FedEx, Citi Foundation and Others Support Youth Entrepreneurship as JA Africa Hosts 11th Company of the Year Competition

FedEx, Citi Foundation and Others Support Youth Entrepreneurship as JA Africa Hosts 11th Company of the Year Competition

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February 21, 2022, Accra – JA Africa’s Company of the Year Competition (COY) returns for the 11th edition from February 24 – 26, 2022, bringing together Africa’s most impressive high school entrepreneurs for this contest of business skills, ingenuity, and innovation. COY 2021 will be hosted virtually by JA Mauritius under the theme ‘Innovating with Grit.’ The theme is inspired by students who have demonstrated resilience and adaptability in overcoming setbacks caused by the COVID-19 pandemic. Businesses that have survived the pandemic are those that were able to innovate and adapt quickly to new systems and processes that enabled them to continue serving customers despite school closures and other challenges.

 

The competition, organized annually, is the culminating event of the JA Company Program, which is a 16 week-long business training program that equips young people with entrepreneurial and employability skills needed for career success. Working in teams, the students develop their business skills by starting their own companies while in school. They design, produce, market, and sell their products and services, giving them real-world exposure to the world of business.

 

“We are grateful to our headline sponsors FedEx and Citi Foundation, who have supported this competition from inception eleven years ago,” said Simi Nwogugu, CEO of JA Africa. “Our partners from PMIEF and Tomorrow Foundation have enhanced the Company Program by infusing it with project management principles and digital skills training to better prepare our beneficiaries for the future of work.”

 

Nine teams have emerged as finalists from Côte d’Ivoire, Eswatini, Kenya, Mauritius, Nigeria, South Africa, Uganda, Zambia and Zimbabwe, and will battle to impress JA Africa’s panel of judges comprising global business professionals to earn the coveted title of Company of the Year and the prizes that come with it. The highest among the prizes at stake will be the opportunity to represent the Africa region at the Ralph de la Vega Global Entrepreneurship Competition which will bring together COY winners from the six regions where JA Worldwide operates to compete for awards, $15,000, educational opportunities, and more.

 

For information on how to watch COY 2021 online, visit www.ja-africa.org/coy2021.

 

JA Africa:

Junior Achievement (JA) Africa equips young Africans with the employability and entrepreneurial skills and mindset they need to build thriving communities. Through the delivery of financial literacy, work readiness, and entrepreneurship training and in collaboration with schools, technical/ vocational centers and other partners, JA Africa works in 13 countries reaching over 250,000 youth each year. Learn more about us at www.ja-africa.org.

FedEx Corp:

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $90 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its 600,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit about.fedex.com.

 

Citi Foundation:
The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant communities. The Citi Foundation’s “More than Philanthropy” approach deploys the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation.

Tomorrow Foundation:

Tomorrow Foundation supports African development. They harness technology and bring the most useful techniques and technologies affordably to all Africans to improve their living standards and boost the economies of African countries.

 

Junior Achievement Uganda Announces a Partnership with Ray of Hope Medical Missions

Junior Achievement Uganda Announces a Partnership with Ray of Hope Medical Missions

Junior Achievement (JA) Uganda and Ray of Hope Medical Missions are proud to announce a strategic partnership that will result into a cutting-edge, experiential and inspirational learning opportunity for at least 100 youths in villages around the Hope Centre, in Bigando, Rakai District.

The partnership brings together both organizations whose missions are largely similar when it comes to youth development. Tailoring JA’s tested and proven practical entrepreneurship, financial literacy plus skills for employability model–The JA Company Program. JA shall involve an innovative approach that blends the acquisition of technical skills with an entrepreneurial perspective at the same time cultivating positive attitudes and other salient soft skills that will enable the youth in Rakai to learn to work and win with others in society.

