MOL, NYK ,"K" Line, Maersk, Shell, BP and Stena
have announced their joint collaboration with the United Nations Development
Programme (UNDP) to provide US$1 million to support job creation in Somalia.
This collaboration is the first step in an initiative,
launched in February 2012, designed to make a contribution to the rebuilding of
a stable Somalia and thus reduce the risk of piracy.
The UNDP will focus on supporting long-term youth
employment with the aim of providing viable employment alternatives to piracy
for Somalia's youth in the agriculture, livestock and fishing industries. For
example, this funding will support the creation of a business development
centre for local entrepreneurs. The funding will also help the UNDP to build up
local youth facilities to encourage community collaboration and mutual support.
The UNDP hopes that this initiative led by the shipping
industry will facilitate establishing the foundation for a future generation in
Somalia that has choices and no longer supports or condones piracy.
The shipping industry initiative also intend to make
available additional funding of US$1.5 million to support other capacity
building projects in Somalia.
Source : HKSG.
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