Malawi Youth Council aims to raise K1 billion for young entrepreneurs – Malawi Nyasa Times

The chief executive of the National Youth Council of Malawi (Nycom), Dingiswayo Jere, has challenged the country’s youth to embrace entrepreneurship over white-colored jobs in the wake of high unemployment.

Jere presenting certificates to participants of a financial literacy training for young people aimed at imparting business skills at the Mzuzu Entrepreneurship Centre.
Participants in a financial literacy training for young people aimed at imparting business skills at the Mzuzu Entrepreneurship Centre.

He made the call to Mzuzu during a financial literacy training for young people aimed at imparting business skills at the Mzuzu Entrepreneurship Center.

Jere said it is high time young people forget that the unemployment situation is improving because even if the government employed all unemployed young people, there would be no work for them in the offices.

“Let me be honest, there aren’t enough office jobs to close the current unemployment gap because the demand is just too high,” he said.

Jere said the Nycom Youth Basket Fund, which seeks K1 billion to support young entrepreneurs, has so far raised K30 million and trained 670 young entrepreneurs.

“As a young person, you cannot wait for the government to employ you because there are no jobs. The government can employ you all today, but you will be sitting in offices doing nothing.

“You see these interns that the government employs, most of them do next to nothing; they just sit in offices because they don’t have work to do in those offices,” Jere said.

Jere said his organization wants young people to learn entrepreneurial skills and create jobs.

He implored the youngsters to take a step forward to invest in their abilities now because later on it might be difficult for them.

, Jere said access to finance is a major challenge for young entrepreneurs; therefore, his organization is discussing with commercial banks to offer tailored loans with lower interest rates for young people.

“We have also worked with the Malawi Enterprise Development Fund to have bespoke youth products which have now been launched,” he said.

A youth from the Appause organization in the city, Vanessa Nyirenda appreciated the Youth Council for organizing the training which she said brought a lot of information on financial management.

She asked the Council to consider increasing the number of participants in similar trainings so that more young people in the region benefit from them.

The training took on board 20 young people from different youth organizations within the city participate.

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