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, Vurin Group, Country Hill Attorneys & Solicitors, 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
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