2015 Y2B Report

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Namibia Delegate Output Report Powered by

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Report of the first edition of the Namibia Youth to Business Forum held on the 11th April 2015 at Safari Hotel & Conference Centre. Theme: Youth Entrepreneurship, Solution to Unemployment?

Transcript of 2015 Y2B Report

Page 1: 2015 Y2B Report

Namibia

Delegate Output Report

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Contents

Introduction

Survey Results

Y2b Forum

Power Talks

Partners’ Fair & Panel Discussion

Workshops

Youth Perspective

Media Appearance

How Our Sponsors Support Entrepreneurship

Acknowledgments

03 04 05 06 09 10 15 16 17 21

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Present in 128 countries and territories and with over 80,000 members, AIESEC is the world’s largest student-run organization. AIESEC provides young people with leadership development and cross-cultural global internship and volunteer exchange experiences across the globe for them to get experience and skills that matter today so they can make a positive impact on society AIESEC Namibia, founded in July 2013 is currently present in the International University of Management, the Polytechnic of Namibia and the University of Namibia with over 50 members. To date, AIESEC Namibia has facilitated 30 volunteer exchange experiences , 4 professional internships and organized 2 conferences (Developing Leaders Day & Youth to Business Forum). Our goal is to develop high-potential Namibian youth into globally-minded responsible leaders through partnerships with businesses, government, and institutions of higher education.

AIESEC

Youth to Business Forum

Youth to Business Forum is an initiative powered by AIESEC that takes place in multiple locations around the world; bringing the youth with businesses, thought leaders, and experts for a conversation around pressing issues with the aim to generate new, but most importantly actionable ideas. On 11 April 2015, the Namibia Youth to Business Forum powered by AIESEC Namibia brought businesses and students together to engage in a unique dialogue on the following topic: Youth Entrepreneurship, Solution to Unemployment?

Youth Entrepreneurship Survey

AIESEC Namibia gathered realtime data from youth on youth entrepreneurship. The results of the survey complemented the discussions and content of the Youth to Business Forum.

Out of the 109 surveys completed

17.4% are 18-21 64.2% are 22-25 18.3% are 26-30

83.5% currently live in Windhoek

55% of respondents are female 45% of respondents are male

7.3% are in Highschool 20% are in a College or VTC 67.9% are undergraduates 4.6% are postgraduates

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Planning to become an entrepreneur 53% of the respondents plan to become entrepreneurs within the 5 next years while 40% are already entrepreneurs

Funding Opportunities Awareness 79% are unaware of government grants one can receive if they were to start their businesses 65% are unaware of various types of bank loans for SMEs

Education Relevance 92% feel their education is relevant to what they want to do in the future

Entrepreneur Definition 68% believe the definition of an entrepreneur is someone who mixes passion, innovation, and drive to turn a vision into a working business

TOP 3

Characteristics needed to be a successful entrepreneur

Biggest barriers to start and run a

business

Influential individuals helping with career

decisions

1. Risk-taker 2. Innovative/Creative 3. Great with people

1. Inability to get funding 2. Financial risk

3. Concrete Business Idea

1. Successful Entrepreneurs 2. Parents/Relatives

3. Friends & Opinion Makers

Entrepreneurship Support 22% believe the government is doing its best at supporting entrepreneurship 19% believe corporations are doing their best at supporting entrepreneurship

Youth Entrepreneurship, Solution to Unemployment? 98% believe youth entrepreneurship can reduce the high rate of unemployment

TOP 5

Skills to develop to become an entrepreneur

Suggested ways or methods to develop those skills

1. Marketing & Sales 2. Critical Thinking & Problem Solving

3. Leadership/Team Management 4. Understanding of Finances & Budgets

5. Judgement & Decision making

1. At conferences 2. By doing and trying

3. Formal Training Programmes 4. Coaching/Mentoring

5. Self teaching (books/internet)

Survey Results

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Power Talks

Panel Discussion (Moderator: Taleni Shimhopileni)

THEME Youth Entrepreneurship,

Solution to Unemployment?

