IPAR-IDRC Regional Conference on Youth Employment, Kigali, Rwanda, Lemigo Hotel

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REGIONAL CONFERENCE ON YOUTH EMPLOYMENT 2014 JUDITH INEKU Uganda

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Institute and Policy analysis and research- Rwanda (IPAR’s) - IDRC REGIONAL CONFERENCE ON YOUTH EMPLOYMENT “Innovations that work for youth employment: Voices from the youth” 24 & 25 October 2014 LEMIGO Hotel, Kigali -Rwanda Follow the conversation #YouthEmploymentEA

Transcript of IPAR-IDRC Regional Conference on Youth Employment, Kigali, Rwanda, Lemigo Hotel

Page 1: IPAR-IDRC Regional Conference on Youth Employment, Kigali, Rwanda, Lemigo Hotel

REGIONAL CONFERENCE ON YOUTH

EMPLOYMENT 2014

JUDITH INEKU

Uganda

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IJB REAL ESTATE LIMITED/

IJB INVESTMENTS LTD

Uganda

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IJB REAL ESTATE LIMITED

IJB Real Estate Ltd was established in 2006

as a real estate development agency;

It provides decent accommodation to low and

medium scale income dwellers in Kampala

City, thus contributing towards alleviating

proliferation of slum dwellings in the City;

It also develops commercial properties for

small and medium-size business operators in

the urban centres in and around Kampala

City;

Through the achievements of IJB Real

Estate, the founder is now a respected

consultant and role model for the youths

seeking to engage in income generating

activities across the country.

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BUSINESS APPROACH

IJB Real Estate employs

mostly illiterate and semi-

illiterate youths who have

gained construction experience

from elsewhere;

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BUSINESS APPROACH ….

To ensure strict quality control, I

also engages the services of

professionals in the fields of:

architectural drawings;

development of Bills of Quantities;

Electrification and Water

Installation;

The Electrical Expert IJB uses is a

lady engineer;

The suppliers of building materials

– sand, aggregates and firewood –

are locals within the building site.

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PRODUCTS OR SERVICES

IJB Real Estate offers affordable

residential and office accommodation to

low and medium income earners;

The residential Units include self-

contained one-bedroom, sitting room,

kitchenette and balcony designed outfits.

These are very popular with single family

occupants;

The semi-detached units each comprises

two bedrooms; a sitting room; kitchen and

a central toilet;

Commercial units each has a store and a

display front room.

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OTHER IJB INVESTMENTS

Hardware

Retail and whole sale of

Comform mattresses and

Sadolin paint as agent.

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OTHER IJB INVESTMENTS CONT…

Entertainment/Music crew

Events management i.e.

tents and chairs

Transport

Cattle keeping & goat

rearing

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IMPACT OF IJB INVESTMENTS ON THE

COMMUNITY

Contributed to poverty eradication by distributing

chicks and 2 piglets to 20 household in the village

to eradicate poverty;

Supported sports and talent development in the

community by sponsoring various teams at the local

level

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IMPACT….

Trained young youth on how to generate income

and become financially independent

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IMPACT ….

Created employment of opportunities

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IMPACT…

Provided descent accommodation to low and

medium income earners;

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WHAT MAKES JUDITH SO SPECIAL?

As a youth and a lady engaged in the respected real estate

sector which, in Uganda and Africa in general, is largely

dominated by men, I have always received immediate

attention from all the people I have shared my achievements

with;

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WHAT MAKES JUDITH SO SPECIAL?....

My journey in the real estate sector has been driven by self-

belief and creativity as opposed to the traditional avenue of

mortgages. Initially I did not take any bank loan but relied on

my entrepreneurial insight and tokens of appreciation from

family, well wishers and public leaders;

Later when the government came up with Youth Venture

capital, I took a loan of Shs. 5.0 million to complete the real

estate units;

Today however I have since been able to take a bank

guarantee from a bank to boost my real estate business. The

guarantee was for a value of Shs. 30.0 million;

Based on my business performance as reflected in my bank

statements, my bankers are pestering me to take business

loans with no collateral but I have been reluctant to rush into

debts.

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My real estate story has been used by national leaders such as

senators, ministers, religious leaders, the President and First Lady

and university lecturers to inspire other youths especially young

ladies in Uganda to opt for entrepreneurship to curb unemployment

instead of the risky prostitution;

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OTHERS LEADERS OF INFLUENCE SHE HAS MET

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WHAT MAKES JUDITH SO SPECIAL? CONT…

On the international scene my achievement was received by

respected London Business School (April 2011), Tanzania

Private Sector Foundation and the Expert Meeting on Science

and Technology in Geneva in January 2010 and no doubt, this

conference in Kigali.

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WHAT MAKES JUDITH SO SPECIAL? CONT….

I have the passion to train fellow youth to generate their own income

and become independent.

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WHAT MAKES JUDITH SO SPECIAL? CONT….

I feel concerned about poverty levels in the community and

have the heart of lifting each and every individual to get on

their toes and work to generate income.

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WHAT MAKES JUDITH SO SPECIAL? CON…

Global recognition ;

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AWARDS RECEIVED

Best micro start-up entrepreneur of the year 2012-

United Nations Conference on Trade and

Development (UNCTAD)

Best rising star in Uganda 2013- Uganda Women

Entrepreneurs’ Association Ltd (UWEAL)

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PASSION FOR SPORTS

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KEY FIGURES ABOUT YOUR BUSINESS

Sales: US$54,000 p.a Employment:10 Full time and 10-20 casual

Growth in past 3

years: Over 100%

Development Plan:

Construct a clinic in my home town for

maternity services; complete a medium

size supermarket facility

22%

33%

45%

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KEY TRANSITIONAL FACTOR

Unshakable relationship with Enterprise Uganda

Eug provided the training and right mindset I

needed to succeed in business

Increased my network with the right people that

provided various opportunities

Thank you very much Enterprise Uganda and

continue with the spirit of promoting enterprise

growth and excellence to increase job creation

for youth.