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- Kenya defies economic shocks to post record $22 billion in tax collections
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- Lamu over Tanga: The commercial calculus that cost Tanzania $20bn refinery
Browsing: unemployment
Tanzania’s third five-year development plan focuses on creating employment for its fast-growing youth population. The country plans to increase the employability of its graduates and youth in general through a comprehensive skills development program. According to a report, Tanzania’s five-year development plan will cut unemployment from 9 per cent in 2019 to 8 per cent by 2025/26.
According to the World Bank, skilled workers enhance the quality and efficiency of product development, production, and maintenance and supervise and train workers with lesser skills. As a matter of fact, countries with well-established TVET systems tend to enjoy lower youth unemployment.
This is because the orientation of TVET coupled with the acquisition of employability skills allows it to address issues such as skills mismatch that has impeded smooth school-to-work transitions for many young people. Lower youth unemployment is key to improving lives and building stronger communities necessary for growth.
There is no doubt that Kenya, Tanzania and Rwanda are leading their East African counterparts in promoting technical skills training in their respective countries.
The index pointed to a solid improvement in the health of the private sector economy, helped by a recovery in business activity as Covid-19 cases continued to fall across the country.
New business levels at Kenyan companies rose sharply in February, as survey panellists commented on a rebound in customer demand and increased marketing efforts.
The rate of growth was the second-fastest since October 2020.
Export sales rose to a much greater extent than in January, but growth remained weaker than seen in the fourth quarter of last year.
Zimbabwe’s food security levels are quite low, but there is a promise of a better outcome from the previously anticipated situation. This is mainly because the country has received above-average levels of rainfall during the current rain season. There is hope that the expected bumper harvest will help bring resolution to the challenges of food insecurity.
However, there is still a need for food aid due to the deficit emanating from the two previous consecutive poor rainfall seasons experienced in most districts of Zimbabwe. The droughts resulted in poor harvests, which caused inadequate household food stock from personal production.
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