Consortium 101 launched in Oshana Region

22 Mar 2016 19:10pm
ONGWEDIVA, 22 MAR (NAMPA) – About 200 young people met here on Monday to discuss youth empowerment solutions that will lead to economic prosperity.
The gathering culminated in the launch of the “Consortium 101” youth initiative for the Oshana Region under the leadership of Paulus Paulus Kathanga, who was elected chairperson.
The consortium was established in line with the Affirmative Repositioning (AR) youth empowerment organisation’s strategy and mission to direct the youth towards practical economic freedom.
The event came after a group of up to 200 youth met on 28 February this year at the Ondangwa Airport Lodge to facilitate a practical meeting for Oshana youth to discuss gaining economic freedom.
This, according to AR and Consortium 101 co-founder Job Amupanda, will be done by “equally distributing the tenders in different Government developments in all regions in order to have direct benefits for the youth entrepreneurs and others who will benefit in terms of employment”.
Each of the 200 stakeholders is expected to own a share of 0.5 per cent of the consortium.
AR co-founder Dimbulukeni Nauyoma said the consortium will promote trade within and among small and medium enterprises (SMEs), mainly the ones owned by the youth.
He said the appointed chief executive officers of the consortiums will have the responsibility of evaluating SMEs owned by the youth to first and foremost trade among each other and encourage local economic growth.
“Consortium 101 has no political agenda and we are mainly just fighting for economic freedom by making as much money as possible so that it is able to sustain not only oneself, but their entire regions at large,” Nauyoma stated.
He encouraged the youth, who are part and those who aim on becoming part of the consortium, to ensure growth of their respective regions as active members of the consortium.
The consortium aims to ensure that by the end of the year, 4 800 youths are employed.
The idea is expected to spread to the other 13 regions, and regional consortia will be named sequentially until “Consortium 114” is established.