Namibia

Safari Conference Centre | 11 April 2015 135 youth delegates | 40 business and media representatives

Sponsors

Workshop Partners

Platinum Gold Silver Bronze

• Lazarus Nafidi • Daisry Mathias • Regto David Ndemufayo

• Ally Angula • Michael Amushelelo

• Alisa Amupolo (Amustra Group Founding Chairwoman) • Daisry Mathias (Team Namibia CEO) • Lazarus Nafidi (EIF Head of Communications & Corporate Affairs) • Michael Amushelelo (Amushe Inc. Founder & CEO) • Rakkel Andreas (HSF Programme Officer) • Regto David Ndemufayo (Go Safe “Eenda Nawa” Founder & MD) • Rukee Moelanjane (Allan Gray Orbis Foundation Programme Director)

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There are about 826,874 youth aged 15 to 34 in Namibia. Of these, 319,215 are employed, and a further 205,470 are unemployed. This means that the labour force in these age groups totals 524,685, giving a labour force participation rate (LFPR) of 63.5 percent. Males outnumber females among the employed youth population, but females outnumber males among the unemployed. Back then there was a culture of dependency but today youth is starting to realize that the only way to go forward is to do something that will move youth from our current position to a better position. Young people no longer want to join corporations but now want to create their own entities that will not only create utility but also value for themselves and many around them. With the developing dynamic world, there is so much more that young people can do today.

Power Talks

There were two rounds of power talks. In the morning, Lazarus Nafidi, Daisry Mathias and Regto Ndemufayo David gave talks on Why Youth Entrepreneurship Matters, Youth Taking Ownership of Vision 2030 and Entrepreneurship as a way of tackling socio-economic and environmental challenges. In the evening, Ally Angula (virtually) and Michael Amushelelo spoke about Entrepreneurship & failing forward and the Ups and Downs of the entrepreneurial life

Lazarus Nafidi (EIF Head of Communication & Corporate Affairs) Why Youth Entrepreneurship matters

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The Namibian labour market is not big enough to cater for the unemployed youth, the corporations are all saturated so we have to find other avenues for growth and absorption. And that capacity can only come through enterprise development and SMEs. In every developing economy, it's the SME that have capacity to create employment because they are supposed to grow from a small to a medium and graduate to a national corporation, an enterprise that's making a real contribution. SMEs have the potential to contribute a greater amount to the GDP. Vision 2030 wants to see a 30% contribution to the GDP from SMEs, so that's from you

Innovation, Social Entrepreneurship, that's what we need. The purpose of you to get employed is to learn how corporations operate, learn what it entails to run a business and after that 3 or 4 years, 5 at the most, use that experience and go start your own business so you can employ other less fortunate Namibians who did not get that opportunity. That's what we should be all aiming for. Look at solving Namibian issues at a profit, so things become better for all of us, better for our continent. Set up enterprises, Windhoek is not the only place of prosperity, we need to spread out.

Daisry Mathias(Team Namibia CEO) Youth Taking Ownership of Vision 2030

Regto Ndemufayo David (Go Safe “Eenda Nawa” Founder & MD) Entrepreneurship as a way of tackling socio-economic and environmental challenges

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Start small but think big, invest in yourself, you are your brand. There are not shortcuts in entrepreneurship, success does not always happen overnight. Just because you are not seeing results in your business, does not mean that your business is not growing. Just because you are not seeing customers coming, it does not mean that they are not coming. You need to persist, and you need to persist in a consistent manner. So let us all be persistent in whatever it is we are doing, and be consistent at it. Adapt to change and make the best out of everything that happens. We are all capable of greatness.

Through failure, you learn and it makes you a lot more innovative. You learn to do things that you really otherwise would think you are not able to do. Already know that you will have hard times, they will come but know that from failing you learn and you grow, so embrace it. Use it as an opportunity, look at it as market research. You are just testing your theory and adapting to what the market wants. And find a way of managing your fear.

Ally Angula (LEAP Holdings Founder & MD) Entrepreneurship & Failing Forward

Michael Amushelelo (Amushe Inc. Founder & CEO) Ups and Downs of the entrepreneurial life

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After the partners’ fair, Taleni Shimhopileni moderated a panel discussion with the panel comprising Alisa Amupolo, Daisry Mathias, Lazarus Nafidi, Michael Amushelelo, Rakkel Andreas, Regto Ndemufayo David and Rukee Moelanjane. The discussion covered different angles of Entrepreneurship, self-leadership, cross-sector collaboration, the importance of technology. building customer trust, mentorship and the need of change of mindset and culture towards entrepreneurship. Through the course of the panel discussion, questions from the audience were encouraged and welcomed. This offered the participants an opportunity to engage with the panelists and widen their perspectives

Our partners were able to communicate their organization’s values and services in an interactive fashion. Participants were able to obtain a lot of material and information regarding the technical assistance and Funding opportunities available.

Partners Fair

Panel Discussion

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Workshops

There were two rounds of workshops, each workshop lasting 90 minutes.

