Friday, March 29, 2024

The Next Economy

Nailab in partnership with SOS Kenya, 1%Club Netherlands and SOS Netherlands have rolled out “The Next Economy” program, a program geared towards supporting young people from all walks of life in creating sustainable income generating activities, through direct job creation and entrepreneurship activities for young people. The program is anchored on SDG’s goal 8 that seeks to contribute to creation and growth of decent work and economic development through encouragement of entrepreneurship and enhancement of employability skills in a bid to reduce poverty and achieving full productive employment and work opportunities for women and men by 2030.

The program which has 2 main pillars, focuses on basic life skills training and transfer of useful employability skills to increase young peoples chances of getting employment through the “Make it work and get started pillar”. It also supports early stage startups and entrepreneurs through one on one support, coaching and crowdfunding for the businesses through the “Grow your business pillar.”

Young people with a basic secondary school certificate, ages 19-30 years, who have a vision of sharpening their skills for the job market or have a business or aspire to have a business in both the formal and informal sector are eligible to apply for the program through www.next-economy.com

The program will run from the month of May through to December with key milestones being:

  • May-June :                             Application and selection of participants
  • July to September:                Basic life skills training
  • October to December:          Employability training co-currently with

entrepreneurship training

  • December:                             Crowdfunding for set businesses in the

entrepreneurship training track

The program was successfully launched in 2016 in Mali, Nigeria and Somalia and has in its first year of implementation cumulatively supported 850 young people in improving their opportunities to get employment or establish businesses in the 3 countries.

The 2017 pilot is set to run in Nairobi and its environs with its roll out to more regions in the country kicking off in 2018

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