Unemployment level in kenya is 40% with 75% of this population being young people aged between the age of 18 and 38.
However the education prospects don't necessarily guarantee young people an entry into job market.
Every year over 5000 fresh graduate mainly young people between age of 22 and 32 begin their job search but very rarely do over half of them find the jobs or even careers of their choice.
Kenya,after south Africa has one of the most competitive job market in Africa.
Private sector participation in creation of employment and new jobs for young people in kenya has dwindled in recent past as companies especially in manufacturing,struggling to cut down due to arising costs of production and increase in taxes.
CHALLENGES
Kenyan entrepreneurs face challenges on how to network and meet potential investors,penetrate new market and generally interact with other like minded entrepreneurs. This lack of know howono meet or approach potential investors,hhinders entrepreneurs from exploiting the business potential that the country has to offer and it creates a quadrupling effect on the widening unemployment gap of unempunemployability amongst the youth.
Without business networking,most entrepreneurs are forced to learn though mistakes,some of which prove costly to their business. To young entrepreneurs who have got no practical know how to avoid common patholes in industry.
SOLUTIONS
with high rates of unemployment,many young Kenyans have taken to social entrepreneurship with a good number of them looking into e-commerce and online freelancing as a source of employment.
A number of young entrepreneurs in kenya are today managing companies and businesses that started off online.
As a young identity problems and seek for ways to address it technologically or otherwise.
This way you will have created not only a solution to existing social gaps in the society but a steady employment for yourself and many others.
BY. ELIJAH KIBE
Monday, 18 April 2016
How entrepreneurship can create alternative employment opportunities for kenyan youth
Unemployment level in kenya is 40% with 75% of this population being young people aged between the age of 18 and 38.
However the education prospects don't necessarily guarantee young people an entry into job market.
Every year over 5000 fresh graduate mainly young people between age of 22 and 32 begin their job search but very rarely do over half of them find the jobs or even careers of their choice.
Kenya,after south Africa has one of the most competitive job market in Africa.
Private sector participation in creation of employment and new jobs for young people in kenya has dwindled in recent past as companies especially in manufacturing,struggling to cut down due to arising costs of production and increase in taxes.
CHALLENGES
Kenyan entrepreneurs face challenges on how to network and meet potential investors,penetrate new market and generally interact with other like minded entrepreneurs. This lack of know howono meet or approach potential investors,hhinders entrepreneurs from exploiting the business potential that the country has to offer and it creates a quadrupling effect on the widening unemployment gap of unempunemployability amongst the youth.
Without business networking,most entrepreneurs are forced to learn though mistakes,some of which prove costly to their business. To young entrepreneurs who have got no practical know how to avoid common patholes in industry.
SOLUTIONS
with high rates of unemployment,many young Kenyans have taken to social entrepreneurship with a good number of them looking into e-commerce and online freelancing as a source of employment.
A number of young entrepreneurs in kenya are today managing companies and businesses that started off online.
As a young identity problems and seek for ways to address it technologically or otherwise.
This way you will have created not only a solution to existing social gaps in the society but a steady employment for yourself and many others.
BY. ELIJAH KIBE
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