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UGANDA: UNDP, Stanbic Bank Uganda Limited launched a Youth4Business Innovation and Entrepreneurial Facility

UGANDA: UNDP, Stanbic Bank Uganda Limited launched a Youth4Business Innovation and Entrepreneurial Facility

AFRICA, TECHNOLOGY, UGANDA
Kampala - Tuesday 07 July 2020: The United Nations Development Programme (UNDP) has inpartnership with Stanbic Bank Uganda Limited launched a Youth4Business Innovation andEntrepreneurial Facility designed to spur impact-driven entrepreneurship, foster innovation, andleverage business solutions to address the youth unemployment challenge; and enable micro,small and medium enterprises (MSMEs) recover from the impacts of COVID-19.The Facility, anchored in the global 2030 Agenda for Sustainable Development, is an integratedsupport package intended to act as a catalyst for innovation by enabling youth pilot andtransform sustainable enterprise ideas and models with a commercial viability into impact atscale. This will partly address the market failure where financial institutions are reluctant ...