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Youth Entrepreneurship as Pathway to Africa’s Development: The GAIN Experience

Article by Grand Africa Initiative (GAIN)

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Chinwe Okoli, Executive Director of GAIN
Chinwe Okoli, Executive Director of GAIN

The greatest asset of any nation is a well-educated and empowered youth. The youth are enthusiastic, curious, creative and innovative.

At this stage, they have the capacity and tenacity to pursue their dreams and attain great heights, however, guidance is important to how this creativity is unlocked. In Africa, young people face a number of challenges, including high levels of youth unemployment.

Youth unemployment inhibits sustained economic growth and development especially in developing countries. In the report on “Global Employment Trends for Youth” by the  International Labor Organization (ILO) published in 2015,  over 169 million working young people earn less than US$2 per day in developing countries. Africa’s youth population is the youngest in the world and is expected to double within the next decade. This will pose a major problem in Africa if nothing drastic is done to tackle the high unemployment rate and its dire consequences.

The African Development Bank (AfDB, ) in its report, Jobs for the Youth in Africa(2016), predicted that 263 million young people will lack an economic stake in the system by 2025. The World Bank in its April 2022 “Update on Global Poverty and Inequality Platform” states that sub-Saharan Africa accounts for 61.3% of the global poor population, that is, those that live on $1.90 per day.

Youth unemployment has contributed immensely to a rise in poverty, terrorism, insecurity, banditry, kidnappings, political thuggery, civil unrest, cyber-crime and many social vices we witness in Africa today. These challenges slow the pace of development and the achievement of the Sustainable Development Goals on the continent.

Entrepreneurship has been shown to be the only sustainable path to resolving this situation. Young people in Africa mostly operate within the micro to small business space and Entrepreneurship provides young people with the necessary skills and experiences to thrive economically and contribute to development of the continent.

However, to achieve this noble continental goal, they need to be groomed to acquire entrepreneurship skills to build and most importantly to scale their businesses across Africa, taking advantage of the consolidated over one-billion-persons market and beyond. 

This is exactly the objective of the GAIN Entrepreneurship Masterclass by Grand Africa Initiative (GAIN).

This Masterclass, now in its second year, has been able to reach young Africans in thirteen countries. To ensure an all- round practical entrepreneurship training, the 2021 edition focused on business ideation, design thinking, business modeling, pitching, business finance, investment, forecast, leadership, communication marketing etc and had facilitators drawn from across the globe. Partners included ExxonMobil, TYSYS Capital Group, Country Hill Attorneys & Solicitors, Vurin Group, Strickland Services Limited, Nextzon Limited and Weltek Limited.

The success of this novel approach is already on display. Over the past six months, we have received testimonials on how the program has impacted the businesses of the pioneer participants.

With feedback ranging from clarity of ideas, ideas conception, boosted confidence, actual startups, expansion, more revenue etc. It has been a harvest of positive testimonials from almost 95% of the pool.

One other critical component of the GAIN Entrepreneurship Masterclass was the “tool box” support provided by collaborating partners to the participants by way of IT starterpacks and/or business grants.

Clearly, with the high level of  youth unemployment and underemployment, Africa is on the verge of a major developmental crises, the effects are already here with us-banditary, illegal migration, political thuggery, and terrorism.

Prior to now, African youths who do not have the privilege of attending high-brow business schools on the continent and abroad have largely struggled, leading to a very high mortality rate of micro to small businesses led by young Africans.

GAIN identified this gap and launched the GAIN Entrepreneurship Masterclass solving the twin problems of lack of entrepreneurship knowledge and business support grant.

The program is already showing a lot of promise and is growing into a major continent-wide pipeline for churning out properly groomed young African Entrepreneurs.

Grand Africa Initiative-GAIN is a pan-African non-governmental organization empowering the youth for success in education, employment, entrepreneurship and innovation through capacity building programs, mentorship and high-level annual youth summits.

With her fast-growing network of forward-thinking youths across Africa, GAIN’s programs are designed to empower and develop the youths.

GAIN also partners with well-meaning individuals and organizations who share the same goals and objectives.

GrassRoots.ng is on a critical mission; to objectively and honestly represent the voice of ‘grassrooters’ in International, Federal, State and Local Government fora; heralding the achievements of political and other leaders and investors alike, without discrimination. This daily, digital news publication platform serves as the leading source of up-to-date information on how people and events reflect on the global community. The pragmatic articles reflect on the life of the community people, covering news/current affairs, business, technology, culture and fashion, entertainment, sports, State, National and International issues that directly impact the locals.

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Education

Pastor Chris Oyakhilome Launches a Tuition free School for the less privileged kids in India – Photos

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The founder of the Believer’s Loveworld Corporation, Also known as the Christ embassy church has launched a Tuition free School in India.

Pastor Chris Oyakhilome

The Chris Oyakhilome Foundation in cooperation with the Loveworld Inner city Mission for Kids has taken it upon herself to help Children who are not opportuned to Have a sound education around the world. The School is called THE INNER-CITY MISSION SCHOOL, And some are open and functioning in some states in Nigeria like in Lagos state already.

The school functions with the following benefits,

▪️Free Tuition with Quality education including computer training and all sought of skill acquisition program etc

▪️Free Daily meals for all students.

▪️Free transportation for students (school buses)

▪️School excursions for proficient learning ▪️Free school uniforms, books and learning materials etc. Here are some pictures of the newly admitted pupils in India.

newly admitted pupils
Newly admitted pupils
Newly admitted pupils
Newly admitted pupils

A big thanks to the Man Of God, Rev Chris Oyakhilome and his Partners for their support to ensure that indigent & excluded children have a chance at getting a quality education.

READ ALSO: Only Useless Women Ask For Transport Money – Pastor Mildred Okonkwo

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Education

Enugu State WAEC Graduants Celebrates Against All Odds

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Due to the threatening situation of the insecurity in Nigeria, The federal government in Abuja mandated all schools in supposed sit of power all over the states to close abruptly for the fear of bandits.

However, The Post Primary School Management Board (PPSMB) in Enugu state, Under the Chairmanship of a very dynamic and resourceful achiever Mrs Favour Adaeze Ugwuanyi Mni, Was able to host the first ever Waec graduants party in the state with over 5000 teenagers in attendance who had successfully written the exams.

She had the wife of the Governor, Her Excellency Mrs Monica Ugwuanyi and other important dignitaries in attendance. Here are the pictures from the event.



													
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Education

Anambra State Government lists over 1000 unapproved private schools that may be shut down in the state

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Anambra State Government Has Listed Over 1,000 Unapproved Private School Operating in the State. Hence they have advised Parents to Withdraw their Children from those Schools Immediately.

The list of unapproved schools in Anambra State has been made public by the Ministry of Education. The under-listed schools are not authorized to function in the State and are, as a result, now declared to be public information.

By doing this, pupils and students in these schools run the risk of being barred from participating in any State or federal exams, including the Transition Placement Exams, First School Leaving Examination Exams, Basic Education Certificate Exams (BECE), Senior School Certificate Exams (WAEC/NECO), etc.

Owners of such schools are recommended, for their own benefit, to register their establishments and adhere to the procedures for school inspection. Parents are hereby advised to immediately withdraw their children from these schools. They should come up with alternative plans to enroll their kids in the state-approved schools. Here are some names of the schools listed.

Schools listed for closing
Schools listed for closing

See more of the Unapproved Schools: https://bit.ly/3olcXpG

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