The Ministry of Finance has signed an agreement with the European Union (EU) that will see the training of 150,000 Technical, Entrepreneurial and Vocational Education and Training (Tevet) students and support over 3,000 entrepreneurship ventures in the country.
The grant, pegged at €55 million (about K51.8 billion) will run for seven years and is expected to create new jobs through stimulation of job creators.
During the signing ceremony, which took place in Lilongwe Wednesday, Minister of Finance, Felix Mlusu, stressed the need to create job creators as opposed to job seekers.
“The programme will improve the workforce and promote entrepreneurship culture and decent jobs. This programme is in line with our goals. The government will be looking also in the programme for creation of one million jobs as promised by the Tonse Alliance,” Mlusu.
Acting EU Ambassador to Malawi and Head of Cooperation, Ivo Hoefkens, said the programme follows the new Africa-Europe Alliance for Investment and Jobs announced in September 2018.
“The programme aims at improving the employability and self-employment opportunities of young Tevet graduates and entrepreneurs with special attention to women entrepreneurs,” Hoefkens said.
The main partners of the initiative are the Ministry of Labour and the Ministry of Industry.
EU has been supporting Malawi in various areas including education, health, agriculture, good governance, infrastructure development, accountability, social protection and access to justice with a funding portfolio of hundreds of billions of kwacha.
Deputy Minister of Labour, Vera Kamtukule, said they are grateful for the support as many Malawian youths would get jobs through it.
The Tonse Alliance administration recently launched a roadmap to fulfil its promise of creating one million jobs.