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Accelerating Youth Innovativeness for Africa's Development: A Path to Entrepreneurship and Financial Inclusion

Explore the vibrant entrepreneurial spirit in Africa and the role of youth in agriculture and entrepreneurship. RUFORUM's initiative, AYIF-Africa, aims to support African university students in business incubation, enterprise development, and financial inclusion to drive innovation and entrepreneurship. Join the discussion on youth empowerment, technology vs. social entrepreneurship incubation, financial inclusion, university models, and unique approaches for Africa's development.

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Accelerating Youth Innovativeness for Africa's Development: A Path to Entrepreneurship and Financial Inclusion

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  1. Accelerating youth innovativeness, entrepreneurship and financial inclusion for Africa’s development

  2. Entrepreneurship-regional context • Vibrant entrepreneurial spirit in Africa but with many uncertainties

  3. Figures: The distribution of the youth as potential, intentional, entrepreneurs and non-entrepreneurs in sub-Saharan countries, 2013

  4. Youth in agriculture Percentage of youth businesses per sector, by gender, sub-Saharan Africa, GEM 2013 Actual job creation by popular sector, sub-Saharan Africa, 2013

  5. Where can youth play a role--- e.g. expanding the use of machines

  6. Broader opportunities in agriculture for youth entrepreneurship • Agriculture has opportunities for youth in modern off-farm opportunities

  7. Role of universities Universities have a key function to drive innovations that stimulate entrepreneurship and facilitate transitions to meaningful agribusiness

  8. RUFORUM’s experience

  9. A new Initiative for Africa

  10. Empowered African youth With diverse opportunities Accelerating youth innovativeness, entrepreneurship and financial inclusion for Africa’s development (AYIF-Africa)

  11. Support establishment of 20 (10 science, technology and innovation and 10 social-enterprise incubation hubs) incubation hubs in African Universities to support advancement of business incubation, acceleration and entrepreneurship. • Support at least 5000 African University students in entrepreneurship, enterprise development and innovation acumen development • Support at least 1000 African students business start-ups through the Students Enterprise Scheme (SENS) for acceleration • Provide student start-up entrepreneurs with business and entrepreneurship mentorship skills and enhanced capacity building to stay in business beyond the second birthdate

  12. Discussion issues • What is a new direction for youth empowerment in Africa • Technology incubation vs social-entrepreneurship incubation, why way forward? • Financial inclusion; how do we facilitate youth participation? • What is the type of the university that can deliver these aspirations? • Any models of reference that can work and how do we design a unique approach that works and can be a reference for the continent?

  13. Visit Our Website: www.ruforum.org Visit Our Blog: http://blog.ruforum.org/ Email Us: secretariat@ruforum.org Like Us on Facebook: ruforumnetwork Follow Us on Twitter: ruforumsec

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