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