Djibouti allocates 1.8 billion francs to young entrepreneurs
By the AFREEQUE newsroom, based on Adi
Djibouti’s President Ismaïl Omar Guelleh has announced an exceptional allocation of 1.8 billion Djiboutian francs to the Djibouti Economic Development Fund to finance youth entrepreneurship. The programme will target agriculture, fishing, tourism, renewable energy and digital services, among other sectors, according to the Djibouti Information Agency.
Djibouti’s president, Ismaïl Omar Guelleh, announced on Tuesday an exceptional allocation of 1.8 billion Djiboutian francs to the Djibouti Economic Development Fund (FDED) to support youth entrepreneurship and tackle unemployment. He made the announcement at the opening of the 12th session of the Council of Ministers, according to the Djibouti Information Agency (ADI).
The funding is intended to make it easier for young entrepreneurs to access finance, support domestic private-sector initiatives and help diversify the economy. The FDED will assist beneficiaries through training, technical support and monitoring of their activities, the head of state said.
The programme will target agriculture, livestock, fishing, tourism, renewable energy, logistics, digital services and the circular economy. Its success will be assessed according to the viability of the businesses created, the number of jobs generated and their lasting contribution to the national economy, according to Ismaïl Omar Guelleh.
