Young Cameroonian Entrepreneurs Receive 25 million FCFA as Grant to execute Projects
Some sixteen youth with best entrepreneurial projects have received the sum of 25 million FCFA to enable them open micro enterprises in localities of their choice. The financial assistance was official handed to them in Yaounde by Mounouna Fotso, Cameroon’s Minister of Youth Affairs and Civic Education, under the umbrella of The Youth Entrepreneurship Promotion Program initiated in 1994 in Cameroon.
The financial gesture which is an initiative of The Conference of Ministers of Youth and Sports of La Francophonie (CONFIJES) aims at promoting youth entrepreneurship and targets young people between 16-30 years.
The sixteen beneficiaries were selected after haven presented excellent and elaborate projects in agriculture, arts and craft.
“I was awarded a subvention of 2,380,000 FCFA. This grant will help to finance my enterprise, a fish pond establishment situated in Bertoua. I was motivated by the fact that we fish and hunt every day, and if there comes a day that there are no more fishes, with the increasing demand of fish in the market, we will be left with no other choice than to stop eating fish. This grant is going to help me to employ three other youth who will empower the government and the development of Cameroon as a whole” Beri Mabel, Beneficiary
Young entrepreneurship promotion program was created in 1994 to promote entrepreneurship, social and economic integration of youth. From 2003 to present date, the program has trained over 717 young people and founded 93 young Cameroonian micro entrepreneurs in different fields.