PRESS RELEASE
- lugarawayouth Foundation
- Sep 7
- 3 min read
Updated: Nov 4
Press Release
Lugarawa Youth Foundation Signs Strategic Partnership with FasterCapital to Empower Youth and Drive Sustainable Innovation in Tanzania
Njombe, Tanzania / Dubai, UAE – August 21, 2025 – Lugarawa Youth Foundation (LYF), a youth-driven non-profit organization operating in Tanzania, is proud to announce the signing of a strategic partnership agreement with FasterCapital, a leading global investment and incubation company headquartered in Dubai, United Arab Emirates.
The agreement, signed on August 21, 2025, in Dubai, marks the beginning of a long-term collaboration aimed at empowering Tanzanian youth through entrepreneurship, technology, agriculture, and environmental conservation. This partnership is expected to provide young people in Njombe and Ruvuma Regions with enhanced access to funding, mentorship, business incubation, and global networks.
A Bridge of Hope and Opportunity
“This partnership is a bridge of hope and opportunity. With FasterCapital’s global expertise and resources, combined with the creativity and determination of Tanzanian youth, we will unlock impactful solutions that create jobs, fight poverty, and address climate challenges,” said Romanus Aidan Mgimba, Director of Lugarawa Youth Foundation.
FasterCapital has a proven track record of supporting startups, small organizations, and social enterprises worldwide by offering equity funding, incubation services, and access to a vast network of global investors and partners. By teaming up with LYF, the company will extend its influence into East Africa, contributing to regional growth and youth empowerment.
Transforming Lives Through Collaboration
“We are delighted to partner with Lugarawa Youth Foundation and support their mission of youth empowerment and innovation. Together, we will work on sustainable projects that not only transform lives in Tanzania but also create scalable models that can inspire other regions in Africa and beyond,” said Rasha Almasri, Media Relations Manager at FasterCapital.
Lugarawa Youth Foundation currently operates across Tanzania Mainland, with offices in Njombe and a branch in Peramiho Village, Ruvuma Region. The foundation focuses on empowering young people through skills development, entrepreneurship, education, healthcare, and environmental initiatives.
A Major Milestone for LYF
This partnership with FasterCapital represents a major milestone in advancing LYF’s mission and expanding its reach to thousands of youth across Tanzania. The collaboration emphasizes innovation, accountability, and long-term impact, setting a strong foundation for mutual success.
About Lugarawa Youth Foundation (LYF)
Lugarawa Youth Foundation is a registered non-profit organization in Tanzania, dedicated to youth empowerment, community development, healthcare, environmental conservation, and entrepreneurship. Since its establishment, LYF has impacted communities in Njombe and Ruvuma Regions, equipping young people with skills and opportunities to build a sustainable future.
About FasterCapital
FasterCapital is a global investment and incubation platform based in Dubai, UAE. The company supports startups, entrepreneurs, and social enterprises worldwide by providing funding, incubation, mentorship, and networking opportunities. FasterCapital works with organizations and founders to build scalable, impactful solutions across diverse sectors.
Media Contact
Rasha Almasri
Media Relations Manager
FasterCapital
Grandstand, 0612, 6th Floor, Meydan Freezone, Meydan Road, Nad Al Sheba, Dubai
Phone: +1 (512) 400-0256
The Importance of Youth Empowerment
Youth empowerment is crucial for the development of any nation. In Tanzania, young people represent a significant portion of the population. By investing in their skills and potential, we can create a brighter future for everyone. This partnership with FasterCapital aims to harness the energy and creativity of Tanzanian youth, providing them with the tools they need to succeed.
Sustainable Innovation in Tanzania
Sustainable innovation is at the heart of this partnership. By focusing on areas such as technology and environmental conservation, we can ensure that the solutions we develop are not only effective but also sustainable. This approach will help to combat climate change while creating jobs and improving the quality of life for many.
Conclusion
The collaboration between Lugarawa Youth Foundation and FasterCapital marks a significant step forward in empowering the youth of Tanzania. Together, we will work towards creating impactful solutions that address the challenges faced by young people today. This partnership is not just about funding; it's about building a community of innovators who can drive change and inspire others.
With the support of FasterCapital, Lugarawa Youth Foundation is poised to make a lasting impact in Tanzania and beyond.
Romanus Aidan Mgimba
Founder and Director
Lugarawa Youth Foundation
+255752379378
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