The Young Africa Works Uganda Strategy implementing partners on Friday 4th December 2020 signed a Memorandum of Understanding which will serve to extend and cement the cooperation that the partners have built over the course of 2020 in implementing the Young Africa Works Strategy in Uganda. The Ceremony was attended by representatives of Equity Bank Uganda, GOAL Uganda, Gudie Leisure Farm, Private Sector Foundation Uganda, The Innovation Village, Uganda Rural Development and Training Program, National Social Security Fund and Mastercard Foundation.
This MOU is the formalization of collaboration among partners, which began several months ago and has proceeded amicably and effectively. Through this MoU, Equity Bank, GOAL, Gudie Leisure Farm, The Innovation Village and PSFU will become fully-fledged “institutional” partners on the Young Africa Works strategy, in the context of a meaningful and sustainable cooperation. The agreement will continue to incorporate additional partners like Uganda Rural Development and Training Program, National Social Security Fund and Centenary Bank.
The Deputy ED of PSFU, Mr. Francis Kisirinya welcomed the progress made so far during the past year. He thanked Mastercard Foundation for being a steadfast partner to all the implementing organizations. Mr. Kisirinya reiterated the commitment of PSFU to make the most of the partnership by advocating and influencing policy makers to improve the business environment and creating linkages for implementing partners with the requisite institutions resources; in order to enhance opportunities for youth employment in Uganda.
The partners are contributing to the Young Africa Works Strategy Uganda to create three million dignified, fulfilling and sustainable work opportunities young men and young women in Uganda in five years. This will be done by jointly tackling key challenges of youth unemployment in Uganda including; inadequate skills, inappropriate financing options, regulatory and socio-cultural barriers, limited access to knowledge networks and technology.