Silatech, a Qatar-based social development organization, has signed a MoU with Qatar Fund for Development and the Federal Government of Somalia on an initiative aimed at uplifting the lives of Somali women.
The collaboration aims at launching The Somali Youth and Women Microenterprise Initiative, which will create employment and economic opportunities for thousands of youth and women, through financing income generating enterprise activities in three states in Somalia.
This will be executed in collaboration with Silatech’s implementing partner Kaah Islamic Microfinance Services – KIMS.
Sabah Ismail Al Haidoos, CEO of Silatech commented: “This initiative demonstrates Silatech’s commitment to support the Somali government in economically empowering Somali women and youth.”
“And (it is) a continuation of the organization’s innovative programs to link them to jobs and economic opportunities and enable them to promote social and economic stability in their communities.”
The Somali Youth and Women Microenterprise complement Silatech’s existing economic empowerment programs in Somalia, which it claims to have created more than 1,700 job opportunities for Somali youth.