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Establishment of the empower bank
Description of the policy/measure
Operating under the aegis of the ministry of youth, sport, arts and recreation, the empower bank has a facility that caters for youth enterprise (entrepreneurship) development in all facets of the economy, cultural and creative industries included. the bank deliberately focuses on nurturing young entrepreneurs who constitute a large percentage in the cultural and creative industries.
2005 Convention Monitoring Framework Goal(s)
Area(s) of Monitoring
Cultural Domain(s)
Transversal Priority(ies)
Results achieved
Young entrepreneurs are accessing loans to establish and develop their businesses in various sectors of the economy. the youths in cultural and creative industries are accessing start-up capital for their respective business ventures.