Unemployment is one of the most serious problems facing the African continent, affecting especially the youth who cover close to between 60% and 70% of the continents population. The response of the Association of African Entrepreneurs is to educate and provide a range of services to enrich the lives of young entrepreneurs
Young African entrepreneurs CAN be an essential component of Africa’s wealth creation. They could help grow prosperity in African communities. They CAN be part of the solution to alleviating poverty. They are a vital piece of a puzzle that cannot be completed by government and international NGOs alone. However, for young entrepreneurs to achieve this success it is necessary to foster a productive space: one in which information is freely available and cooperation is widespread and encouraged.
AAE is partnering all territorial actors in designing new and durable solutions to the youth employment challenge by offering local support and E-Coaching Programs. Current actors include the Youth Employment Network (YEN), Zidisha Microfinance, UN Online Volunteering Program amongst others. The YEN program matches internationally experienced mentors to young entrepreneurs (YEs). Zidisha offers offer microlending to young entrepreneurs to start or expand a business.
These variety of support and co-operation activities could help businesses grow, compete, and internationalize : empowering young entrepreneurs to contributes to Africa’s social and economic development on a long-term basis.