Namibian Cabinet Approves National Youth Fund Common Guidelines

Windhoek, June 23 – The Namibian Cabinet has approved the common Guidelines for the operationalization of the National Youth Found. These include, amongst others, an Initial outlay of N$257 million with subsequent yearly official subventions; Fund Structure; a Fund philosophy to support a project entrepreneurship approach to ensure that some entities are supported to eventually scale up and attain market maturity. The landing Chanel or conduits; Market Linkage Conduits; and Policy-based lending pricing regime segmented for Start-up initiatives between N$60 000 to N$ 200 000.