150 young entrepreneurs for capacity building

On 16 October 2017 at 03:50

A total of 150 Rwandan entrepreneurs running small businesses are set to benefit from a 6-month capacity building programme in business development, under the auspices of University of Rwanda and These Numbers Have Faces, an organization that empowers African youth entrepreneurs.

The programme aims at supporting youth entrepreneurs into building competitive bankable ideas and businesses that impact development.

The founder of the organization, Justin Zoradi said they target to promote young entrepreneurs into businessmen of vitality, contributing to the meeting of national development goals. “We need entrepreneurs who are ready to acquire new skills.

The beneficiaries will get trained in four entrepreneurship components in four months. On graduation, we shall invite different investors from across the World and encourage them to invest in these projects,” he said.

He said that Rwanda is prioritizing attraction of new investments and her youths’ thirst for entrepreneurship should be quenched through innovativeness to foster job creation.

The 150 projects were selected under the programme dubbed ‘Accelerate Academy’, where 350 projects of youth aged between 18 and 32 competed.

Copin Fabrice Bien Aimé, an online-based businessman said that during first days, he has been able to understand and explain clearly his business idea to the group.

“First of all, it is important to understand your business, how you operate it, budgeting, planning and be able to explain your business to a client or investor,” he said.

The Musanze District based basket (agaseke) weaver, Souzane Murekatete said that she has been able to understand the value chain, setting prices and good resources management.

“Take an example; I didn’t know how much it costs me to put one basket on the market, but after considering invested time and raw materials I use, I realized that it costs me Rwf10,000. So, I need to know the price I should set to be able to earn a profit and pay taxes,” she explained.

The last session of this programme ended in June this year by selecting eleven projects engaged in shoe making, food processing and tourism related businesses. All business in total gained a boost of $26,000.