Nestlé Plans to Double Youth Entrepreneurship to 10,000 by 2025

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MSME News in Africa today
Nestlé’s My Own Business (MYOWBU) programme | File Photo

Nestlé has promised to double youth development potential in Africa by empowering youth entrepreneurs through its Nestlé’s My Own Business (MYOWBU) programme.

As part of Nestlé Needs YOUth Initiative, MYOWBU is benefitting over 5,000 young people and seeks to double its youth outreach with entrepreneurship to 10,000 by 2025.

Speaking on this development, Business executive officer, Nestlé Professional and Nestlé Waters, Rabie Issa, said: “the growth of Africa’s economy can be accelerated if we integrate youth development as a core aspect in business operations. Nestlé will continue to find the right partnerships to create enabling entrepreneurial environment and help young people thrive in Central and West Africa.”

The programme provides commercial equipment including pushcarts and shoulder kits as enablers for interested youth with the dream of starting and owing their own businesses, and is currently operational in Cameroon, Côte d’Ivoire, Nigeria, Ghana, Senegal, among others.

One of the beneficiaries of this programme, Laurent Georges, while in his final year of secondary school in Cameroon, faced serious financial challenges.

Exploring ways to find solution, his sister told him about a youth entrepreneurship program she had heard of in Cameroon. Seeing himself as a future entrepreneur, Laurent without a doubt took his sister’s advice and joined Nestlé’s My Own Business (MYOWBU) programme.

“From a pushcart operator to owning my own operator site, the MYOWBU program has considerably changed and blessed my life. From 2015, I have been able to completely pay all my school fees till now where I’m in research cycle in university. I have become a real support to my family!”, Laurent said.

Laurent’s business now employs 32 people. Through self-employment, Laurent has now become financially independent. Like Laurent, Ahou a young mother in Côte d’Ivoire earns a living through this programme, selling around 200 cups of coffee a day.

As a street vendor, she said: “this is how I earn money which allows me to be independent and take care of my child.”

From Ghana, Edward Yaw Kumah started as a Salesperson in 2007. Today, he owns an operating site, providing job opportunities for youth in his business. Edward sees a bright future with this business and hopes to expand across the country and provide more job opportunities for others.

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