Presentation AYEDA final slides
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The document discusses the African Youth Entrepreneurship Development Alliance (AYEDA), an organization established to support African youth interested in business. It notes that Africa's youth population is growing rapidly but faces high unemployment rates, and many small businesses fail within 3-4 years. However, Africa shows potential as an investment destination due to its large market and economic growth. AYEDA aims to foster youth entrepreneurship through business mentoring and connecting African youth to investors. Its goal is to promote entrepreneurship as a path to sustainable development and economic prosperity in Africa.
Presentation AYEDA final slides
- 1. AFRICAN YOUTH ENTREPRENUERSHIP DEVELOPMENT ALLIANCE AYEDA PRESENTED BY EDDISON SHUMBA 12 - 2015
- 2. Background. #thesituationrightnow According to the UN report, nearly half of the entire African youth population is under the age of 18, the population is set to double by 2050 reaching 2.5 billion. Africa is on the brink of a “youth bulge” So what does the future hold for Africa’s youth? OECD (2015), Youth unemployment rate in Africa indicated at over 50% According to South Africa's small development agency (2013), total entrepreneurship activities for south Africa's small to medium enterprises of less than 42 months were 9.1% (loosely translated 9.1% of the population in SA are starting businesses) but these are only for businesses who are three and half years old. For enterprises who are 42 months and above, that same index drops down to 2.9%. This depicts that in SA (and African continent at Large), the fatality rate for small business enterprises is high. In Africa the youth have been given so much excitement that they can build their own businesses, Unfortunately after 42 months the business are no-more. What do we do next?
- 4. Africa as an investment case not a basketcase Africa can be described as the best-kept secret. Africa, as a whole, has been growing by 5.5 per cent a year for the past decade and has been sustainable. ‘The hopeless Continent’has become the next investment frontier. The continent has become the second most attractive investment destination in the world – ranking just behind North America — as investors are looking beyond the more established markets of South Africa, Nigeria and Kenya. Increased investment and industrialization will help to unlock the potential for job creation and poverty reduction in African countries. market of billions of people, including a growing middle class Over the past ten years, the general trend across African governance is positive. We have seen a marked decline in conflicts, sustained economic development, and significant gains in Human Development. We are more peaceful, prosperous, healthy and well-educated than at the turn of the millennium.
- 5. Ayeda : as the way forward. Why ayeda? AYEDA is a non-profit international organization. A team of Business mentors that was established as a platform for African youth interested in business to network and learn about resources for starting and growing business in Africa. The organization works with various governments, financial sectors, and private equity investors in a bid to encourage entrepreneurship in Africa. The organization thrives to mobilize youths to value entrepreneurship as a sustainable developmental tool that can see Africa’s economy prosper. Our developmental goal is to foster youth entrepreneurship development in Africa through business mentorship and bringing together African youths and world investors to network thereby necessitating entrepreneurship resource mobilization in Africa .We contemplate that Entrepreneurship prosperity is a function of financial capital, social capital and real assets. As an organization we thrive to bring those four functions together. Our vision is to see Africa as the No 1 Investment destination in Africa.
- 6. WHY AYEdA We took it that encouraging entrepreneurship spirit is not enough but rather entrepreneurship development is important. Assisting small to medium enterprises through direct engagements and business mentoring. Undertaking research on various challenges faced by small to medium development enterprises (SMEs) Assisting young entrepreneurs in undertaking Investments pitch. Assisting entrepreneurs in drafting business proposals, business modelling, strategy etc. Mentorship in business and leadership skills. Imparting knowledge on available capital raising strategies. Mentoring primary school children, matric or high school students on the value of entrepreshuership through AYEDA inspirational talks (AIT)and various youth community engagements programs. AYEDA investment Network (AIN) – a platform that can see African youth network with various world investors.
- 7. AYEDA believes that : Each generation must discover its mission, fulfill it or betray it, in relative opacity.” ― Frantz Fanon, The Wretched of the Earth Ours is Entrepreneurship development in Africa