Connect with us

Business Home

Nestlé Boost Mentorship and Training for Young People in Sub-Saharan Africa

Published

on

Companies Boost Mentorship and Training for Young People in Sub-Saharan Africa

ACCRA, Ghana, October 30, 2019- Nestlé and its regional partners have joined forces to launch the Regional Alliance for Youth in Sub-Saharan Africa to promote employability for young people.

The alliance, which will focus on creating and implementing employability programmes, mentorship and training initiatives designed to equip young people with essential workplace skills, is part of the company’s business-driven movement Alliance for YOUth, launched in Europe in 2014.

Today’s youth is the largest the world has ever seen – young people aged 15-24 account for one out of every six people globally, with 20% of the total youth population living in Africa alone.

This demographic trend is also exacerbated by the 71 million youth worldwide who are unemployed, while over 500 million are under-employed or stuck in uncertain or precarious jobs. Unemployment among youth in Sub-Saharan Africa reached nearly 30% in 2016. Without concerted action, it is expected that nearly 50% of youth in the region will be unemployed by 2025.

“We believe that investing in youth is vital for thriving, resilient communities, and helps to build our business too,” said Rémy Ejel, Market Head for Nestlé Central and West Africa. “Young people are the next generation of employees who will keep our company competitive, the farmers who will grow the crops we need, and the entrepreneurs who will help us reach new markets, regardless of their field or level of expertise. This is just the beginning,” he added.

The Regional Alliance for Youth in Sub-Saharan Africa

The alliance was launched in Côte d’Ivoire today, October 30th. It will also be launched in Angola and South Africa on October 31st and November 4th, respectively.

With the support of the Government of Côte d’Ivoire through ‘Agence Emploi Jeunes’, a government agency that promotes youth employability and employment, and the International Labour Organization, the regional members of the alliance in Côte d’Ivoire also include Bolloré, Groupe NSIA, MTN, Nielsen, Publicis and Nestlé.

“Nearly 77% of the Ivorian population is aged under 35, which means that concrete actions must be taken to provide more opportunities and help to integrate these young people into the workplace,” said Zain Reddiar, General Manager for Human Resources at MTN in Côte d’Ivoire. “At MTN, we are ready to effectively contribute to this project, which we are sure will help a large part of that population.”

Similarly in Angola, the alliance will be launched in partnership with the Government of Angola, the Swiss Embassy, ADPP, Nestlé and other private companies from different sectors operating in Angola.

“The future can only be built with the next generation, the next sustainable competitive edge, especially on diversifying economies will have to rely on the youth. Young people will be better prepared than ever before for the next challenges, supporting the digital changes of the society we are living in, which at the end of the day will benefit all the stakeholders of the sub-Saharan region. Shaping the young people within our working context, in an inclusive environment, creating new capabilities, allowing within our domain to further develop technologies like Artificial Intelligence, Data Analytics, Smart Data, as many others, shall support the youth to create the world of tomorrow that they will be in. We from our side will support the next generation on this journey, creating the basis for tomorrows challenges”, says Sérgio Filipe, Siemens Angola CEO.

Promoting employability

The alliance will combine the efforts of partner companies on hiring, skilling up and training young people by targeting tier three and four universities and vocational schools in and outside of capital cities.

These will be achieved through CV and interview skills-building workshops, identifying career opportunities and accessibility, and offering career-counselling sessions – reaching about 1,000 youths in Angola by 2020, and 5,000 youths in Côte d’Ivoire by the same period. In addition, about 10,000 youths will be reached every year thereafter in Côte d’Ivoire.

As part of the alliance, a flagship initiative will be identified and be jointly owned and implemented by members.

Join the business-driven movement

Nestlé founded Alliance for YOUth five years ago to help prepare young people to enter the professional world. In 2017, it was launched in Chile, Colombia, Mexico and Peru, and in Argentina, Brazil, Paraguay and Uruguay a year later. It was also recently launched at the World Economic Forum in Davos in 2019 with 20 other international organisations.

By joining the Regional Alliance for Youth, companies – irrespective of size or turnover – can help to create a long-lasting impact for young people, while also enhancing their business, staying competitive and reaching more consumers.

