The new Deraya entrepreneurship initiative for young entrepreneurs seeks to build a dynamic ecosystem of innovative entrepreneurs and startups in Libya. Targeting youth and vulnerable groups, Deraya is open to innovative and aspiring entrepreneurs aged between 18 and 35. As a critical step towards sustainability, entrepreneurs will be linked to the municipal business incubators being set up with MoLG with UNDP’s technical support. “The Deraya initiative plays a pivotal role in the Ministry of Local Government’s strategy to develop entrepreneurship and micro-enterprises at the local level, empower municipalities economically, and provide job opportunities in line with Law 592 and Resolution 15003. We are delighted to work towards these goals in cooperation with our international partners, EU, AfDB and UNDP,” said Dr Bader Al-Deen Al-Tomi, Minister of Local Government.

Source: The North Africa Journal June 05, 2023 07:02 UTC