Business
US pledges sh50m towards Ugandan entrepreneurs
Publish Date: Feb 05, 2014
US pledges sh50m towards Ugandan entrepreneurs
500 selected African youth will meet with President Obama
  • mail
  • img
newvision

By Chris Kiwawulo      
                   
The US government has pledged sh50m towards nurturing Uganda’s young entrepreneurs as a way of developing the country. The US assistant Secretary of State for educational and cultural affairs, Evan Ryan, on February 3, 2014, signed the grant that will benefit Ugandan entrepreneurs, a statement from the US embassy in Kampala revealed.  
 
“The grant, funded by American people, is awarded to alumni of President Barrack Obama's Young African Leadership Initiative (YALI) to support youth entrepreneurship efforts in Uganda,” the statement noted. 
 
Entitled ‘Empowering Youth Entrepreneurship through Hands-On Innovation, Creativity, and Skills Training’, the project aims at educating young people about entrepreneurship and helping them build the skill necessary to start their own businesses. 
 
During her remarks, Ryan stated; “This project will not only teach young Ugandans the skills they will need to begin a life as entrepreneurs, it will also help them create a vision for themselves and their country as a nation of job-creators.  
 
“By the time they finish this program it is our hope that they will be infused with the entrepreneurial mindset that has done so much to make the United States what it is today.  I believe this sprit is crucial to the future of Uganda.”
 
YALI Alumni Rusia Orikiriza Bariho of Oribags Innovations, Ltd., Grace Nanyonga Mugisha of Grana Fish Supplies, Ltd., and Arthur Tumusiime Asiimwe of Makerere University will teach product development, organizational leadership, fish processing skills, and design principles to Ugandan secondary school students. 
 
Five four-day trainings will be carried out at schools in Kalangala, Mukono and Jinja districts over the next six months, the statement added. 
 
Ryan added, “The US is committed to the future of Africa and African youth.  YALI is just one example of that commitment.  We do not see youth as a problem to be solved, but rather a resource to be tapped.”
 
A total of 500 selected young leaders from across sub-Saharan Africa will travel to the US in June for six weeks of skills and leadership training at top American universities and meet with President Obama. 
 
Upon return from their fellowship, they will have opportunities for networking, ongoing professional development, seed funding, and community service.
 
YALI seeks to give African leaders of tomorrow the tools they will need to create a secure, healthy, democratic, and prosperous future. 
 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Firm sues gov’t over terminated advertising deal
A row has erupted after an advertising firm’s deal from which it expected to fetch sh150m, for stickers placed on passenger service vehicles, was terminated by government....
Standard Chartered fined $300m over laundering controls
New York state''s banking regulator Tuesday hit Standard Chartered Bank with a $300 million fine and restrictions on its dollar-clearing business for failing to detect possible money-laundering....
Vivo Energy trains boda boda cyclists on road safety
Vivo Energy, the company that distributes and markets Shell branded fuels and lubricants in 16 African countries, will hold road safety training for boda boda cyclists in the districts of Mukono, Wakiso, Entebbe, Masaka, Mbarara, Kabale and Kasese....
UPDF to egange more in economy - Kulayigye
The Uganda Peoples Defence Force’s (UPDF) intervention in Uganda’s socio-economic transformation will not be limited to the National Agricultural Advisory Services (NAADS) program, Col. Felix Kulayigye, the National Political Commissar (NPC), has revealed...
Farming: a planter makes farming easy
Bernard Mukasa has simplified work on his farm by purchasing a planter which has greatly improved on his farm work...
Registration for Pakasa Forum by email only
Persons who wish to attend the much anticipated fourth season of Vision Group’s Pakasa Forum have to first express their interest via email....
Will strict traffic laws reduce road accidents?
Yes
No
Can't Say
follow us
subscribe to our news letter