Date: Thu, 29 Dec 2011 11:08:39 +0100
AfDB invests $19.2m into Eritrea's education sector
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http://www.ghanabusinessnews.com/wp-content/uploads/2011/06/African-Developm
ent-Bank.jpgThe African Development Bank (AfDB) Group is putting in $19.2
million to improve equitable access, quality and relevance of technical,
vocational education and training in Eritrea.
The project is jointly financed by the AfDB's African Development Fund (ADF)
and the Eritrean government who is contributing an amount of $2.06 million.
The key outcome of this project will be an increase in the supply of quality
middle level technicians needed by the Eritrean economy and specifically
mainstream entrepreneurship while institutionalizing studies to measure the
external efficiency of training systems, the AfDB noted in a statement.
About 50,000 students are said to be targeted by the project as well as
other beneficiaries including instructors, adults living near the technical
institutions who will have access to training or retraining in selected
modules in various trades.
"The project was in line with the Bank's Higher Education, Science and
Technology strategy and the State of Eritrea's prioritization in these
sectors. It will contribute to foster inclusive economic growth", said AfDB
Vice President Kamal El Kheshen.
To date, the Tunis-based bank says it has already financed two education
projects in Eritrea for a total amount of $50.47 million.
By Ekow Quandzie
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