Policy Briefs
Promoting Self Employment through Entrepreneurship Financing
Promoting Self Employment through Entrepreneurship Financing: Lessons from the Uganda Youth Venture Capital Fund. Youth unemployment continues to be a developmental challenge not only in Uganda but in several sub Saharan countries. Ugandan youth (18-30 years) are twice likely to be unemployed compared to their older counterparts (31- 64 years). As the government struggles to look for solutions to the unemployment challenge, one approach has been the promotion of self-employment through the establishment of National Youth Funds. Using the UYVCF as a case study, this brief examines the level and determinants of youth participation in the fund and evaluates the operations of the fund against the initial guidelines and procedures as stipulated in the Aide memoire between the Ministry of Finance Planning and Economic Development and the participating banks. It also summaries lessons on emerging youth fund implementation practices in a few chosen countries that could inform the improvement of existing youth funds in Uganda.
| Date: | 2014-07-01 |
| Author: | Gemma Ahaibwe, Ibrahim Kasirye & Mildred Barungi |
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- Published Jul 1, 2014