Also Read The Entrepreneurial Skills No One Can Teach You

Nestlé

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Investment

Releaf secures $4.2 million in seed funding and grants to drive industrialisation of food processing in Africa

Published

on

Releaf co-Founders (Image: Supplied)

Releaf, an agtech start-up that develops proprietary hardware and software solutions that makes African farmers and food factories more efficient and profitable, has raised $2.7 million seed funding in a round led by Samurai Incubate Africa, Future Africa and Consonance Investment Managers with participation from Stephen Pagliuca, Chairman of Bain Capital and Justin Kan (Twitch). Releaf also secured $1.5 million in grants from The Challenge Fund for Youth Employment (CFYE) and USAID.

The seed funding will enable the development of industrial food processing technology in Nigeria’s smallholder-driven Oil Palm sector while the grant will enable Releaf to provide working capital and other value-added services for smallholders and small-scale processors. Grant funding will support the training, recruitment and retention of more women and youth in Nigeria Oil Palm sector through the creation of both digital and technical jobs.

Nigeria’s oil palm industry is dominated by smallholder farmers, with 80 percent of local market share. However, production rates are low because many still rely on ineffective processes for de-shelling, including the use of rocks and inappropriate hardware. These ineffective processes also lead to low quality palm kernels which are largely unfit as input for high quality vegetable oil manufacturing. As a result, food factories are unable to purchase these raw materials and operate significantly under capacity. On average, food factories have 3X more installed capacity than utilization, which impacts the cost of food and hampers further investment into processing capacity.

Releaf acts as a bridge between smallholder farmers and food manufacturing companies with its proprietary patent-pending machinery, Kraken. Kraken can process any quality of palm nut into premium quality (95 percent purity) inputs for food factories. Releaf’s software connects the start-up to more than 2,000 smallholder farmers, ensuring consistent, large-scale supply. While palm kernel oil production is not foreign to Nigeria, Releaf’s technology and scale means it can process 500 tonnes of palm nuts per week. The software offerings also allow the start-up to receive inbound supply requests from farmers via USSD, provide working capital financing as well as collect proprietary data on supply availability.

Speaking about the new funding, Ikenna Nzewi, CEO and co-founder of Releaf, said, “our mandate is to industrialize Africa’s food processing industry. This round of funding enables us to develop and prove our technology with smallholder farmers in the oil palm sector. Given Nigerians spend ~60 percent of their income on food and Africa’s population is set to increase by 100,000 people per day over the next three decades, we’re presented with an incredible opportunity to feed more people, reduce consumer costs, and supply the fastest-growing food market in the world. Releaf is committed to harnessing technology to accelerate the economic wealth of rural, agrarian societies throughout the Continent. We firmly believe that a robust real economy is the foundation for long-lasting and shared prosperity for Africans and are excited to deepen partnerships with like-minded organizations, governments, and firms.”

This new funding will enable better productivity and accelerate the eradication of the menial and archaic processes that are prevalent across Nigeria’s oil palm sector and the agriculture sector as a whole. It will also enable Releaf to drive more value and profitability across the oil palm value chain, as well as support direct and ancillary job creation in the farming communities of South and Eastern Nigeria.

Rena Yoneyama, Managing Partner at Samurai Incubate Africa who led the round commented, “Releaf’s novel approach to operating within the value chain with proprietary technology set it aside from many agtech startups we have spoken to. We believe the firm’s thesis on decentralizing food processing would have a strong match with Africa’s economic development landscape for the next few decades. Ikenna and Uzo are the perfect founders to disrupt this market in Nigeria and beyond. We are thrilled to back them as they innovate in providing both agro-processing and financial services to rural communities and farmers.”

Iyin Aboyeji, General Partner at Future.Africa noted, “more than 50% of the goods in supermarkets globally contain glycerine – an extract made from palm oil – a cash crop that is passed down from generation to generation. The team at Releaf is building the agro-allied industry of the future from the ground up starting with palm oil which they have developed novel technology to aggregate, deshell and process into critical ingredients like vegetable oil and glycerine. Future Africa is delighted to back Releaf to build the future of modern agriculture”

Dr. Nneka Enwonwu, Country Relationship Manager, from The Challenge Fund for Youth Employment (CFYE) said, “We are thrilled to partner with Releaf on their mission to improve efficiency and profitability for farmers and food factories in Africa. The founders’ vision and the team’s enthusiasm gave us confidence that Releaf will deliver real value for rural communities and create digital/technical jobs for women and youth. We are looking forward to their results and success over the coming years and continuing to support their work.”