JA Uganda and Ray of Hope will pilot this program in 2022 among under privileged young people in Rakai between the ages of 18-35. We shall involve an innovative approach that blends the acquisition of technical skills with an entrepreneurial perspective at the same time cultivating positive attitudes and other salient soft skills that will enable the youth learn to work and win with others in society.

This learning by doing practical methodology delivered in small groups  deep-dives them into the economic world putting them at the Centre stage of the learning process, evoking knowledge, ability to do, eagerness to act (i.e. utilizing knowledge and skill acquired) to enable them stand up and be counted plus live together in fair and economically able livelihoods.

 

The Learning Concepts will Include; Self-awareness, Exploration of own environment, skills, abilities and resources for business idea generation, Business plan, Capitalization, Company structure, Entrepreneurial facts, myths, and traits, Financial tools, Launch a business venture, Leadership, Marketing, Personal action plan, Pitch, Product development process, Product and service evaluation, Quality control, Sales techniques, Supply chain, SWOT analysis, Annual reporting, Liquidation etc. Participants shall be inspired to form and register formally group venture to benefit from available youth, women and many more government prosperity/empowerment initiatives.

The outcomes of the proposed project will be empowered youth in the community with Entrepreneurial skills and knowledge that is necessary for them to establish and effectively manage businesses enterprise.

 

5 of the trained youth will receive additional training so they can mentor both other youth for sustainability purposes.

 

About JA Uganda:

Junior Achievement (JA) is one of the largest global NGOs dedicated to addressing fundamental social and economic challenges of young people by educating and empowering them to transform their future and own their economic success.

Through the delivery of cutting-edge, experiential learning in financial literacy, work readiness, and entrepreneurship, we effectively broaden the canvas of possibility for young people and enrich their ability to both engage in their own economic development and contribute to the strength of their families, communities, and economies.

 

Junior Achievement Uganda (JA) is a non-profit organization established in 2008 in Uganda as a member nation of JA Worldwide operating mainly in schools & for the last 3 years, involving out of school youth impacting over 130000 learners with the JA flagship program—the JA Company Program to date.

About Ray of Hope Medical Missions:

Ray of Hope Medical Missions is a 501c (3) non-profit organization on a mission to catalyze positive change among underprivileged communities. Since its beginnings in 2012, the organization has been striving to make a global impact by sharing Christ’s love, facilitating life-changing surgeries for children of underdeveloped countries, reducing infant mortality by providing a modern birthplace; and providing mission opportunities both internationally and in the home.

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JA Uganda Welcomes Back Rachael Mwagale As New Executive Director

JA Uganda Welcomes Back Rachael Mwagale As New Executive Director

2nd December, 2021. JA Uganda announced today that Rachael Mwagale has been appointed new Executive Director of the organization. An experienced business leader, Ms. Mwagale succeeds Mr. Geofrey Wakhakunyu and assumed responsibilities effective November 2021. Mr. Wakhakunyu has taken on a new role as Programs Director.

Rachael is a seasoned social entrepreneur, an experienced business strategist and a graduate of Makerere University (BA Hons) Social Sciences. She has worked with various organizations in contributing to empowering businesses to reach their next level of growth through creative sales and marketing drives. She is passionate about skilling young people of Uganda and empowering mindset transformation fit for the 21st century work skills. Rachael is highly motivated team player, expert in stakeholder management, strategic planning and government relations, business process analysis, training and capacity building, sales and marketing, events management, mentoring and skills coaching. 

The JAU Board is optimistic about Rachael’s appointment. Having been a passionate member of the team before and now returning we hope to see a new drive fit for this organization.

While Rachael was at Miss Uganda Foundation she supported fundraising drives and as well impacted young ladies in pageantry to embrace ‘beauty with a purpose’ and gave a new face to beauty  ultimately engaging in corporate social responsibility which changed the stakes for Miss Uganda at the world level constantly winning us the first ever Miss World Africa in 2019 Quinn Abenakyo!

 

About JA Uganda

Junior Achievement (JA) is one of the largest global NGOs dedicated to addressing fundamental social and economic challenges of young people by educating and empowering them to transform their future and own their economic success.

