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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

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    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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Tanzania: Development Programme to Improve Employment for 30,000 Youth

bycitibusinessnews
June 20, 2016
in Africa, Southern Africa
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At least 30,000 youth will benefit from a new skills improvement programme that will promote the expansion as well as the quality of skills development opportunities in key economic sectors in Tanzania.

A statement issued by the World Bank said that the Education and Skills for Productive Jobs (ESPJ) Programme for results approved by the World Bank’s Board of Executive Directors will support the establishment and strengthening of institutional mechanisms operationalising Tanzania’s new National Skills Development Strategy (NSDS 2016-2021), which seeks to increase the supply of skills for industries with high potential for growth and job creation in the country.

The 30,000 targeted beneficiaries of the program will include trainees enrolled in university, technical, vocational and alternative training programs in six key economic sectors, namely tourism and hospitality; agriculture, agribusiness and agro-processing; transport and logistics; construction; information and communications technology and energy. Employer participation and labor market relevance of skills development form key elements of the programme.

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New mechanisms being established under the government strategy and funded by the program will include a competitive, results-based Skills Development Fund open to skills training proposals from public and private providers to help address critical skills gaps in these sectors; and Trainee Voucher Scheme for low income youth to remove financial barriers to accessing training programmes.

“The improvement of human capital by helping address the skills gap is critical for the attainment of the country’s goal to become an industrialised economy, create income opportunities and reduce poverty,” said Bella Bird, World Bank Country Director for Tanzania, Malawi, Burundi and Somalia, adding that with the population of jobseeking youths growing ever so rapidly, these actions are important for long term development.

It is estimated that one million young people leave the education system and enter the Tanzanian labour market annually. With the country continuing on its current stable economic growth trajectory, it is expected that the bulk of employment opportunities for these youth will be generated by the private sector. “The private sector is vital to addressing the challenge of unemployment,” said Cornelia Jesse, co-Task Team Leader for the ESPJ.

“That is why in the program’s design, the private sector was involved in consultations from the beginning and they are also part of the institutional structure of the Skills Development Fund.”

The ESPJ is being financed by US$120 million under the World Bank’s International Development Association (IDA) and aligns with Tanzania’s new Five Year Development Plan (2016-2021) which centres on industrialisation and emphasis addressing skills gaps as a critical lever to achieving its goals.

The World Bank’s International Development Association, established in 1960, supports the world’s poorest countries by providing grants and below zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people’s lives.

IDA is one of the largest sources of assistance for the world’s 77 poorest countries, 39 of which are in Africa. Resources from IDA bring positive change for 2.8 billion people living on less than $2 a day.

–

Source: All Africa

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