$54m project to create youth jobs in Zanzibar’s blue economy
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. The project will benefit about 43,000 youth (40% of them female) and prepare over 1,500 of them to start their own enterprises.