Business: Foundation to support 2,000 entrepreneurs hit by COVID-19


FATE Foundation said it has launched a new programme with Youth Business International to support 2,000 young entrepreneurs hit by the economic impact of COVID-19

It said this in a statement on Thursday titled ‘Fate Foundation launches new programme with youth business international, to support young entrepreneurs hit by the economic impact of COVID-19’.

Funded by the Standard Chartered Foundation, it stated, the project was part of Futuremakers by Standard Chartered, a global initiative to tackle inequality.
“FATE Foundation aims to support 2,000 young entrepreneurs whose micro and small businesses have been especially hard-hit by COVID-19,” It stated.

It noted that the global economy was suffering from catastrophic economic shocks as a result of COVID-19.

FATE Foundation said it would provide a holistic package of support including digital transformation workshop, resilience building series, and remote consulting and advisor services to be delivered virtually to 2000 entrepreneurs across Nigeria.
The Executive Director, FATE Foundation, Adenike Adeyemi, said “We are committed to supporting young Nigerian entrepreneurs contribute to the economic recovery after the COVID-19 pandemic and are excited to be part of their success stories.

“We are also excited about the potential of this programme in making significant impact in the Nigerian Entrepreneurship space.”




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