The Ministry of Youth and Sports alongside the Ministry of the Economy and Planning will implement until 2022 a training and economic orientation programme for the youth, within the framework of a cooperation protocol.
According to a note from the Ministry of Youth and Sports (Minjud) to which ANGOP has had access, the programme will be managed by the Angolan Youth Institute (IAJ) and the National Institute of Small and Medium Enterprises (INAPEM).
It is an initiative of the Angolan Executive, with a national scope that covers several areas of training, with emphasis on preparation of business plans, management of companies and cooperatives, accounting, technical assistance, formalization of business and entrepreneurship.
According to the note, the programme expects to reach a total of 20 thousand young people across the country, in the period between 2020 and 2022, and will essentially benefit young people with a vocation for entrepreneurship.
“This is an innovative and comprehensive programme, which aims, essentially, to guarantee the capacities within Angolan youth in view of the structuring projects that the Executive has been developing within the scope of the Production Support, Export Diversification and Import Replacement Programme (PRODESI)”, the note states.
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The programme was formalized and endorsed by the referred ministerial departments last August and it will be managed through the provincial representations of IAJ and INAPEM.
The cooperation protocol aims to promote entrepreneurship and qualified youth cooperatives as an essential tool for generating self-employment and promoting economic participation by young people.
It also aims to provide economic literacy programmes for young people, so that their businesses are better structured and thus become feasible, reliable and safe, to boost business models based on innovation and creativity, to ensure greater viability and flexibility in supporting projects of young entrepreneurs, as well as to identify young potential entrepreneurs and support the development of their skills.
The program foresees, among other actions, training, monitoring, consultancy and monitoring, support in setting up companies and cooperatives, guidance on management, the market and access to credit within the framework of ongoing programmes, formalization of activities.
It also includes certification, business incubation and acceleration, access to finance, support for setting up startups and skills development.