Mozambique’s Parliament has approved legislation compelling the government to provide financial support to young entrepreneurs looking to establish small businesses, in a bid to tackle widespread youth unemployment across the country.

With a large proportion of Mozambique’s youth currently out of work, lawmakers backed the measure to widen access to startup capital and encourage self-employment among young citizens struggling to enter the formal job market.

The legislation is expected to pave the way for structured state-backed funding mechanisms aimed at nurturing youth-led enterprises and stimulating grassroots economic activity nationwide.

–ChannelAfrica–