The MoU signed on Thursday will see at least 1,000 young entrepreneurs acquire hands-on training by next year.
Chief Executive Officer of PSF, Stephen Ruzibiza said the agreement focuses on youth businesses in a bid to promote their development and production through adequate knowledge.
"The new programme is tailored to equip our young members with adequate knowledge and this will further enhance competitiveness and production", said Ruzibiza.
He said the programme was originally designed for the youth but opportunities will reach out to others later in order to reduce the rate of business losses in the country.
“Lack of is of business skills is among major causes of business failures. Therefore, your prospective business ideas may go at waste just because you lack the capacity to explore them,” he observed.
The new training programme is expected to create between 10,000 and 30,000 jobs in the Country.
IBDL Chief Development Officer-Africa, Dr Mohamed Galal emphasized the importance and necessity of the programme, saying it help develop Rwanda’s business sector.
Chairman of the Board of Directors of the University of Kigali, Philibert Africa, assured of the university’s competences for offering business skills and strongly build the capacity of young entrepreneurs as agreed in the MoU.