A training centre for dairy production and processing was inaugurated on Friday at the head office of the Tunisian Association for the Beja Cheese Festival and Heritage Promotion in Nefza. Thanks to this project, some 120 women and young people will be able to benefit from substantial training each year and increase their employment opportunities. The project, which falls under the Japanese programme Grant Assistance for Grassroots Human Security Projects (GGP), consists in fitting out the association's premises and providing the equipment needed for training in dairy processing techniques, according to a press release issued by Japan's embassy in Tunis. The goal is also to improve the quality and diversification of products, which will stabilise the incomes of dairy farmers and contribute to the sustainable development of the dairy sector in Beja. At the inauguration ceremony, Japan's ambassador to Tunisia Takeshi Osuga voiced wish that the centre would "give hope to women and young people, and that the y will all become supporters of the friendly relations binding Japan and Tunisia." The GGP aims to achieve economic and social development in developing countries based on the philosophy of ensuring human security, and providing the necessary funding for relatively small-scale activities in a way that directly benefit inhabitants at a grass-roots level. Since 1996, 139 projects under this grant have been implemented throughout Tunisia in various fields, according to the Japanese embassy. Source: Agence Tunis Afrique Presse A day-long sensitization forum was held for over 140 youth from Soin Sigowet Sub-County in Kericho County, focusing on financial literacy, access to financial products, and business formalization. During the forum that was conducted courtesy of the Youth Enterprise and Development Fund in partnership with Equity Bank, the youth were encouraged to form business groups and get registered to access the financial products that would enable them to start profitable businesses. The Youth Enterprise Development Manager Morris Ondiek who was present said, that for the youth to access funds for business, they need to belong to registered groups and have an active bank account adding that the membership of the group should be at least five with 70 percent of the members comprising of youth aged between 18-35. Mr. Ondiek informed youth about the Youth Enterprise Development Fund's mandate, which offers loans, market support, linkages, trading facilities, and job opportunities for youth-owned enterprises. 'We are en couraging the youth to actively apply for Youth Enterprise Development fund which offers youth Group loans and individuals, companies, and partnership loans as its products.' Said Mr. Ondiek The Youth Enterprise Development Manager encourages youth to identify income-generating projects like agriculture, livestock rearing, fish farming, and poultry to ensure well-invested funding with a 5% interest rate. Mr. Ondiek highlighted the affordability and convenience of a Ksh.100, 000 loan for youth groups, offering repayment options within 12 months at a 5% interest rate. Speaking to KNA, the Kericho County Credit Officer Mr. Victor Langat revealed that so far this year more than 20 youth groups engaging in agribusiness had benefitted from the funds calling on more youth groups to apply for the loans. Mr. Langat attributed an improvement in loan repayment in the County to frequent sensitization forums that have increased awareness of financial literacy among the youth. 'Youth groups now understand debt, credit s core, record-keeping, savings, and investments through forums, monthly training, and awareness of good debt and credit score.' Added Mr. Langat Youth Enterprise Development Fund is one of Vision 2030's flagship projects under the social pillar, established mainly to address challenges faced by youth unemployment with its main aim of turning youth into job creators. Source: Kenya News Agency
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