Promote Youth Entrepreneurship in Africa

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Summary

TechnoServe is helping a pool of young, future entrepreneurs in Swaziland create successful businesses that will generate economic growth and employment in this poverty-stricken nation. progress reportread updates from the field

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More Information About this Project

Project Needs and Beneficiaries

The burden of turning around Swaziland’s economic fortunes rests on its youth. In Swaziland, 50% of the population is under the age of 19. Unemployment rates are nearly 50%. The dominant local export industries--textile, sugar cane, and mining--are declining due to global competition. Annually over 10,000 school leavers attempt to join the already-flooded labor market that can absorb less than 2,000 new entrants into the formal employment economy.

Activities

TechnoServe is implementing a youth entrepreneurship program aimed at developing young people’s business skills. Currently we are piloting the program in secondary schools, and will eventually roll out the program to nearly 7500 students.

Funding Information

Total Funding Received to Date: $245
Remaining Goal to be Funded: $49,755
Total Funding Goal: $50,000

Additional Documentation

This project has provided additional documentation in a Microsoft Word file (projdoc.doc).

Resources

Why this Project is Important

Potential Long Term Impact

TechnoServe’s youth entrepreneurship program will create an entrepreneurial culture among Swazi youth and will push students to seek further education and/or start a business.

Project Message

“The activity in business ethics teaches me more about life and how to live my life. These are things like honesty, responsibility. All these basics make human beings prosper in life”
- Student, Youth entrepreneurship program

Who is Running This Project

Contact

Jessica Joye,
Marketing Communications Coordinator
1800 M St NW
Ste 1066 S Tower
Washington, DC 20036
United States
202-785-4515
Email:

Project Sponsor

TechnoServe

Organization

TechnoServe
1800 M St NW
Suite 1066 S Tower
Washington, DC 20036
United States
202-785-4515
http://www.technoserve.org

Learn more about TechnoServe and the project team.


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Where this Project is Located

Country

This project is located in Swaziland and can also be found under Microfinance.

For more information about Swaziland, read the Human Development Report on Swaziland or the Wikipedia entry for Swaziland.

When this Project was Updated

Last Updated

This project was last updated on December 13, 2007.

Date Added to GlobalGiving

This project was added to the GlobalGiving project catalog on December 08, 2006.

Latest Update from the Field

2007 SAYE activities

By Jessica Joye - Marketing Communications Coordinator, December 13, 2007 05:57 PM

TechnoServe has begun designing, developing and introducing its School Age Youth Entrepreneurship (SAYE) program to secondary schools around Swaziland. In 2007, TechnoServe partnered with Junior Achievement (JA) to use their curriculum and methodology in the schools. We have also developed a network of partners, volunteers, job shadow hosts and financiers to support SAYE.

In partnership with JA, TechnoServe is implementing several exciting projects: the JA Economies for Success, which introduces economic concepts, personal finances and budget management skills; JA Company, a project where students create their own company; JA Expo, a mini-business plan competition; and Job Shadowing, where students participate in two to three day internships with local businesses.

Economies for Success was piloted in October 2006. Since that time 100 youth from eight secondary schools have participated. The Company program was launched in June 2007, with participation from 16 schools involving 400 students. The 16 businesses started as a result of the program generated E 43,000 in revenues. The Expo awarded prizes for various awards including; best overall business performance, highest sales, best CEO, and best product/service to the participating businesses.

With additional support from various donors the SAYE program can reach its goal of training over 7,500 students across Swaziland in the next 3 years.

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