PRESS RELEASE

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.

“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.

“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.

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 AlmasriMedia Relations ManagerFasterCapitalGrandstand, 0612, 6th Floor, Meydan Freezone, Meydan Road, Nad Al Sheba, DubaiEmail: rasha.almasri@fastercapital.comPhone: +1 (512) 400-0256