Round 1

Round 2

Developing a funding proposal for an environmental project enterprise

Promoting a culture of mentorship and voluntary internships amongst the Namibian Youth

Social Innovation, Idea Creation Workshop

Funding & Schemes supporting youth entrepreneurship

Serious about business? Help those who help themselves

How to sell your business idea

Financial Literacy for starting a business

CV/Interview Skills

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EIF - Developing a funding proposal for an

environmental project enterprise

Average Rating from 12 delegates

4.4/5

“The exercise we did opened my mind to great ideas and I learned a lot of new things”

“I liked the workshop because it was very practical and I have benefited a lot from it

HSF - Promoting a culture of mentorship and voluntary internships

amongst the Namibian Youth

Average Rating from 14 delegates

4.7/5

“The environment encouraged youth engagement and the information was easier to grasp”

“It was very interactive. Got insight on the power of mentorship. I left motivated”

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NBII- Social Innovation, Idea Creation

Workshop

DBN – Funding & Schemes Supporting Youth Entrepreneurship

““The session was fruitful. I now know what to do to create an opportunity from what’s seen as a problem”

“The presentation and delivering approach was great. The exercises were very mind stimulating”

Average Rating from 14 delegates

4.3/5

Average Rating from 14 delegates

4.3/5

“I liked the fact that DBN gives grants/loans to almost all sectors”

“I liked the presenter feedback, connection and positive assistance”

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“It was very informative and educative. It was a platform to learn all the accounting and how to be financially smart”

“The information was awesome. Now I know where to start”

Average Rating from 24 delegates

3.9/5

“The information on how to pitch really taught me how to bring my idea across to investors”

“I now have the tools to sell my ideas”

Average Rating from 16 delegates

4.8/5

SME Compete – Serious about business? Help those

who help themselves

GBL – How to sell your business idea

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Average Rating from 6 delegates

3.9/5

4.8/5

FLI– Financial Literacy for starting a

business

Average Rating from 15 delegates

“The simulation exercises were great. Excited to attend their upcoming events” “Learned a lot about how to manage my finances. Anna was a great speaker”

“The simulation exercises were great. Excited to attend their upcoming events”

“Learned a lot about how to manage my finances.”

Welwitschia – CV/Interview Skills

““Eye opener, Very informative”

“I feel more confident for my next interview”

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Youth Perspective

In many cases we find ourselves being people that complain about so many things . Y2B forum just made me realize that instead of being the one that complains, I can actually create a solution to some if not all of those problems. Ritha Mutaleni - Delegate

“Sometimes and more often than not we should simply just get out there and get our hands dirty. Strength really lies in numbers so let us make partnerships in order to boost entrepreneurship. Let us celebrate failure. Support is invaluable, mentor someone. Given the opportunity let’s stretch ourselves, if not lets create those opportunities for ourselves and others and always stretch ourselves. These were my key takings from the Youth to business forum” Brisetha Hendricks - AIESEC Member & delegate

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Media Appearance

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How Our Sponsors Support Entrepreneurship

Platinum

Gold

Silver

Bronze

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Who we are The Hanns Seidel Foundation is a German

non-profit Organisation operating in over 50

countries across the world. Our work is largely

funded by the German Federal Ministry for

Economic Cooperation and Development. In

Southern Africa we have offices in Windhoek

and Johannesburg. While our Namibia office

dates back to 1978, we started operating in

South Africa in 1991 in order to support the

democratic transition towards an all-inclusive,

non-racial democratic society.

Our mission To promote Democracy, the Rule of Law,

Peace & Human Security, Good Governance

and Sustainable Economic Development.

Our Aims and Objectives 1. Promotion of Democracy and

Social policy at the national level in

Namibia: To strengthen the capacities of civil

society organizations, political parties,

decision-makers as well as disadvantaged

groups in order to promote well informed civic

and political involvement.

2. To support the development

of skills and capacities in Namibia’s

economic sector: contributing to economic

development through the support of (potential)

start-ups and Small and Medium Enterprises

and the publication of topical knowledge

products.

3. To encourage socio-political

dialogue in Namibia: informing policy makers,

civil society, media and the public about

current issues by helping to disseminate well

researched information.

4. To promote the rule of law and

environmental protection in Namibia:

cooperation’s with stakeholders from

government, businesses and civil society

to promote awareness of the principles of

the rule of law and environmental issues in

order to strengthen political, economic and

ecological sustainability.

