Over 6,000 youth currently unemployed will be counted among local young entrepreneurs courtesy of a partnership spearheaded by Warid Telecom, Enterprise Uganda and Youth Business International (YBI) to aid the flow of business knowledge across the country.
The initiative aimed at aiding young entrepreneurs understand and grow businesses is funded by Warid to the tune of sh1b in the first phase, YBI will support beneficiaries' mentorship programs while Enterprise Uganda will execute its usual mandate of inculcating Business and Enterprise Start-up Tool (BEST).
According to the Enterprise Uganda executive director Charles Ocici, the program will take on 1,000 youth who will be offered the knowledge resources to establish and sustain viable businesses.
"We are looking at training 1,000 people, optimistic that the training impact will help these people grow their businesses and we expect that in the following two years, the direct beneficiaries will have employed other people (indirect beneficiaries) at an average of two per person," he said.
Enterprise Uganda is currently identifying beneficiaries ready to undergo a series of the one-week business and entrepreneurship training clinic to help them appreciate and prepare to cope with the challenges of joining the private sector as entrepreneurs.
Warid donates sh1 on every fully paid minute, sh5 on every new SIM card purchased and registered, sh5 on every Voice call, SMS, data packages purchased and sh5 on every monthly Caller Ring Back Tone purchased.
"At Enterprise Uganda, supporting the growth of entrepreneurship is what we live for; it's our humble pledge to the partners and the general public that we shall leverage our decades of expertise in business training to effect this development-focused initiative," he said.
Through the hands of Enterprise Uganda, over 6,800 people underwent BEST training in 2011/12, and over 40,000 Ugandans have been trained in the last 10 years, with the creation of more than 35,000 direct jobs.