Youth business post impressive success rate

Monday, September 22, 2014

Close to 70% of youth businesses have survived first five years of operation

Youth enterprises in Gaborone that were funded under the Youth Development Fund seem to be performing well with a larger percentage of them surviving beyond the five-year start period, figures provided by the Ministry of Youth, Sport and Culture show.

Having funded a total of 172 projects in Gaborone to the tune of P17.6 million since its inception in 2009, 116 youth projects are still surviving while the remaining 56 have collapsed.

This represents about a 67 percent success rate against a global benchmark of 20 percent.

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Youth business post impressive success rate

Youth enterprises in Gaborone that were funded under the Youth Development Fund seem to be performing well with a larger percentage of them surviving beyond the five-year start period, figures provided by the Ministry of Youth, Sport and Culture show.