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Entrepreneurship Development in Rural Areas

Year of publication 1997

Pages 131

Product type Book (stand-alone)

Category Technical book

Edition 1

Synopsis (short abstract) Entrepreneurship Development in Rural Areas

Language English

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    The collapse of the banana industry in Saint Vincent and the Grenadines led to high unemployment, particularly in rural areas, with national and rural unemployment rates at 13.3 percent and 13.7 percent respectively. Youth unemployment is even higher at 26.7 percent and 28.6 percent. Despite this, the underutilized agricultural and fisheries sectors offer potential for self-employment. However, young aspiring entrepreneurs face significant challenges in starting agribusinesses, such as difficulties in accessing land, facilities, equipment and capital.
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    Promoting Decent Rural Youth Employment and Entrepreneurship in Benin, Cameroon, Malawi and Niger - GCP/RAF/494/MUL 2021
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    Africa may not reach its transformation goals, as defined in Agenda 2063, without fully harnessing the demographic dividend through investments in youth. While youth currently constitutes approximately 40 percent of the working age population, over 60 percent are unemployed. Although Africa has policies and programmes to tackle unemployment among rural youth, the different policies at both continental and national levels do not adequately address the challenges in a holistic and coherent manner. Rural youth need customized training models and curricula, given that most of them have not had the opportunity to obtain quality education and training. Policy interventions are also required to create opportunities for them. Against this background, the project aimed to create job opportunities for rural youth in agricultural value chains, and to support and facilitate preferential entry and participation for young women and men in gainful and attractive agribusiness opportunities. The project focused on four countries: Benin, Cameroon, Malawi and Niger.
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