20.3 C
Kampala
April 13, 2024
Let Out  News
Image default
Business Editor's Picks

Northern Uganda youths to benefit from StanChart donation

Over 600 youths in northern Uganda are set to benefit from a donation of Shs. 750 million from Standard Chartered (StanChart) bank to re-start agricultural enterprises affected by Covid–19. This follows a survey that showed that 60% of youths engaged in agricultural enterprises are struggling to sustain businesses due to the effects of Covid – 19.

A survey conducted by the Standard charted bank in Lira and Nebbi districts revealed that 60% of the youth engaged in agricultural enterprises were badly hit by Covid–19 and most are on the verge of being unemployed.

Most of the affected respondents were engaged in agri-businesses which can be restarted with the provision of funds.

Standard Chartered Bank has donated sh750 million to youth groups to help recapitalize their enterprises.

According to the minister of agriculture Vincent Sempijja, the bank’s intervention will stimulate the growth of the sector thus helping Uganda achieve its industrialization strategy.

Over 600 youth will benefit from this project through getting digital skills and marketing of produce among others

Related posts

Afghan refugees start arriving in Uganda

Edwin Musaazi

DFCU Bank chooses CR2 for their ATM, Card and Payments Management Platform  

admin

Kampala vaccination exercise kicks off amidst challenges

Irene Alininze

Leave a Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More