African Development Bank Group, Government of Tanzania launch $54 million Initiative to drive Job Creation for Youth in Zanzibar’s Blue Economy

June 14, 2023 AELEX Admin 0 Comments

The African Development Bank Group and the Republic of Tanzania have launched the Skills Development for Youth Employability in Blue Economy project. This is a project that will enable Zanzibari youth to find well-paying maritime and other blue economy jobs. The Bank is providing grant financing of $48.65 million for the project, with the Tanzanian government contributing an additional $5.42 million. Both parties signed the grant agreement on the 21st of November 2022, with its official launch taking place on 17 May 2023. Read more

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