Monday, December 13, 2010

Unemployed African youth to benefit from UN-backed finance programme

Some 200,000 low-income youth in sub-Saharan Africa will benefit from a United Nations-backed initiative announced today to increase access for them to financial services in a region where youth unemployment rates are two to three times that of adults.

YouthStart, co-sponsored by UN Capital Development Fund (UNCDF) and the MasterCard Foundation, which has made a four-year, $12 million contribution, is a competition-based programme that will identify and support up to 12 financial institutions to pilot and roll out sustainable financial services tailored to youth. Read more...
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