By Charles katabalwa,
NATIONAL
Entrepreneurs says government should stop putting youths funds in banks because many don’t have requirements to access them, hence ending up used by wrong individuals.
The 2024/25 budget government has allocated Shs2.641 trillion for investing in wealth creation initiatives, including commercial agriculture, value addition, the Parish Development Model, Emyooga, Agriculture Credit Facility, tourism, science based research, youth skilling, export promotion programme, and GROW project which all are youth centered programs.
The Executive Director of Curad incubator, Apollo Ssegawa says the money availed to fund youth-led entrepreneurship and innovation projects is given to people who don’t give it to youths because they lack access to banking services.
Ssegawa was welcoming the Heifer International Chief Executive Officer(CEO) Surita Sandosham during his courtesy visit to Uganda to oversee the progress of Heifer International in Uganda.
Accordingly, experts suggest that the money should be given directly to the youth than being wired on bank accounts to ease accessibility to the youth.
“Youths Funds should be given to them directly instead of Banks which has Bureaucracy, entrepreneurs tell government,” Entrepreneurs proposed.
The Curad incubator ED further disclosed that they are committed to help young people gain from innovative technology, he however noted a challenge of lack of the youth-led projects.
Meanwhile, the Heifer International Uganda Country Director, William Matovu says Heifer International is committed to oversee that youths prosper through innovative and technology and urged them to produce quality products which can compete on world market.
In the same breath younger entrepreneurs have cried out to government to reduce on taxes to allow them gain in their innovation.
This has been revealed by Catherine Kyomugisha a younger entrepreneur and CEO of Yokie Farms solutions Ltd which produce yoghurts.
