Sports, Youth and Child Development Minister Vincent Mwale says Government is concerned with the high default rates for its empowerment programs being rolled out under the Citizens Economic Empowerment Commission -CEEC- and Youth Empowerment Fund.
Mr. Mwale has attributed this to lack of priorities among most youthful entrepreneurs.
He was speaking when he officiated at the launch of the Mara Mentor Foundation by founder of Atlas Mara the owners of Banc ABC, Ashish Takker.
He says Zambia’s youths who form 82 percent of the population can contribute to economic growth if harnessed.
The Minister has noted that President Edgar Lungu last year launched the youth policy and action plan meant to address poverty levels and unemployment through a multi sector empowerment approach.
He says the youth mentorship program by Mara Foundation is what Zambian youths need alongside empowerment programs by government like farming initiatives where they are being given free land for agro activities with CEEC setting aside 40percent of empowerm
And Mr. Takker has commended President Lungu for supporting the initiative from inception as he has been passionate about it.
He says unemployment can only be stopped not by Foreign Direct Investment alone but by nurturing Small and Medium Enterprises in the country.