Rawanda Facing Skills Gap - Exim Bank of India commits Rwf68bn to integrated TVET systemUntitled
Editor's Comments: A recent Skills Audit identified that Rawanda is facing a skills gap. A new program in Technical and Vocational Education & training (TVET) will address this skills gap.
The Government of Rwanda and India Export-Import (Exim) Bank, yesterday, signed a financing agreement, worth $81 million (about Rwf68 billion), to support the establishment of an integrated Technical and Vocational Educational and Training (TVET) system.
The fund will go toward the construction of modern training and production workshops, including equipment for 10 new vocational training centres and four business incubation centres, according to a statement.
The agreement, signed on the sidelines on the ongoing Africa Development Bank Annual Meetings in India, will help accelerate ongoing government efforts to improve quality of technical education and enhancing existing capabilities of institutions to become dynamic, demand-driven, quality conscious, efficient, forward looking and responsive to rapid economic and technological developments.
The Minister for Finance and Economic Planning, Claver Gatete, said technical skills have a crucial role in attaining increased productivity, reducing unemployment, poverty and enhancing socio-economic development in Rwanda. Read the article.