Home » Industry » AfDB Avails $U.S.12,2 Million for Youth Projects

THE AFRICAN Development bank has availed a grant of $12,2 million for Youth And Tourism Enhancement and the Governance and Institutional Strengthening Projects. The youth and tourism enhancement project involves the development of a tourism master plan. The funding will also go towards improving public sector capacity for economic recovery through the Youth and Tourism Enhancement.

Speaking at the launch of the two projects AfDB resident representative Mr Mateus Magala said the funding will go a long way in supporting Tourism and Mining sectors of the economy.

“The bank and the Government have worked together in developing these projects that were approved by the executive board of African Development Bank in December 2013 for about $8 million and about $4,2 million,” said Mr Magala.

The Governance and Institutional Strengthening Project aims to improve transparency and effectiveness in public finance and economic management with emphasis on four mutually complimentary interventions.

The Ministry of Finance and Economic Development is responsible for overall co-ordination and project implementation.

Youth and Tourism Enhancement Project seeks to conduct youth capacity building in entrepreneurship development through the training of 1 000 youths in 42 Vocational Training Centres in carpentry, horticulture, motor mechanics, brick and block, fabrication engineering, clothing technology, tourism and hospitality and ICT.

The Youth and Tourism Enhancement Project also focuses on improving the environment for tourism and youth business development.

This will cover the development of a National Tourism Master Plan, providing information on skills needs, infrastructure needs, opportunities in the sector and partnerships.

It also involves strengthening management information system at the Ministry of Tourism and develops the Central Business Observatory at the Ministry of Small to Medium Enterprises.

The data base will link all 72 districts of the 10 provinces to the central system in the SME Ministry in Harare.

Permanent secretary in the Ministry of Mines and Mining Development Professor Francis Gudyanga said the assistance from AfDB will help in the resuscitation of the mining industry.

Source : The Herald