FESY’s Initiative to Combat Youth Unemployment

FESY has signed a Memorandum of Understanding (MoU) with BK-Capital (Aguka Fund) to tackle the pressing issue of youth unemployment in Rwanda. This collaboration aims to enhance employment opportunities for young people through the Youth Save for the Future (YSF) program.

FESY’s Initiative

Objective: FESY seeks to empower youth by promoting financial literacy, entrepreneurship, and innovation through the YSF program.

Program Details: The YSF program encourages youth to save small portions of their earnings regularly. It provides extensive training in entrepreneurship, financial literacy, and innovation. Furthermore, the program connects participants with potential funding sources, including loans and grants, to support and expand their startups.

BK-Capital’s Role in the Partnership

Partnership Goals: The MoU with BK-Capital enhances the YSF program by integrating BK-Capital’s expertise in financial management and investment services.

BK-Capital’s Contribution: BK-Capital, a leading investment firm in Rwanda with licenses from the National Bank of Rwanda and the Capital Market Authority, will offer financial resources and investment opportunities to support youth-led startups.

Impact and Expertise

• FESY’s Experience: With over six years of experience in youth mobilization and training, FESY excels in providing financial literacy and entrepreneurship skills to Rwandan youth.
• BK-Capital’s Expertise: Established in 2012, BK-Capital brings significant knowledge in stockbroking and investment management, which is crucial for providing financial support to emerging businesses.

Conclusion

The MoU between FESY and BK-Capital represents a strategic partnership aimed at addressing youth unemployment. By equipping young people with essential skills and financial resources, the YSF program will enable them to start and grow their businesses, contributing to economic development and financial inclusion in Rwanda.