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Youth

Partnership to Empower Youth Entrepreneurs in Ethiopia

Strategic Insights

— 1 min read

The Mastercard Foundation and the Ethiopian Youth Entrepreneurs Association (EYEA) have formed a partnership to pilot the Enable Youth Entrepreneurs in Ethiopia (EYE) project, aiming to provide customized entrepreneurship development training for 50 young innovators from five university incubation centers. This initiative aligns with the Mastercard Foundation's Young Africa Works strategy, focusing on empowering African youth-led organizations. The EYE project aims to strengthen EYEA's organizational capacity and drive a mindset shift among young people, parents, and the entrepreneurship ecosystem in Ethiopia.

Key Takeaways:

  • The Enable Youth Entrepreneurs in Ethiopia (EYE) project will provide customized entrepreneurship development training for 50 selected youth innovators from five university incubation centers in Ethiopia.
  • The project aims to equip participating young people with the right skills in entrepreneurship to develop competitive businesses and secure funds or investments from angel investors and financial service providers.
  • The Mastercard Foundation's Young Africa Works strategy guides the partnership, focusing on empowering African youth-led organizations.
  • The Ethiopian Youth Entrepreneurs Association (EYEA) has the potential to reach and create a strong partnership with many local youth-led organizations and enterprises, as well as marginalized young people.
  • The partnership will play a great role in encouraging the establishment and strengthening of many more youth-led organizations that support employment for young women and men in Ethiopia.
  • The EYE project will enhance the organizational capacity of EYEA to become a leading youth-led institution driving a mindset shift among young people, parents, and the entrepreneurship ecosystem in Ethiopia.

Statistics:

  • 50 young innovators will receive customized entrepreneurship development training through the EYE project.
  • The training will be provided to selected youth from five university incubation centers in Ethiopia.
  • The Mastercard Foundation's partnership aims to drive a mindset shift among 100,000 young Ethiopians, supporting job creation and dignified lives for young women and men.

Sources:

  • Mastercard Foundation (https://mastercardfdn.org/ethiopia/)
  • Ethiopian Youth Entrepreneurs Association (EYEA)
  • AllAfrica Global Media (allAfrica.com)

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