YERF’s Vuli Simelane during the Summit


Young entrepreneurs converged to share experiences and learn from industry experts in Manzini’s first Youth Entrepreneurship Summit held last week. The Summit saw stakeholders, including the Youth Enterprise Revolving
Fund (YERF), Small Enterprises Development Company (SEDCO) and the Eswatini National Youth Council (ENYC) meet to
impart ideas to the youth. YERF’s Vuli Simelane shared useful business success tips, encouraging aspiring young entrepreneurs to make sure that they form partnerships to avoid business failure. “It has been proven that partnerships can prevent businesses from failing. I would like to encourage the youth to consider such an idea,” said Simelane. He continued to urge the youth to be always hungry for business knowledge, which would always
help them succeed in their business endeavors. The issue of business plans proved to be a major concern as young people dwelt longer on the subject. Simelane said budding entrepreneurs should ensure they formulate winning business plans in order to get funding from financial institutions, as well as from the YERF. On another note, SEDCO urged the youth to make use of the organization’s 10-day training program, which pays much attention on
business idea-generation, marketing and writing of business plans among others. SEDCO’s Thembi Zondo said the program was beneficial to the young people, as they also received certificates of attendance that helped when seeking funding. Meanwhile, the facilitator of the Summit, Sebenele Nkambule, who is also an entrepreneur, said the initiative was aimed at closing the gap when it came to networking among young entrepreneurs. Nkambule said both SEDCO and YERF shared useful business expertise, justifying the need to hold a similar Summit regularly. “We aim
to host such summits even next year, probably three times a year, where we will try and invite all financial institutions and other relevant stakeholders,” said Nkambule.

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