The entrepreneurship, leadership and business training project aims to equip young people in 12 departments in the Republic of Congo with tools and practical skills. We have a partner: Franklin Coevy who provides us the training material. We have identified more than 1000 young people who want to train in these 3 areas to be ready to start their own business. We are seizing this demand to promote entrepreneurship culture in our country and in Africa. To reduce the unemployment rate.
In the Republic of Congo, there is more than 40% of the youth unemployment rate. This rate is due to the mismatch between training and demand in the labor market. Young people coming out of universities do not have practical skills to be recruited by companies which are looking for qualifying staff on the one hand and young people cannot also start their own business because they are not sufficiently trained on the other hand. We want to fill in the gap but providing practical training.
The leadership, entrepreneurship and business training program aims to equip 1000 young people each year with the necessary tools and practical skills that will enable them to build their capacity, to inspire and prepare them to business creation. We want to train them and also encourage them to create their business by organizing an annual competition that will allow the winner to obtain a fund for his business.
In the next 3 to 5 years we will have trained 3000 to 5000 young people in entrepreneurship, leadership and business. We will have funded at least 3 to 5 projects. We believe that out of the 3,000 to 5,000 young people trained, at least 10% will be able to start their own business, which means that we will see the creation of 300 to 500 new businesses, which will reduce poverty in the country. We want to engage these new businesses in a Mentoring program for continuing education.
