"At least 200 youths across the country received financial literacy training from Centenary Bank in partnership with the International Labour Organization under Youth Entrepreneurship Facility (YEF).
The youths received experiential and hand on training in costing, budgeting, managing businesses, book keeping, and marketing, among others, to enable them turn their energy and ideas into business opportunities with the ultimate goal of increasing their income and creating work for themselves and others.
The National Coordinator for ILO-YEF, Robert Mawanda, emphasized the importance of the session, saying that acquisition of this knowledge would help the youth boost their businesses.
“Most of the youths are passionate about business but didn’t know how to professionally run them. With this training we believe they will now be able to grow their businesses and overcome challenges therein,” Mr Mawanda said on Friday.
The youths operate businesses like dairy processing, salons, boutiques, furniture shops, boda-bodas, retail shops and mobile money kiosks, among others. Some of the groups that benefited from the training include; Youth after School Initiative (Kawempe), Omizu Youth Group (Arua), Yot Kom Kwo Youth and Kacel Watweno Village Saving group – all from Arua. Others were from Nebbi, Lira and Mbale.
The Chief Manager Corporate Affairs and Communications, Centenary Bank, Allen Ayebare, said the programme is run in collaboration with ILO to reach out to youths countrywide.
“The youth segment is one of Centenary Bank’s focus areas. We shall continue developing this segment with partners for they are our future. By skilling targeted youth groups, we create a ripple effect where the youths cascade the knowledge and skills gained to their colleagues in their various fields across the country. This initiative is part of Centenary Bank’s Corporate Social Responsibility financial literacy programme that is reaching out to thousands of people through partnerships countrywide,” Ayebare said.
The programme that was began in 2012, has trained over 1,000 youth entrepreneurs countrywide in districts like, Nebbi, Mbale, Soroti, Kiboga, Gulu, Kasese, Lira, Mbarara, Arua, Tororo, Mubende, Kabale, Masaka and Kampala."
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