Media Wire Express Correspondent
In an effort to uplift the economic status of young people, the government has urged youth across the country to take advantage of the 10% interest-free loans provided by local councils.
These loans are designed to support youth-led projects, enable business start-ups, and expand employment opportunities.
Speaking at the launch of a new music studio in Dakawa Ward, Mvomero District, District Executive Secretary and Chairman of the District Sports and Arts Council, Saidi Nguya, encouraged youth to apply for these loans as a means of financial empowerment.
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He highlighted that the Mvomero District Council has allocated over 700 million Tanzanian shillings for loans to support youth, women, and people with disabilities.
Nguya explained that these loans come with favorable terms—no interest or collateral is required—and are aimed at helping young people implement a variety of projects such as farming, small-scale business, livestock rearing, and other entrepreneurial ventures.
“This initiative is part of the government’s broader strategy to support youth development and improve the overall economic conditions of communities,” Nguya stated.
During his speech, Nguya praised the youth for their initiative in establishing the music studio, the first of its kind in the district, and emphasized the potential of the arts as a viable source of income.
“Art is a profession like any other and provides a means for people to earn a living. I commend the youth in this area for their creativity and entrepreneurial spirit in launching this studio,” he said.
To further support local talent, Nguya made a commitment to cover the recording costs for four artists who wish to record at least one song.
This gesture aims to encourage aspiring artists in Mvomero to pursue their careers in the arts without the financial burden of recording fees.
Nguya’s message resonated with the youth in attendance, who expressed enthusiasm about the opportunities offered through the loan program and the new studio.
He urged young people to approach their local council offices for assistance and guidance on how to access these funds, emphasizing that the loans are a rare opportunity for financial independence and skill development.
As the government continues to roll out initiatives to empower youth economically, programs like these are expected to reduce unemployment, enhance self-reliance, and foster economic growth in rural communities.
By seizing these opportunities, young people in Mvomero and beyond can play an active role in the country’s development agenda.