Through the delivery of cutting-edge, experiential learning in financial literacy, work readiness, and entrepreneurship, we effectively broaden the canvas of possibility for young people and enrich their ability to both engage in their own economic development and contribute to the strength of their families, communities, and economies.

Junior Achievement Uganda (JA) is a non-profit organization established in 2008 in Uganda as a member nation of JA Worldwide operating mainly in schools & for the last 3 years, involving out of school youth impacting over 130000 learners with the JA flagship program—the JA Company Program to date.

 

Media Contact:

Media Contact:

T: +256 703 105136

[email protected]

 

 

JA Uganda Hosts Closing Ceremony for the Cha Ching Financial Literacy Program for Primary Schools

JA Uganda Hosts Closing Ceremony for the Cha Ching Financial Literacy Program for Primary Schools

Junior Achievement Uganda through its regional office Junior Achievement Africa and Prudence Foundation, the community investment arm of Prudential in Asia and Africa, partnered to educate and inspire Africa’s youth on financial literacy through the Cha Ching program.

The Cha Ching program primarily targets students ages 9-11 years, teaching them lessons that focus on four financial concepts; Earn, Save, Spend and Donate, and provide tools for them to become financially savvy adults.

 

Pupils are encouraged to use critical thinking to make decisions on how they manage their money applying the four concepts: Earn, Save, Spend and Donate in their daily lives which supports positive attitudes as they explore and enhance their money management skills early in life.

The program was undertaken by 17 schools in Kampala, Wakiso and Mukono in 2021.  JA Uganda greatly appreciates the support and close work relationship we have had with the ministry of Education and sports and the education departments in Kampala City Council Authority, Mukono and Wakiso districts.

This program is funded by Prudence Foundation the Community Investment arm of Prudential in Asia. This is in an effort to bring lasting impact to societies through sustainable initiatives focused on education.

Mr. George Muteekanga, Commissioner Private Schools and Institutions at the Ministry of Education and Sports attended the closing ceremony and said that “today’s economic challenges affect young people tremendously if not tackled with expertise. Empowering young people to transform their future and own their success is something this program excels at and this creates a positive impact”

Five Steps to Becoming an Entrepreneur

Five Steps to Becoming an Entrepreneur

Evaluate Your Skills

Take your time to be real honest with yourself. Asking questions that aim to expose your strength and areas of improvement can be a great start. Knowing this is a crucial step to your success as an entrepreneur: it helps you identify which areas need more focus than the others; and if necessary where you need help. For instance, you might discover that you are not good at marketing, and so you will need a person experienced in that field to help you.

Research

Now that you have your business idea, it’s time to identify who you will be competing against. Learn about their market size, their customers, their marketing strategies and if necessary their weakness. This is necessary because it helps you determine the market for your business.

Make a business plan

A business plan acts like a roadmap to every business. If you already know every plan of your business, that’s very great. But even if you don’t know at the moment, that’s okay, Entrepreneurship is a process. If you are confident with designing a business plan, 30 minutes will be enough. Most of the business plans are changed as the business grows. Make it as flexible as you can for any future adjustments.

Find a mentor

“Find a great mentor, someone who has already been through the challenges of being an entrepreneur” Jodi. Align yourself with a person who is going to give you advice and support. Look for someone whose business you admire, ask them valuable questions and take the advice they give you seriously. As lucky as you are, most of them are happy to help.

Get into the Entrepreneurial Mindset

All the above steps can end in vain once you fail to develop a mindset as that of Entrepreneurs. As an entrepreneur, be ready to win or lose. But once you fail, just know that most entrepreneurs have been through this. Fail first and learn your lesson. Above all, move on and remember that you are only accountable to yourself. You might need to learn more about the Entrepreneurial mindset by reading books and visiting top entrepreneurial websites. Make sure to apply what you learn!!