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Business Finance Info & Updates

Standard Chartered introduces COVID-19 support for entrepreneurs

Standard Chartered Bank has said it has launched new programme with Youth Business International, to support young entrepreneurs hit by the economic impact of COVID-19.

In a statement on Tuesday, it said the project was part of ‘Futuremakers’ by Standard Chartered, a global initiative to tackle inequality.

It stated, “YBI and Standard Chartered Foundation are working together to provide crucial support to over 33,000 underserved young entrepreneurs in six countries across Africa, Asia and Europe.

“In Nigeria, the project will be implemented by FATE Foundation.”

Speaking on the project, the Head of Corporate Affairs, Brand and Marketing, Standard Chartered Bank Nigeria, Dayo Aderugbo, said, “It is with great pleasure that we launch the Youth Business International initiative in Nigeria today in collaboration with the FATE Foundation.

“We are optimistic about the impact this initiative will have in lives of thousands of young entrepreneurs in the country and the ripple effect this investment will have on the nation.

“This initiative builds on the bank’s track record of supporting employable youths, adolescent girls and women through various financing and capacity building initiative and serves as one of the ways we remain here for good in our communities.”

The statement added that micro, small and medium businesses had a crucial role to play in economic recoveries post COVID-19 and ensuring supporting a diverse range of young entrepreneurs would contribute towards a richer, more varied and more resilient economy for everyone.

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