Young people aged 18 to 35 represent 57% of the labor force in Cameroon¡ªbut many struggle to find work. With rapid population growth and urbanization, the need for better employment opportunities is urgent. The United Nations forecasts that by 2050, 70% of Cameroon¡¯s population will live in urban areas. While this presents a chance to reap the benefits of a demographic dividend, it also raises the risk of deepening poverty and exclusion if jobs do not keep pace.
To meet this challenge, Cameroon is implementing a dual-track approach to youth employment through the Adaptive Safety Nets and Economic Inclusion Project, supported by the World Bank. Two innovative programs under this project - the Business Plan Competition (BPC) and the Economic Inclusion of Youth (EIY) - are helping to unlock opportunity for thousands of young people in the country¡¯s main cities.
Catalyzing Job Creation for Young Entrepreneurs
The Business Plan Competition (BPC) program targets emerging entrepreneurs who are ready to scale their businesses. It provides grants of $10,000 to $20,000, alongside coaching and support for formalization. With a focus on high-growth sectors and women-led enterprises, the program is supporting 2,000 young business owners¡ªwith the potential for a ripple effect in job creation.