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Rwanda to spend $700k to fund youth agriculture projects

At least 60 agri-business projects initiated by youths across the country are set to get Rwf10 million each following an agreement signed between the Business Development Fund (BDF) and the Private Sector Federation (PSF).

The projects, that are mainly in the agriculture and livestock value chain, will be selected from all the 30 districts of the country.

The criteria for selecting beneficiaries will involve looking at projects that aim at employing the jobless youth with a focus on university graduates, according to the benefactors.

Each project, according to the agreement, should benefit at least 10 youths. As per the Fourth Integrated Household Living Conditions Survey, 2013/14, unemployment among university graduates stood at 14 per cent. 

1 Rwf = 0.0012 USD
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