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FAO launches trust fund to create jobs for youth in agriculture

New Vision, 17 November 2014 - The Food and Agriculture Organisation (FAO) has launched the Africa Solidarity Trust Fund to create employment for the youth especially in the agriculture Sector.
FAO launches trust fund to create jobs for youth in agriculture
Youth displaying agricultural products. PHOTO/Prossy Nandudu
The FAO-managed Africa Solidarity Trust Fund was launched in 2013 as a unique Africa-led initiative to improve agriculture and Food Security across the continent.

It includes contributions from Equatorial Guinea ($30 million), Angola ($10 million)   and a symbolic contribution by civil society organisations in the Republic of the Congo.

Since its inception, the Fund has already provided financing for projects in six countries – Mali, the Niger, Central African Republic, Ethiopia, South Sudan and Malawi–  including building resilience for conflict affected rural communities, reducing rural poverty through youth employment opportunities and building best practices to increase crop and live stock production.

The next planned allocation will cover a continental intervention to support African rural youth future through the New Partnership for Africa's Development (NEPAD) and a facility for South-South Cooperation from Africa to Africa, to allow a better sharing of knowledge and development solutions within the continent.

Administered by FAO in partnership with key collaborators, the fund aims to pool resources from Africa’s strongest economies and use them across the continent to implement initiatives in the framework of the African Union's Comprehensive Africa Agriculture Development Programme (CAADP) to boost agricultural productivity and food security in the region.

The fund is governed by a steering committee currently consisting of Equatorial Guinea, Angola, the Chair of the Africa Group, the Chair of the FAO Regional Conference for Africa, the African Union and the FAO secretariat.

In June 2014 at Malabo, Equatorial Guinea four new sub regional projects were formalized among which  is promoting greater diversity in agricultural production and activities to improve nutrition and to offer better job prospects to young people in Eastern Africa.

The recipient countries are Burundi, Kenya, Rwanda and Uganda of which is part of the initiative, Uganda has been allocated US $ 1, 048,866 for the project.

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Source: http://www.newvision.co.ug/news/661891-fao-launches-trust-fund-to-create-jobs-for-youth-in-agriculture.html

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