By Morkporkpor Anku, GNA
Accra, Dec. 10, GNA – The Junior Achievement
(JA) Africa Company of the Year Competition has ended with 60 high school
students from all over Africa participating.
The Company of the Year Competition (COY)
enable these students to pitch their business ideas, where they compete to
demonstrate their business acumen, creativity and entrepreneurial skills as
they present the ideas, products and companies they have created.
Mr Asheesh Advani, the Chief Executive Officer
of JA Worldwide, speaking at the event said the students start and run their
own businesses throughout the academic year and the winner represents their
countries at the regional competition.
He said there is a growing need for young
people to develop their entrepreneurial skills across the continent of Africa.
He said focusing on young people to think of
themselves as job creators was the goal of the effort.
He said JA Africa has grown from reaching over
200, 000 young people last year to 240, 000 this year across Africa.
He said technology was one of the future job
creators and it was for these young people to think about themselves as being
able to create technological jobs.
Mr Advani said by 2020 Management of JA
Worldwide plans to create a global competition, which they have already spoken
to 118 countries.
Mrs Elizabeth Bintiff, the CEO of JA Africa,
said by 2015, Africa would be home to 25 per cent of the world’s youth population
with two-third of African’s population under 25 year.
She said every year approximately seven to 10
million young people in the region enter into the weak labour market, where
high unemployment, low productivity and poverty-level income were commonplace.
“It is for this reason that JA is poised to
blend learning in financial literacy, work readiness and entrepreneurship to
empower young people to secure better lives for themselves, their families and
their communities,” she said.
She said JA Africa provides young people with
the tools and skills they need to prepare for their professional future either
as an entrepreneurs, who creates jobs for themselves and others or employees,
who added value to their employers.
Mrs Bintiff said Africa’s youth are key to the
continent’s future and JA’s work is critical to equipping them with the
relevant tools and resources to secure a better future for them and their
Participating countries are Ghana, Nigeria,
Uganda, South Africa, Burkina Faso, Botswana, Kenya, Zimbabwe, Swaziland and