From Bajaaj to Boats Initiative: Recognizing the untapped potential of Somalia’s youth, the “From Bajaaj to Boats” initiative aims to steer young individuals towards the fisheries sector, offering them sustainable and lucrative employment opportunities. Given that over 60% of the young population seeks employment, this program discourages reliance on Bajaaj, the three-wheeled motorcycles (rickshaws), which contribute to climate pollution and offer limited job prospects. Instead, it promotes the fisheries industry as a viable and sustainable business that benefits not only the self-employed but also the wider community.
Key Objectives:
- Environmental Impact: The initiative aims to reduce climate pollution by discouraging the use of rickshaws and promoting environmentally friendly fishing practices.
- Economic Growth: By fostering the fisheries industry, the program seeks to boost economic participation, create jobs, and stimulate local economies.
- Community Benefits: The fisheries sector offers extensive opportunities for growth, providing food security, improving livelihoods, and enhancing the overall well-being of the community.
Program Details:
- Training and Support: Participants will receive comprehensive training in sustainable fishing practices, business management, and environmental stewardship. The program will also provide ongoing support to ensure the success of new ventures.
- Access to Resources: Daryeel Bank will facilitate access to necessary resources, including fishing boats, equipment, and financial services, enabling participants to start and grow their businesses.
- Partnerships and Collaboration: The initiative will foster partnerships with local and international organizations, government agencies, and community groups to create a supportive ecosystem for sustainable fisheries development.
Why Invest:
- Impactful: Investors will have the opportunity to make a meaningful impact on Somalia’s economic development, environmental sustainability, and social well-being.
- Scalable: The initiative is designed to be scalable, allowing for expansion and replication in other regions, maximizing its impact and reach.
- Sustainable: By promoting the fisheries industry, investors will contribute to a long-term, sustainable solution that offers enduring benefits for individuals and communities.