The African Development Bank (AfDB) has provided entrepreneurship training to 129 youth in Liberia’s agriculture value chain to encourage young entrepreneurs to embark on agribusiness.
“You are not here by mistake, Liberia has to diversify its economy and agriculture is the sector we have to look for, this is the reason why you are here,” said Charles N’Tow, the Minister of Youth and Sport in Liberia told participants who turned up in dozens to receive the training.
It is hoped that the training will change their mindset and perception of agriculture and give them the necessary tools to become successful agripreneurs.
The training is part of AfDB’s support to Liberia’s agriculture sector. In 2016, the Bank sponsored a study trip to Nigeria for the Minister of Agriculture and Minister of Youth and Sports to learn from the country’s experience on how to create youth employment in the agriculture value chain.
AfDB recently launched the $2.3 million Youth Empowerment and Entrepreneurship Project (YEEP) in Liberia to support the Government’s efforts in promoting youth entrepreneurship to mitigate the huge unemployment and underemployment issue.
The training is also part of the implementation of AfDB’s Jobs for Youth in Africa Strategy which aims to create 25 million jobs and equip 50 million youth by 2025.
According to the Lead trainer and President of the African Foundation for Entrepreneurship and Economic Development (AFEED), Samuel Mathey, the trainees should be able to come up with a business plan to start their enterprise following the training.
A six-month follow-up coaching will be provided and the youth will be part of a larger entrepreneurs’ network.
The training will form the basis for the implementation of the ENABLE Youth Program for Liberia when approved in September this year.
It is similar to one the Bank conducted in Côte d’Ivoire in December 2016.