Business

Stanbic Bank, 2 others partner to nurture entrepreneurs

 Stanbic Bank’s Incubator has partnered with Boxplay and Junior Achievement (JA) Ghana to launch the ‘Back to Basics’ programme.

This initiative is aimed at nur­turing entrepreneurs and cultivate successful businesses, contribut­ing to the growth and resilience of the Ghanaian economy.

Hamza Mumuni, Manager of the Incubator, Enterprise Direct Propositions, Business and Com­mercial Banking at Stanbic Bank Ghana, speaking at the launch held in Accra highlighted the sig­nificance of the ‘Back to Basics’ programme emphasising its role in nurturing entrepreneurship among the youth.

“Our goal is to cultivate an entrepreneurial spirit in young people. However, before we can achieve that, we must equip them with the essential skills and foundational knowledge necessary for success. This programme is specifically designed for young individuals who are passionate about starting their own business­es, as well as those already in the business sector looking to scale up. We aim to inspire and instill a business mindset that will pave the way for future success,” he explained.

The Executive Director of JA Ghana, Abeiku Greene, said the partnership was critical in building the requisite skillset for start-ups and entrepreneurs to succeed.

“We’ve had a long-standing partnership with the Incubator since 2019 and this is another way to make the relationship even stronger. Our mission is to help young people develop the skillset and experience required for them to be successful adults and busi­nesses people, and we thought partnering with Stanbic Bank and the Incubator because we share the same aspiration and the same vision in terms of helping start-ups and helping young people who want to drive our economic development,” he said.

“What is unique about back to basics is it’s not your typical for­mal workshop where everything is by the book. It is informal and interactive that allows participants to ask questions and I believe this will make much more impact. Is our hope that through this we will be able to give young people strong foundations to build sus­tainable businesses,” he added.

The ‘Back to Basics’ initiative, a partnership between Stan­bic Bank, Boxplay and Junior Achievement (JA) Ghana, is a series of discussions tailored for aspiring young entrepreneurs, as well as those interested in the start-up ecosystem.

The programme focuses on enhancing participants’ products, services, and business strategies to foster the development of sustainable enterprises. Partic­ipants will be guided through critical aspects of entrepreneur­ship, including business model development, market analysis, and growth strategies.

The programme also offers insights on how to build scalable start-ups and achieve prod­uct-market fit.

According to the 2023 Annual Household Income and Expenditure Survey (AHIES) by the Ghana Statistical Service (GSS), 1.9 million youth aged 15 to 35 in Ghana were not engaged in education, employment, or training (NEET) as of the third quarter of 2023.

BY TIMES REPORTER

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