The African Entrepreneur Collective (AEC) was founded in Rwanda in 2012, as a collection of business accelerators that support local entrepreneurs to drive job growth.
AEC accelerators partner with young entrepreneurs to build their skills, expand their networks, and grow their businesses so that they may employ others. Since launch, the model has already helped to create over 1200 jobs.
With 200 million people aged 15 to 24, Africa has the youngest population in the world. And yet, 60% of all unemployed in Africa are youth.
Rwanda exemplifies both the challenge and the opportunity facing youth. Roughly 70% of the population is under 35 years old, and the majority of the population works in subsistence farming.
While private sector growth can create jobs for thousands of young people moving off farms each year, Rwanda’s private sector is currently dominated by small enterprises that employ just 1-2 people. While young people are motivated to create their own jobs through entrepreneurship, they often lack the skills, networks, and capital needed to grow their businesses to the size where they can create jobs for others.
AEC seeks to change that paradigm. Through capacity-building, mentorship, advising, and access to affordable capital, AEC removes the barriers so that young people can lead the economic transformation of their countries.
The AEC In Action
While many organisations in Africa support economic development, most focus on the early stages of new business creation or provide short-term services. These offerings generate an abundance of ideas, but too often fail to generate real enterprises that create meaningful numbers of jobs.
Instead of stimulating new business development, AEC’s programs provide on-going support to existing entrepreneurs to enter new markets, strengthen their operations, and ultimately grow their businesses.
The African Entrepreneur Collective believes in a simple concept: In order to create more jobs in Africa, we find the people who are already creating jobs, and help them do it better.
To find out more about the AEC, please visit their website: www/africanentrepreneurcollective
To make a donation to the AEC, please visit: