The Young African Leaders Initiative (YALI) has commended calls by
the Lusaka Stock Exchange (LuSE) that youths in the country should
embrace a culture of investing.
Recently,
LuSE business development manager Munyumbu Mutwale stated the need to
inculcate the culture of investment in the young people if the country
is to achieve meaningful economic development. YALI
President Andrew Ntewewe said the call by LuSE was commendable as young
people are the core drivers of the national economic and must look at
ways of investing money to safeguard their future.
Mr
Ntewewe told ZANIS in an interview in Lusaka today that young people
must be seen to save money into accounts for education purposes,
engaging in entrepreneurship schemes, and buying stock on the capital
markets.
He
however stated that government also needs to play a role in ensuring
that youths save their money by creating an enabling environment for
them to invest.Mr
Ntewewe said government should create employment for youths to assist
them with resources to undertake entrepreneurial initiatives which will
in turn provide opportunities for them to buy shares.
He
praised government for providing the Youth Empowerment Fund saying the
initiative places youths in a better position economically.
The YALI leader advised that government publicises the fund for more youths to know about it and access the funds. Mr
Ntewewe said many a time government came up with good programmes but
young people did not fully benefit because of insufficient information
on how to access the funds from the government.
Source: http://lusakavoice.com/2013/03/24/zanis-copy-yali-welcomes-luse-youth-call/
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