Continue Reading

CEO Corner

Graça Machel Trust Appoints Melizsa Mugyenyi as New Chief Executive Officer

Published

on

Graça Machel Trust New CEO, Ms. Melizsa Mugyenyi (Image: Supplied)

Board of Trustees of the Graça Machel Trust, announces that Ms. Melizsa Mugyenyi has been appointed as the new Chief Executive Officer (CEO) and commences her tenure in this leadership role as of September 6, 2021.

A Ugandan by birth, and residing in Kenya currently, Ms. Mugyenyi brings to the Graça Machel Trust an impressive range of executive management and strategic partnership building skills, as well as extensive experience working in multi-country settings. We look forward to her leadership to expand our Pan African programming, nurture our diverse women’s empowerment Networks, and develop the necessary relationships to fortify our resource base and long-term sustainability.

Download BAO E-MAGAZINE

Ms. Mugyenyi will spearhead the conceptualization and implementation of a bold new Strategic Plan for our institution and take our work of social and economic transformation to greater scale and impact. The Board has every confidence in Ms. Mugyenyi and her ability to effectively steer our organization, in conjunction with our staff and stakeholders, to augment our impact on the African continent and expand our thought leadership globally.

“We are grateful to Dr. Shungu Gwarinda, who steadfastly served as our Interim CEO, driving us forward with a determined focus on advancing the rights of Africa’s women and children, and strengthening our institution and Networks during this interim period.  Dr. Gwarinda will be actively supporting this management transition and will resume concentrating her leadership in her substantive role as Director of Programmes.  We are grateful for her invaluable contributions to further the mission of the Graça Machel Trust”. said Mrs. Graҫa Machel, Founder and Chairperson of the Graҫa Machel Trust

To our valued partners, both current and future, we look forward to positively transforming the lives of Africa’s women and children together with you as we enter this exciting new chapter of our institution’s journey.

 

Continue Reading

Press Release

Pezesha Raises Seven-figure Seed Extension from GreenHouse Capital to Fuel Expansion of its Embedded Credit Infrastructure across Africa

Published

on

Pezesha team (Image: Supplied)

Pezesha, a pan-African fintech company building scalable lending infrastructure for SMEs and institutions, today announced the close of a seven-figure growth funding round led by GreenHouse Capital (GHC). In addition to GHC’s investment, Pezesha received on-lending liquidity support from GHC’s sister company Venture Garden Group (VGG). These financing milestones will support Pezesha’s continued growth across Africa and its mission to expand access to affordable working capital for SMEs.

Pezesha is solving Africa’s $82 billion working capital and trade finance access problems by enabling non-traditional finance institutions to offer working capital to SMEs using Pezesha’s lending infrastructure. The company has built robust APIs to originate quality SMEs and original credit scoring models that allow capital to flow efficiently and productively. Pezesha’s new partnership with VGG will expand the capital available for Pezesha and its institutional partners to lend to SMEs. Pezesha previously raised capital from Consonance and Seedstars.

Hilda Moraa, CEO and Founder of Pezesha, commented, “we are delighted to have GreenHouse Capital join the Pezesha family. We are aligned in vision as well as our commitment to solving the working capital challenges that are preventing African SMEs from achieving their full growth potential. GHC’s investment will catapult our growth by enabling us to scale our existing partnerships with the likes of Twiga Foods, Jumia, Marketforce, and Popote Pay, among others. More so, the investment will unlock our vision of building the operating system to power embedded finance in Africa”

Ruby Nimkar, Principal at GreenHouse Capital, added, “Pezesha is breaking down barriers to SME financing by taking an ecosystem approach to the problem of access to capital. Their embedded finance model is truly groundbreaking, and we have full confidence in Hilda and her talented team to take their model into new markets and continuously close the SME financing gap across Africa.”

Bunmi Akinyemiju, CEO of Venture Garden Group, commented, “Pezesha’s innovative model is driving capital to the African SMEs that need it the most. We are excited to be partnering with them to expand their access to funds that they can use for their on-lending liquidity.”

Pezesha has scaled its lending infrastructure in Kenya, Ghana, and Nigeria and is planning to launch in Uganda in September of 2021.

 

Download BAO E-MAGAZINE

Continue Reading

Ads

Most Viewed