Society
Entrepreneurship: Training Prepares Youth for Production
"When a country doesn't produce, it remains poor," says Lanto Eric Randrianarimalala, director of Higher Education and Multimedia. For him, training young people is a major challenge in an economy where many turn to services while production remains insufficient. The goal now is to train a generation that doesn't just seek employment, but is capable of entrepreneurship, production, and job creation. However, this ambition faces obstacles, particularly the cost of higher education. For young people from modest backgrounds, financial difficulties can compromise their studies despite their skills and potential. It is in this context that the Basket Fund aims to mobilize financing to allow deserving young people to continue their education. Depending on the candidate's profile, aid can cover 10% to 80% of training costs, based notably on results, potential, motivation, project, and family financial situation. The objective is also to guide beneficiaries toward entrepreneurship, production, export, and job creation. Beneficiary selection will be through competition. More than 65 candidates have already registered and 60 will be selected for the first year. Proposed training covers business management and creation, leadership and public management, communication and multimedia, and international trade. Basket Fund financing relies on contributions from businesses, individuals, and various partners. Among the first contributors is Faly Export, which provided 10 million ariary: 5 million for education financing and 5 million as a startup fund for beneficiary projects. Through this initiative, the goal is to answer an essential question: how can we better train young people so they become actors of production, entrepreneurship, and economic development?
Source: L'Express de Madagascar