The Stanbic Bank Business Incubator Accelerate Centre launched in
Speaking at the launch, Minister of Investment, Trade and Industry Ms
The intension, she said, was to improve young people's employability status and to help them implement their ideas for wealth creation and the country's economic development.
Acknowledging that business reforms in the country had been slow, she said
Among them was the long awaited review of
He said the incubation platform was part of the bank's social economic and environmental value driver strategy linked to the wellbeing and prosperity of the societies in which the bank was operating.
Quoting statistics, he said 10 per cent of 20 000 new graduates annually could not find a job in the formal sector while 30 per cent who dared to start enterprises faced a failure rate of 30 per cent.
According to
Brastorne managing director, Mr Martin Setimela, said youth for youth to succeed in business, they should acclimatize themselves with failure . Mr Setimela said banking and finance institutions locally were too risk adverse and seldom funded business innovations which he said limited the growth of youth entrepreneurship in the country.
He expressed gratitude to
Source : BOPA
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