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CABINET APPROVES BORROWING US$100MILLION FOR SKILLS DEVELOPMENT

25th June 2015
PRESS STATEMENT

Cabinet has approved the borrowing of (US$100million) from the International Development Association (IDA) to support Skills Development and enhancement in Uganda.
The training aspects to be developed under the proposed project are in tow broad categories, namely:
(i)    Institution-based training, and
(ii)    Enterprise-based training.
Institution-based training is within Business, Technical and Vocational Education Training and will involve public and private training institutions.
Training will cover mainstream labour skills to ensure relevance with market needs and gender inclusiveness and socio-economic equity regarding employment and wealth creation in Uganda.
Enterprise-based training will cover the informal sector to improve appropriate skills development. Specific areas will include craftsmanship, enhancement oflocal innovations and technologies, agri-business value addition, electrical /cottage and garment production skills with emphasis on quality assurance required by the market.
This is in line with Government’s increasing shift towards skills development, aligned with our emerging policies, regional and international trends. We are confident that such skills development intervention will meet the current requirements of Uganda’s rapidly growing economy.
Cabinet has, therefore, authorised the Ministry of Finance, Planning and Economic Development to proceed to Parliament to seek approval for the borrowing of the (US$100 million) from the International Development Agency so that the project starts as soon as possible.

For God and my Country.

Jim K. Muhwezi, MP
MINISTER OF INFORMATION AND NATIONAL GUIDANCE