| Project Detail |
The AYEP contributes to achieving the overall goal of the country’s National Development Plan (NDP) 2023-2027. The NDP seeks to promote a sustainable, diversified, and inclusive economy, away from over dependence on fiscal revenues from the petroleum sector, by inter alia strengthening the private sector through measures to improve the regulatory environment, innovation, productivity and competition. The NDP is structured along two priority areas; (i) Increased national production and (ii) Employment, and human capital development. It emphasizes the strengthening of the business environment to foster entrepreneurship and private sector development as crucial drivers of economic diversification and skilling of the workforce to bolster human capital, all of which are considered under the project.
Project Objectives
The Project Development Objective is to promote youth employability and entrepreneurship in agriculture and transport industries contributing to economic diversification and poverty reduction.
Beneficiaries
The project will be implemented in 8 provinces namely; Luanda, Huíla, Huambo, Benguela, Cabinda, Cuanza Sul, Bié, and Malanje provinces. Selection of the regions based on (i) the fact that the project builds on the progress made under the government’s flagship programs specifically PRODESI and PREI. (ii) high potential agro-ecological zones traversed by the Lobito Corridor(iii) existence of emerging processing facilities (iv) proximity to training institutions. The project will upgrade (modernize and equip) 04 TVET institutions and 04 universities and establish 11 digital innovation hubs in these provinces to enhance skills and promote entrepreneurship and innovation for agriculture, energy and transport value chains. The direct beneficiaries will be the: (a) Angolan youth who will access approximately 37,430 direct and 112,290 indirect jobs created and further 97,569 will be equipped with digital and demand-driven skills in agricultural value chains of which 50% young females; (b) 10,400 entrepreneurs, innovative early-stage growth start-ups as well as agricultural sector MSMEs who will be capacitated and linked to finance and markets; |
