Entrepreneurship: FAIEJ trained nearly 5,500 youths in 2022

Wednesday, 08 March 2023 17:09
Entrepreneurship: FAIEJ trained nearly 5,500 youths in 2022

(Togo First) - In Togo, the Support Fund for Youth Economic Initiatives (FAIEJ) has trained nearly 5,500 young entrepreneurs and contributed to the creation of 3,500 jobs in 2022. The Fund itself recently disclosed the figures.

Since it launched, the FAIEJ, a public mechanism that fosters the socio-professional integration of youths, has supported around 30,000 youths and at least 3,600 projects. From its launch to the end of June 2021, it has loaned CFA4.521 billion.

The FAEIJ is not the only project that supports youth employability in Togo.  There are also others like the Grassroots Development Support Program (PRADEB in French). The latter recently came to an end and over the decade it existed, it helped create around 9,000 jobs and granted over CFA2 billion in loans. There is also the recently launched SME Development Agency which supports entrepreneurship and youth employment.

Ayi Renaud Dossavi

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