MTN Ghana Foundation launches Enterprise Support Program to invest in youth entrepreneurship

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The Entreprise Support Program, launched by the MTN Ghana Foundation, aims to encourage young people to start businesses and promote creativity throughout the nation. The program, which was developed in collaboration with the Innohub Foundation, is a legacy project of MTN that aims to promote economic empowerment while speeding socioeconomic growth.

Under this collaboration, MTN Enterprise Support Program will provide training, business development support, technical help, and seed capital over a five-year period to 500 small enterprises run by children, students, women, and people with disabilities. 100 Businesses will receive support each year. Selected companies will go through incubation and training on real-world business strategies.

Throughout a five-year time frame, the Enterprise Support initiative will focus on enterprises in all 16 regions of Ghana. The initiative’s first year will focus on businesses in the Greater Accra, Ashanti, and Western regions. Interested SMEs in the areas mentioned are encouraged to apply at https://lnkd.in/eY2ajC-t. The application period closes on April 30, 2023.

Robert Kuzoe, Senior Manager for Sustainability and Social Impact of the MTN Ghana Foundation, emphasized the necessity of such a program during his speech at the introduction of the Business Support Program. He stated:“the aim of this program is to support young entrepreneurs with the requisite skills to help them sustain their businesses for the benefit of our communities and the country at large. During our 25th anniversary celebrations, MTN announced an initiative to drive and support the growth of SMEs and enterprises. It is for this reason that we are committing over GHS1 million to the Enterprise Support Program to boost youth entrepreneurship and innovation and reduce youth unemployment in the country.”

The CEO of Innohub Foundation, Nelson Amo expressed gratitude to MTN for the partnership, adding that the initiative will unlock growth opportunities for SMEs and accelerate youth entrepreneurship.  “The MTN Enterprise Support Program will go down in history as one of Ghana’s most impactful private sector initiatives that will unlock access to finance for micro and small businesses and help them scale. This initiative will go a long way to create pathways for job creation, economic empowerment and build a more resilient economy.”

Kofi Ofosu Nkansah, CEO of the National Entrepreneurship and Innovation Programme (NEIP), praised MTN Foundation and Innohub for their admirable initiative and urged other stakeholders to support similar business initiatives to support small businesses and reduce graduate and youth unemployment nationwide.

The program will target companies in the fashion, food processing, cosmetics, seafood processing, renewable energy, TVET, and other industries as well as the agricultural value chain.

Source: Ghanatodayonline.com

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