CTA identifies new partner to fund youth-owned business projects in Mozambique

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CTA identifies new partner to fund youth-owned business projects in Mozambique

11:01 CAT | 17 May 2018

O País

Access to finance is currently one of the biggest barriers to small and medium-sized enterprises in Mozambique. But the situation is even more difficult when these companies are owned by young people seeking funding for innovative ideas.

And this was the main theme of Wednesday’s meeting between the Confederation of Economic Associations of Mozambique and the World Economic Forum.

“When we bring together young people’s knowledge in a unique way, we also realise that they need experience and quality in their projects, and it is in this area that we also want to be supportive,” World Economic Forum representative Abdullahi Alim said.

Possible partnerships between the private sector and the World Economic Forum will be targeted at four strategic areas: infrastructure, tourism, communications and culture.

“For us, these are areas that fall within the CTA’s mission and, so we will study and evaluate their needs together in order to see if we can jointly implement them,” said Luís Magaço, a private sector spokesman.

This was the first of a series of meetings between the CTA and the World Economic Forum which are expected to forge agreements and lead to concrete actions in support of small and medium enterprises.

Source: O País