Tanzania economy has been creating fewer and fewer jobs, worsening the country’s labour force which experiences pressure from youths graduating from colleges every year.
Figures from the National Bureau of Statics indicates that in 2014 the country created as low as 282,382 formal jobs against more than 400,000 graduates who left colleges.
If the 2014 formal employment figures is anything to go by Tanzania needs to do a lot to increase employment opportunities.
Probably, the only remaining solutions to unemployment is through self employment (entrepreneurship). But worse enough even youth who want to venture into businesses don’t know how to do it because the education system does little or no trainings on entrepreneurship.
Even as the Fifth Government is at the forefront of promoting industrialization as a strategy to achieve middle income state by 2025, lack of entrepreneurial skills may act like a stumbling block to achieving this target.
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What are the benefits ?
Start up programs provide the entrepreneurs with tools and training that helps to build successful, sustainable businesses and connects them to local market opportunities, business services, and microfinance opportunities.
What is the Debt - to - Equity Ratio
Debt to Equity ratio is a financial ratio indicating the relative proportion of shareholders’ equity and debt used to finance a company’s assets. Closely related to leveraging, the ratio is also known as Risk, Gearing or Leverage.