AfDB, UN launch financing project for youth in South Sudan

0 Comment(s)Print E-mail Xinhua, August 1, 2023
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NAIROBI, Aug. 1 (Xinhua) -- The African Development Bank (AfDB), the United Nations Women and the UN Development Program (UNDP) on Tuesday launched a financing project to support young entrepreneurs in South Sudan.

Through the project, the youth will be granted interest-free loans to start their businesses, said Haji Fauzia Mwita, AfDB country program officer in South Sudan

"We did capacity building for the youth," Fauzia told reporters in Juba, South Sudan's capital during the launch of the project.

The project will help young people start an enterprise, grow and add value to an existing business, or link them to wider markets, she said, adding that they will also be provided with technical support.

Samuel Doe, UNDP resident representative in South Sudan, said the project will benefit 3,000 young people who will have access to interest-free loans ranging between 2,000 and 10,000 U.S. dollars. Enditem

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