Kenya: Aga Khan Foundation Launches Sh.586 Million Youth Development Initiative To Spur Entrepreneurship

The Aga Khan Foundation in conjunction with the Lamu Youth Alliance and the Lamu Youth Professionals Association have partnered in a youth development initiative to fund various youth groups within the county at a cost Sh.587 million in the next three years.

The initiative, which is a sub grant of the Islamic Relief Kenya, a Community Based Organization (CBO) based in Nairobi is aimed at boosting entrepreneurship within the county.

Through the initiative, youth groups can qualify for as much as Sh.8 million over the 3 year period of the project implementation.

“This initiative is aimed at boosting entrepreneurship among youths especially in marginalized areas such as Lamu county, where funds for the informal sector are had to come by,” Aga Khan Foundation Coast Regional Manager, Athrash Ali told KNA on Monday in an exclusive interview in Amu Island.

He further stated that the foundation has partnered with the Lamu Youth Alliance and the Lamu Youth Professionals Association to identify the respective groups that qualify for funding and urged groups to be more pro-active in seeking funding to grow each members respective businesses.

“So far we are funding three youth groups in Lamu, two in Garissa and two in Mandera, but we would like to have an increase in numbers to improve the fortunes of youths in the region,” Ali said.

Source: http://www.kenyanews.go.ke/aga-khan-foundation-launches-sh-586-million-youth-development-initiative-to-spur-entrepreneurship/

Author: ismailimail

Independent, civil society media featuring Ismaili Muslim community, inter and intra faith endeavors, achievements and humanitarian works.

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