15 December 2012

Uganda: Telecommunication Firm Trains Entrepreneurship Skills

Warid telecom has trained and passed over 500 young entrepreneurs in business skills as part of its corporate social responsibility. The program is also part of its Sh1billion youth Entrepreneurship program launched recently.

The Abu Dhabi based mobile telecommunication investment firm recently announced Sh1billion entrepreneurship fund intended to support the youth to do business and improve their welfare while fighting the unemployment problem.

The five day training took place at a local secondary school in a Kampala suburb which saw 25% of the participants being females. The telecom firm plans to train and pass out a total number of over 2, 000 across the country.

The firm's Chief Executive Officer, Sriram Yarlagadda said: "Through this program we will not only identify and train young entrepreneurs but also give them starting capital and mentor them through their formative years."

The passed graduates are encouraged to apply for funding from the firm's entrepreneurship program to start business and have a better future. They will be supported with the amounts ranging from Sh500, 000 to Sh5, 000, 000 as capital to start or invest in business.

Because of its contribution towards supporting the young entrepreneurs, the firm's CEO was recently invited to attend a meeting with the Prince of Wales at Clarence House in London. The meeting was arranged by the Prince's Youth Business International (YBI) which is one of the strategic partners involved in the Warid Entrepreneurship Fund.

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