Barclays and UNICEF Launch New Global Partnership in Uganda
KAMPALA, Tuesday, November 27, 2012 - Barclays and UNICEF today marked the renewal of their highly-successful "Building Young Futures" partnership for a further three years, with an additional £5 million investment from Barclays, by launching a new programme in Uganda.
"Building Young Futures", a global programme launched in 2008, has so far given 600,000 young people across 13 countries improved education opportunities, financial, employment and enterprise skills and support to manage their money.
Phase two of "Building Young Futures", in which Ugandan youth will participate, is focused on ensuring a stronger and more sustainable impact for the young people who are part of the programme as well delivering impact to the wider youth population. Building Young Futures aims to do this by securing commitments to policy change from the governments in each of the six countries, which will lead to a stronger and more sustainable economic future for young people, well beyond the lifetime of the partnership.
The partnership aims to improve the prospects of 74,000 disadvantaged young people in Brazil, Egypt, India, Pakistan, Uganda and Zambia by strengthening their economic resilience against the devastating challenges of chronic poverty, inequality and changing economic circumstances. It will deliver in-depth financial and enterprise skills training to young people so they have the knowledge and confidence they need to get and keep a job or set up their own business and gives them greater economic security through the ability to save.
Speaking at the partnership launch at the UNICEF Uganda Country Office in Kampala, today, Barclays Group Vice Chairman, Mr. Naguib Kheraj, said, "Barclays is committed to investing in the communities in which we work. We are particularly interested in supporting young people to develop the right skills to fulfill their potential. We are proud to work with UNICEF on ‘Building Young Futures’. This partnership equips young people with the financial, enterprise and life skills they need to achieve economic independence and security."
In Uganda, the launch of "Building Young Futures" Phase 2 will see GBP £1,350,000 being invested over the next 3 years, building on the experiences of countries currently implementing "Building Young Futures" programmes - such as Zambia and Egypt - and on a pilot programme modelled by UNICEF Uganda in 2011, to equip vulnerable Ugandan youth who would otherwise have had no access, to generate income and improve their livelihoods, ultimately contributing to national development.
Young people below the age of 30 constitute 78 per cent of Uganda’s population, according to the Uganda Bureau of Statistics and the National Housing Survey of 2009-2010, making Uganda’s population the second youngest in the world. The African Development Indicator places the unemployment rate among Uganda’s young between the ages of 15-24 years at 80 per cent.
The UNICEF Representative in Uganda, Dr. Sharad Sapra, described the programme as a highly innovative collaboration, which seeks to establish financial literacy, business and life-skills training across ICT-enabled youth resource centres in Uganda. The programme will also involve Barclays’ staff engagement to contribute to equipping young people with financial literacy and business management skills. 2
"Together with Barclays, we intend to have, at the end of 3 years, 10,000 young people trained in financial literacy and money management, life skills and business skills training through peer-to-peer training that will enable them to become economically secure; 300 young people will have been supported with funds to kick start small business, and an additional 100 youth will have access to loans", said Dr. Sapra.
"At least 370 young people are expected to start income generation activities or small businesses, with the majority sustaining them over one year; while 400 young people will have been mentored to start their business", he added.
Speaking at the global launch on behalf of the Barclays Uganda Managing Director, Michael Kaddu, Head of Corporate Affairs for Barclays Uganda added "This partnership between Barclays and UNICEF comes at the right time for the Ugandan youth. Investing in them is key for the future. This programme is yet another way for Barclays demonstrating the need for Citizenship to go beyond donations, to social investment that is in line with long-term sustainability of the communities where we operate."
The launch at UNICEF’s office in Kampala was attended by UNICEF UK’s Executive Director, David Bull, who said: "The launch of this new partnership between UNICEF and Barclays builds on 4 years of working together to deliver economic empowerment and transform the lives of young people around the world. It could not come at a more vital time when so many are facing tragically declining economic prospects. We enter this new phase of our partnership even more ambitious than before and determined to bring real and positive change to the lives and livelihoods of some of the most vulnerable. By working together in countries at the front line of these challenges - like Uganda with the second youngest population in the world - we are confident we can help many more young people get a job, start a business and build the confidence and skills they need to create the future they deserve."
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For more information, please contact:
Michael S. Kaddu, Head of Corporate Affairs, Barclays Uganda, Direct Line: +256 (0) 417 122406
Mobile: +256 (0) 752 779440 ; Email: Michael.email@example.com
Anne Lydia Sekandi, Partnerships Specialist, UNICEF Uganda, +256 417 171000; firstname.lastname@example.org
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About Barclays Bank Uganda
Barclays Bank of Uganda Limited, part of the global Barclays Group, is an international commercial bank in Uganda offering retail banking, corporate banking, and small and medium term financing. Employing more than 1,000 people, Barclays Bank of Uganda serves more than 350,000 customers and clients across the country through a network of over 40 distribution outlets and 65ATMs. To find out more about Barclays Bank of Uganda, its products and services, please visit our website: www.barclays.com <http://www.barclays.com/> or call +256-417-122000 Visit any one of our branches and speak to our customer advisors who are always happy to answer your queries.
About UNICEF Uganda
UNICEF, the world’s leading child rights organization, works in Uganda to help the Government meet its obligations under the UN Convention on the Rights of the Child (CRC) to keep children Alive, Safe and Learning. UNICEF’s partnerships in Uganda have reached over 7 million people with critical inputs to sustain immunization services, extend primary health care and nutrition, improve family-care practices, ensure HIV/AIDS prevention and control, expand water, sanitation and hygiene, improve primary education, and enable the special protection of children.
UNICEF is funded entirely by the voluntary contributions of individuals, businesses, foundations and governments