Youth entrepreneurship

world bank group

Inclusive private sector development, youth and women entrepreneurship promotion in Congo Republic.

National development plan in Congo Republic requires diversification of the economy and a strong private sector.

Context

  • National development plan in Congo Republic requires diversification of the economy and a strong private sector.
  • A dense network of existing and start up SMEs is the driving force behind an inclusive and sustainable economic growth.

Transformative approach

  • Revitalize the entrepreneurial culture in the Congo.
  • Encourage the emergence and growth of a network of dynamic and innovative SMEs in priority sectors (agro-industry, tourism, digital economy, etc.).
  • Facilitate market connections and access to finance for SMEs, develop entrepreneurial and management skills.
  • Contribute to sustainable jobs creation of for young people and women and to economic growth.

Our achievements

  • Reinforcement of the capacities of the SMEs development ecosystem (partnerships between consultants, private companies, financial institutions, development agencies, etc.).
  • Development of 180 new businesses.

applications

detailed business plans developed (cycle 1)

winners awarded 598.4 million CFA francs (approx. 912,300 euros)