Delegate Output Report
Partnersâ€™ Fair & Panel Discussion
How Our Sponsors Support Entrepreneurship
AIESEC Present in 128 countries and territories and with over 80,000 members, AIESEC is the worldâ€™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.
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.
55% of respondents are female 45% of respondents are male
17.4% are 18-21 64.2% are 22-25 18.3% are 26-30
Out of the 109 surveys completed
83.5% currently live in Windhoek
7.3% are in Highschool 20% are in a College or VTC 67.9% are undergraduates 4.6% are postgraduates
Survey Results Planning to become an entrepreneur 53% of the respondents plan to become entrepreneurs within the 5 next years while 40% are already entrepreneurs
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 1. Risk-taker 2. Innovative/Creative 3. Great with people
Influential individuals helping with career decisions
Biggest barriers to start and run a business
1. Inability to get funding 1. Successful Entrepreneurs 2. Parents/Relatives 2. Financial risk 3. Concrete Business Idea 3. Friends & Opinion Makers
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
TOP 5 Skills to develop to become an entrepreneur 1. Marketing & Sales 2. Critical Thinking & Problem Solving 3. Leadership/Team Management 4. Understanding of Finances & Budgets 5. Judgement & Decision making
Suggested ways or methods to develop those skills
At conferences 2. By doing and trying 3. Formal Training Programmes 4. Coaching/Mentoring 5. Self teaching (books/internet)
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
Safari Conference Centre | 11 April 2015 135 youth delegates | 40 business and media representatives
THEME Youth Entrepreneurship, Solution to Unemployment? Sponsors Platinum
Power Talks • • •
Lazarus Nafidi Daisry Mathias Regto David Ndemufayo
Ally Angula Michael Amushelelo
Panel Discussion (Moderator: Taleni Shimhopileni) • • • • • • •
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)
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
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.
Daisry Mathias(Team Namibia CEO) Youth Taking Ownership of Vision 2030 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
Regto Ndemufayo David (Go Safe â€œEenda Nawaâ€? Founder & MD) Entrepreneurship as a way of tackling socio-economic and environmental challenges
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.
Ally Angula (LEAP Holdings Founder & MD) Entrepreneurship & Failing Forward
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.
Michael Amushelelo (Amushe Inc. Founder & CEO) Ups and Downs of the entrepreneurial life
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.
Partners Fair Our partners were able to communicate their organizationâ€™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.
After the partnersâ€™ 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, selfleadership, 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
Workshops There were two rounds of workshops, each workshop lasting 90 minutes. Round 1 Developing a funding proposal environmental project enterprise
Promoting a culture of mentorship and voluntary internships amongst the Namibian Youth Social Innovation, Idea Creation Workshop Funding & Schemes entrepreneurship
Round 2 Serious about business? Help those who help themselves
How to sell your business idea
Financial Literacy for starting a business
EIF - Developing a funding proposal for an environmental project enterprise Average Rating from 12 delegates
“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
“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”
NBII- Social Innovation, Idea Creation Workshop Average Rating from 14 delegates
““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”
DBN – Funding & Schemes Supporting Youth Entrepreneurship Average Rating from 14 delegates
“I liked the fact that DBN gives grants/loans to almost all sectors” “I liked the presenter feedback, connection and positive assistance”
SME Compete – Serious about business? Help those who help themselves Average Rating from 16 delegates
“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”
GBL – How to sell your business idea Average Rating from 24 delegates
“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”
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.” Welwitschia – CV/Interview Skills Average Rating from 6 delegates
““Eye opener, Very informative” “I feel more confident for my next interview”
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 â€œSometimes 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 letâ€™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 forumâ€? Brisetha Hendricks - AIESEC Member & delegate
How Our Sponsors Support Entrepreneurship
Our work in Namibia
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 Namibiaâ€™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: cooperationâ€™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.
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 (SMEâ€™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
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 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.
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
AIESEC UNAM President
AIESEC UNAM – Teamster
Ndina Kapuka AIESEC IUM – Teamster
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 firstname.lastname@example.org 0814060902
Report of the first edition of the Namibia Youth to Business Forum held on the 11th April 2015 at Safari Hotel & Conference Centre. Theme: Y...
Published on Apr 28, 2015
Report of the first edition of the Namibia Youth to Business Forum held on the 11th April 2015 at Safari Hotel & Conference Centre. Theme: Y...