Somalia’s First Independent Trust Fund

[xabad]

 

Nadir Sharif Maqbul loves to play soccer and has dreams of one day joining the Chelsea Football Club in London. But his reality is less bright in Somalia, where the majority of the country’s youth are unemployed. Maqbul is one of them. The 20-year-old, who has failed to find a full-time job for the past several years, needs a steady income to support his widowed mother and marry his girlfriend.

 

“No job opportunities exist in this country,” said Maqbul, who lives and attends secondary school in the capital, Mogadishu.

 

That could all change with Fursad Fund, which launched last weekend and aims to establish “Somalia’s first independent trust fund” through donations from citizens and the Somali diaspora, rather than foreign aid. The money raised is meant to help create jobs and other opportunities for impoverished and disadvantaged communities across the East African country, where youth are often otherwise lured by piracy or armed groups.

 

But while residents and the government hailed the homegrown campaign’s intentions, Somalia analysts were concerned about Fursad Fund's board of directors and its links to the government. They also warned that success will ultimately be determined by the organization's ability to deliver on its lofty promises and remain transparent in a country that has been dubbed the world’s most corrupt.

 

http://www.ibtimes.com/somalias-first-independent-trust-fund-offers-hope-unemployed-youth-raises-concerns-2328283?

 

What do you'all think ?

 

Will it succeed or not ?

 

 

[Tallaabo]

Is it really "independent" or has anyone "trusting" it?

[xabad]

My own opinion is it has 0 % chance of success.

 

 

[Miyir]

a good initiative, we should applaud them for starting a fund. success? wish them best, lets hope they prove everyone wrong.

[Holac]

[xabad]

Somalis are kleptomaniacs, its congenital, they can't help it.

 

LOL @ Fuuqsad Fund.

 

I would trust a Nigerian before i trust a maali, and that is saying something.