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THE ALARMING YOUTH UNEMPLOYMENT IN CAMEROON

According to a research carried out by the Cameroon Startup Academy in 2015, one of the main causes of the alarming youth unemployment in Cameroon is due to the fact that there are so many Universities and Higher institutions providing general education with no marketable skills needed by employers. This leads to a situation whereby, there are thousands of youths graduating every year, but very few jobs to accommodate them. Employers are interested in the skills and competence of youths not the level of education nor the number of diplomas obtained. The positive side of this massive unemployment rate is the fact that, youths have learned how to be creative and innovative in order to raise funds to feed themselves and provide for their needs. However this potentials are not able to be fully exploited due to lack of capital and technical know how to materialize their ideas into potential businesses. One out of every three youths in Cameroon has a business idea written down and stored in their boxes, waiting for the perfect opportunity to impact the world with their creativity. Reason for the creation of the Cameroon Startup Academy. To identify such ideas, provide high intensive training on starting up and managing businesses, provide templates of all forms needed to create, run and manage a business, train youths on techniques of fund raising to startup their businesses as well as source for investors.

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