offers innovative solutions for economic growth among young people. But youth
enterprise initiatives are still relatively new to global development. How can
programs and projects best support
sustainable youth entrepreneurship development?
Youth unemployment is
one of today’s big global challenges. The World Bank estimates that we need 600
million new jobs in the next 10 years just to keep global employment rates
constant and according to the International Labor Organization, 73.3 million of
the world’s unemployed are young people (about 36%). Add ‘under-employed’ youth
to this and the number triples; over 169 million young people earn less than
US$2 per day. The problem is even greater in rural communities where increasing
migration to urban areas around the world means a higher concentration of rural
Demographic pressure and the youth bulge in the developing world pose a major employment challenge. This situation is exacerbated by insufficient job creation, scarce formal wage, poor policies for startups and vulnerability in the workplace. For these reasons, fostering youth entrepreneurship has gained importance in the global and national development policy agenda.
Youth Entrepreneurship is a vital ingredient for the development and sustainability of every society.
YOCA’s Future young Entrepreneurship program aims to develop new skills and experiences, Trainings and capacity building, promote innovation and ideas incubation, and resilience in youth.
As of January 2020, YOCA will be Unlocking the Potentials of Youth Entrepreneurship in Africa.
*First edition of the annual Innovative business plan contest for youth Entrepreneurs where best pitch are selected for sponsoring, mentoring and follow up.
*YOCA’s digital Entrepreneurship Empowerment center .
*YOCA’s bi-monthly Workshops and seminars to inspire young entrepreneurs
*YOCA’s weekly e-news letter Captioned “How to start and run a business”
However, the challenges are very enormous and the resources are too few, these premier programs will ignite and rekindle the power of young entrepreneurship in Africa.
We believe in Positive youth development which is an intentional, pro-social approach that engages youth within their communities, schools, organizations, peer groups, and families in a manner that is productive and constructive; recognizes, utilizes, and enhances youths’ strengths; and promotes positive outcomes for young people to exploit.