|Approval Date||07 Dec 2016|
|Signature Date||16 Mar 2017|
|Planned Completion Date||30 Dec 2021|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11110|
The Malawi's Jobs for Youth Project is part of AfDB's Jobs for Young People in Africa (JfYA) 2016-2025 strategy. It seeks to reduce the vulnerability of young population by creating an enabling environment for their participation in economic activities particularly in key sectors. The project is consistent with the Malawi Development Strategy which seeks to ensure sustainable and productive decent work for all. It recognizes that the youth population accounts for over half of the 17 million population of the country, and yet there are limited space and opportunities for decent work. The project will work to strengthen both the demand and supply side of labor market systems through strategies that strengthen the employability of young people and increase their capacity to engage in entrepreneurial activities. It will primarily focus on promoting an integrated, multi-sectoral and multi-discipline that involves all key partners including Government, private sector and non-state actors. The project will also help to build the capacity of national partners to effectively plan, implement, monitor and evaluate youth employment promotion interventions. The project will be implemented over a period of forty-eight (48) months ending in December 2020. Ultimately, it is expected to create an estimated 17,000 jobs for the youths of Malawi.
The project objective is to economically empower the youth population (young women and men) for improved employability in decent work and sustainable entrepreneurship in Malawi. Specifically, the project is designed to address: (i) the lack of entrepreneurship mind-set as well as the weaknesses in technical and business skills; (ii) the lack of access to markets and information; (iii) the lack of access to finance; (iv) the weaknesses at the policy and regulatory level for the promotion of youth owned Small and Medium Enterprises (SMEs); and (v) the low level of employment of youth by the existing private sector.
The primary beneficiaries will be the young population of Malawi aged between 15 to 35 years. This will include budding entrepreneurs in the informal and formal sectors and out of school youth.
African Development Fund
Government Of Malawi
Ministry of Labour, Youth, Sports and Manpower Development (MoLYS&MD)
|Last Update||13 Jul 2020|