SMALL BUSINESS AND ENTREPRENEURSHIP CENTER (SBEC) WEBINARMarch 1st 2024, 03 :00 pm (Cameroon Time)
Background
“Youth unemployment is a time bomb”(Alexander Chikwanda, former Zambian Minister of Finance), this quote alone explains the importance attached to the fight against youth unemployment and underemployment by African governments. According to the World Bank, young people account for 60% of Africa’s unemployed. In Cameroon, the unemployment and underemployment rates are reported at 3.3%, based on the National Institute of Statistics (INS) Third Survey on Employment and the Informal Sector in Cameroon (EESI3) conducted in 2023, with an overall working population of 54.2%. Within this working population, 50.9% are employed, while the underemployment rate has already reached 65% (INS, 2021).
Entrepreneurship is one of the possible solutions to this problem, given the limited capacity of African governments, including Cameroon, to absorb the majority of young people into the civil service. Furthermore, entrepreneurship plays a crucial role in alleviating poverty. However, the process of business creation and development with the aim of reducing unemployment and underemployment in the country requires an enabling environment that provides sufficient physical, financial, human, informational and relational resources and ensures their quality and quantity. The SBEC Department of the Denis & Lenora Foretia Foundation is organizing a webinar on this topic with the aim of strengthening the entrepreneurial ecosystem in Cameroon to play its part in reducing unemployment and underemployment, under the theme: Entrepreneurship, Stakes and Challenges in Reducing Youths Unemployment and Underemployment in Cameroon.
Objectives
The main objective of this webinar is to strengthen Cameroon’s entrepreneurial ecosystem to better address youth unemployment and underemployment. The specific objectives are as follows:
Outline strategies to overcome the challenges of entrepreneurship development in Cameroon
Promote youth entrepreneurship and self-employment
Evaluate the effectiveness of existing policies for the fight against unemployment and underemployment of youths in Cameroon.
Target audience
This event is open to Students, Entrepreneurs, Public and Private SME Support Structures, Civil Societies, Policy Makers, Financial Institutions, Investment Promotion Institutions, International Organization for Cooperation and Development, Business Consulting Firms and the general public.
Contact
Email: [email protected] / Tel: (+237) 22 31 15 84 / 654 86 72 54
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