Our work in Namibia The Hanns Seidel Foundation is building

onto and supporting the efforts of the

Namibian Government to consolidate civic

education, public discourse and

environmental awareness as part of

Namibian development plan. A key focus in

Namibia is the training of young

entrepreneurs in the establishment and

growth of successful businesses. In

addition, we provide capacity building for

civil society organizations and political

parties. Regular political dialogue sessions

are hosted by the Hanns Seidel Foundation,

and aimed at enhancing the public debate

on matters of national importance,

especially among the youth in Namibia. The

Hanns Seidel Foundation is committed to

support the Namibian government in related

activities and to further enhance

environmental awareness.

Our Partners in Namibia - Anti-Corruption Commission (ACC)

- CHANGE

- Economic Association of Namibia (EAN)

- Insight Namibia Magazine

- Institute for Public Policy Research (IPPR)

- Namibia Institute for Democracy (NID)

- Otjikondo School Village Foundation

The Hanns Seidel Foundation is committed

to broaden up their partner spectrum by

identifying synergies and establishing

collaborative partnerships with other

organizations in Namibia.

Focus of Activities in Namibia

- Creation of dialogue platforms and

facilitation of dialogues

- Support and dissemination of well

researched information on current political,

economic and social affairs

- Support for training for Small and Medium

Enterprises (SME’s)

- Support for the re-integration of

marginalized groups into the folds of society

- Support to the fight against corruption

- Partnership with Faculties of Economics at

tertiary institutions

- Promotion of environmental awareness

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Youth Enterprise

Effective finance for young entrepreneurs

The Development Bank of Namibia has an

open door policy to youth enterprise, and

youth is not excluded due to age. The Bank

believes that youth enterprise is the basis for

future enterprise, and that experience is a

teacher for tomorrow.

Track record

Our strong track record of finance for youth

start-ups and expansions includes enterprises

in the IT sector, franchises, personal services,

retail, and health and related services. The

Bank also provides finance for young

entrepreneurs holding tenders and contracts

under its Contract-Based Finance Facility.

Indicators of successful youth enterprise

The Bank's experience is that there are two

categories of factors that are crucial to the

success of youth enterprise.

The first category of factors consists of

marketing. The Bank will take into account a

strong business idea. In this regard the Bank

also has an open door to innovation. The Bank

will also consider high demand as well as

tenders and contracts.

The second category consists of managerial

factors. A committed and dedicated managerial

approach is critical to sustain the business.

Goal directed management to achieve the

objectives of the business plan is also vital as

this is the basis of approval of finance. In the

latter regard, the Bank counsels for realism in

business planning in order to sustain the

finance. Adherence to the principles of good

business administration is also crucial for

success, particularly accounting,

administration of processes and adherence to

regulations.

Reinvestment of profit for growth is a

definite indicator of success, and borrowers

should provide for salary in the cash flow

projection, rather than make drawings from

profits.

DBN requirements

DBN bases its approvals on three factors.

The first is a strong business plan.

(Business plan guides are available from

DBN. Secondly, the personal strengths,

capabilities and experience are considered,

as well as the qualities of employees and

managers. Thirdly, willingness to offer

collateral is a clear indicator of the

applicant's confidence in and enthusiasm

for the proposed enterprise of expansion.

DBN collateral

DBN has a policy of requiring collateral in

order to preserve its capital. The Bank is

flexible on collateral however, and can

accept financial products such as cessions

of insurance polices, third party guarantees,

certain assets acquired with finance from

DBN, and fixed assets.

DBN facilities suited to young

entrepreneurs

In its experience, certain DBN facilities are

particularly suited to youth. The SME

Finance Facility and SME Term Finance

Facility have borrowing thresholds of

N$150,000 with terms of 10 years. SME

Contract Based Finance also has a

threshold of N$150,000 but the coincides

with the term of the contract. DBN also

provides a Guarantee Facility. The

threshold is variable and the term coincides

with the term of the contract.

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Acknowledgments

The 2015 Namibia Youth to Business Forum was organized by Sylver Kibelolaud National Vice president – Outgoing Exchange & Communications 14-15

Simeon Aupokolo AIESEC IUM Vice president – Outgoing Exchange

A special thanks to the following AIESEC members for serving on the organizing committee for the Youth to Business Forum

Domingos Tchiyo AIESEC NUST President

Gift Mbewe AIESEC UNAM – Teamster

Ndina Kapuka AIESEC IUM – Teamster

Radhia Mtonga AIESEC UNAM President

Susana Mpinge AIESEC NUST Vice President – Incoming Exchange

Wilhelmina Abraham AIESEC NUST Vice President – Talent Management

For in-depth insight into our Youth to Business report, please contact: Sylver Kibelolaud [email protected] 0814060902