Beekeeping and silkworm farming is an ancient tradition of Ethiopian life, providing food, jobs and much needed income. Silk production or sericulture is a growing industry in Ethiopia and it offers a solution for the government's quest for ways to expand the textile industry. But both practices have never been fully exploited to directly benefit young people.

Alemayehu Konde Koira, Youth Livelihoods Program, senior manager with The MasterCard Foundation, views it as a huge opportunity. With relevant and adequate support, honey and silk production and engagement across their respective value chain could be key sectors of opportunity for young people.

The International Centre of Insect Physiology and Ecology known as icipe with over 20 years of experience in implementing beekeeping and silk farming enterprises in Ethiopia's Tigray, Oromia and Southern Nations, Nationalities and Peoples regions has been matched with the MasterCard

Foundation's commitment of more than 31 million dollars in financial inclusion towards youth employment and education initiatives in Ethiopia since 2010.

Earlier this year, the two organizations announced a 10.35-million-dollar (about 220 million Ethiopian birr) five-year Young Entrepreneurs in Honey and Silk farming initiative aimed at creating employment opportunities for young people through beekeeping and silkworm farming.

The project leaders said that they will mainly focus on peri-urban and rural youth who face a variety of constraints to ensuring sustainable livelihoods and decent incomes. Women will also be employed by the project.

icipe Director General Segenet Kelemu said that the opportunity exists for harnessing the not often exploited potential of honey and silk-based value-added products through income-generating enterprises owned and run by Ethiopian youth. This will enable youths to establish their own businesses.

Honey and silk production business activities have the potential to provide a wide range of economic contributions, mainly income generation from marketing honey and its by-products (beeswax, royal jelly, pollen, propolis, bee colonies, and bee venom) and the creation of non-gender-biased employment opportunities.

While silkworm rearing, on the other hand, is a new agro business technology in Ethiopia and on various occasions has been targeted as a tool for employment creation and poverty reduction.

The Ministry of Women, Youth and Children Affairs and other government departments will select the youth between 18 and 24 years of age who have completed a grade 10 education from the East and West Gojjam of Ethiopia's Amhara region and Gamo Gofa in the Southern Nations.

Young entrepreneurs will receive starter kits and equipment that include modern beehives, honey processors, silkworm rearing trays and silk yarn spinning wheels to get their businesses started.

The project design combines technical skills in production, processing and marketing across the honey and silk value chains, as well as life skills, including entrepreneurship, leadership, interpersonal and communication, business development, and access to financial education and services.

Importantly, the project will create links to local, regional and international markets, as the young entrepreneurs will make the best uses of innovative technologies and acquire tools and resources to develop their own enterprises.

The project will create employment and entrepreneurial opportunities for 12,500 young people in beekeeping and silk farming in Ethiopia for youths out of school and earning an income of less than two dollars day. An additional 25,000 people involved in the value chain will benefit from the project.

The bee and silk enterprises established by the youth are expected to generate income and hence support the household food security.