Togo : FAIEJ spent CFA500 million last year on 300 projects steered by the youth

Economic governance
Thursday, 08 March 2018 17:05
Togo : FAIEJ spent CFA500 million last year on 300 projects steered by the youth

(Togo First) - In 2017, overall, 200 young entrepreneurs were trained on management and 300 projects were funded by the Support Fund for Youth’s Economic Insertion (FAIEJ). Reporting this figure, local website Republic of Togo added that the fund spent CFA500 million to this end, creating by the way nearly 1000 jobs.

Launched in 2012 to tackle youth unemployment and promote entrepreneurship, FAIEJ exists to facilitate youths’ socio-professional insertion. In this framework, many schemes, including financial and technical support, were initiated.

Six years after its establishment, in partnership with national agency for employment (ANPE), the fund has backed many youngsters and created more than 4,000 direct permanent jobs, according to the website.

Fiacre E. Kakpo

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