Young people in North Africa and elsewhere in the Arab world are having a tough time finding good economic opportunities. High youth unemployment, which was cited as a major contributor to the Arab Spring popular uprisings more than 15 years ago, has only increased. More than 30% of young people are not enrolled in any form of education, employment or training; most end up in the informal economy.
Cairo-based Business For Teens is tackling the problem by partnering with schools to offer entrepreneurship training and financial literacy skills to kids aged 10 to 16. The company works with 10 schools in Egypt and Saudi Arabia.
It raised an undisclosed amount of seed funding from a group of angel investors to support its goal of expanding to 30 schools and training 6,000 students in 2026.
