BUILDING A CULTURE OF ENTREPRENEURSHIP
BUILDING A CULTURE OF ENTREPRENEURSHIP FOUNDED ON SKILLED
MANPOWER
1. INTRODUCTION
a. Youth unemployment is one of the principal social and economic
challenges of this decade around the world. Long spells of unemployment
can have serious long-term effects for individuals, such as reduced
earnings and social exclusion.
b. Economic hardship coupled with lack of opportunities to meaningfully
participate in the society puts youth at risk of long-term social exclusion;
this compromises countries’ social cohesion and can lead to political
instability.1
c. Although youth may not seem like a likely group for entrepreneurship
because of their inexperience and lack of finances, they do have an interest
in entrepreneurship and many of them believe that self-employment is
feasible. The Aga Khan University in Kenya conducted a survey in 2015
across Kenya on attitudes of the Youth in a range of attributes including
entrepreneurship. They found out that the majority of the youth would like
to start their own business, rather than pursue careers in law, teaching,
medicine or engineering. They were largely positive and optimistic about
the future and were confident that it will be more prosperous, offering more
jobs and better access to health and education.
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Talking Points- Skills Development
