Home » News » Uganda news » President Museveni Launches Youth 4 Business Innovation And Entrepreneurship Facility
President Museveni Launches Youth 4 Business Innovation And Entrepreneurship Facility

President Museveni Launches Youth 4 Business Innovation And Entrepreneurship Facility

President Museveni presided over International Youth Day celebrations, which was done “scientifically” due to the ongoing problem of COVID-19.

Cognisant of the extra strain brought about by this global pandemic, especially on our young people, the government has intensified efforts to open up many opportunities with access to financing and skills development being at the core of these efforts.

However, for better and sustainable utilization of these opportunities, it is imperative, now more than ever, that the youth internalize the message we have been putting out time and again. Identify with a sector towards wealth creation and do it with ekibaro/ Imar/ calculation. This can be in agriculture, manufacturing/ industry which includes value addition, Services or ICT.

Secondly, be honest in your organizations or associations if and, or when you access the funds. The associations are only viable if they are managed well and also honestly. This goes especially to our literate children, whose vocations may not be readily absorbed in the job market. Desist from joining dangerous groups like our children that studied only Arabic and ended up in the ADF out of brainwashing by wrong elements,’said Museveni.

There are a number of government initiatives geared towards empowering the youth that can be very helpful.

Development partners such as the UNDP have come on board. Today, president Museveni has launched the Youth 4 Business Innovation and Entrepreneurship facility. 10 million USD has been granted under this facility alongside a concessional loan of up to 200m USD, targeting the Youth.

You are encouraged to apply through www.undp.org. My daughter Anne Juuko of Stanbic Bank is talking about 14% as interest below market rate but I hope it can be revised down,’ he said.

Be honest in your organizations or associations if and, or when you access the funds. The associations are only viable if they are managed well and also honestly,’ he added.

Check also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards

Comments

comments

Loading...

About lukwago J

Posted by LUKWAGO. J: He's a writer, editor, blogger, affiliate and a web developer, he loves thinking creatively and finding new ways to implement different programming ideas.
Loading...
x

Check Also

Witch Doctors Should Stop Working On Sick People Now, President Museveni

President Museveni To Address The Nation Tomorrow

President Museveni will tomorrow, Tuesday 15th address the nation on the current state of Ebola ...