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Teveta facilitates K16m business loans

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The Technical Entrepreneurial Vocational Education and Training Authority (Teveta) says it has managed to facilitate business loans worth K16 million for students who successfully completed their training with the authority.

And according to Teveta Regional Service Centre Manager for the north, Conceptor Kachoka, the loan facility, obtained through OIBM, has helped the alumni to set up various business ventures, creating job opportunities for many people in the northern region.

“Tevet Planning and Research Department works with OIBM officials in conducting impact assessments for the loans. We make sure that we follow up on those who access loans so that they repay,” said Kachoka.

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Kachoka was speaking when the Authority presented certificates of excellence to 155 students who graduated from various institutions offering technical and entrepreneurial training in the northern region.

“Most of those graduating today concluded their training some two months ago and have already been absorbed into various industries,” said Kachoka.

Chairperson of Informal Training Colleges in the north, Ruda Khonje lamented an increase in prices for raw materials used in the informal sector.

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“Technical training is more practical that theory and learners need to practice even more but unfortunately the cost of materials keep going up affecting institutional intakes,” said Khonje.

Khonje also lobbied for increased funding to informal training institutions for more yo

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