Last June, the United Nations Development Program released its Human Development Report for Egypt, which noted that 90 percent of the country’s unemployed, estimated to be 8 million, were younger than 30. Not surprisingly, time and again at post-revolution gatherings of political leaders and civil sector organizations set on creating a clear roadmap for the country’s political and economic development, youth entrepreneurship emerges as a key recommendation.
President Obama identified this himself during his last speech on the Middle East. One of the four pillars in aid to the region will be economic modernization, including establishing Egyptian-American Enterprise Funds to stimulate private sector investment, as well as building networks of entrepreneurs and fostering cooperation in science and technology. The hope of his $1 billion debt relief strategy is that Egyptian partners will invest resources to foster growth and entrepreneurship. “Entrepreneurs are brimming with ideas, but corruption leaves them unable to profit from those ideas,” he said.
To read the full, original article click on this link: Egypts Young Entrepreneurs - Entrepreneurship.org
Author:Jonathan Ortmans
