Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Silatech Supports Youth Economic Empowerment in Yemen  Join our daily free Newsletter

MENAFN Press - 01/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) Silatech has joined as a strategic partner to support Phase 2 of the Youth Economic Empowerment Project (YEEP), a program led by the United Nations Development Programme (UNDP) and the Government of Yemen and designed to benefit more than 8,000 Yemeni youth over two years. The USD 10.5 million YEEP II project will provide young Yemenis with employment in public works programs, leading from there to job and skills training, career guidance, entrepreneurship assistance and job placement



Ranked 160 out of 184 countries in the 2012 Human Development Index, Yemen is one of the poorest countries in the world. It has witnessed a decline in humanitarian and living conditions following the unrest that erupted in 2011. The country has one of the highest youth unemployment rates in the world, at approximately 65 percent, and more than half the population lives on less than USD 2 per day



According to Silatech Director of Microenterprise Justin Sykes, "The YEEP II program represents one of the most holistic and comprehensive youth economic empowerment strategies we have come across in the MENA region, and we are delighted to be working to shape and deliver this initiative. This partnership will enable Silatech to expand the impact of its existing Yemen-based programming, as well as tesout a range of innovative solutions which will serve to increase job creation opportunities for Yemeni youth




YEEP II builds upon the success of an innovative year-long pilot program, supported by technical assistance from Silatech, which an independent evaluation found to be "highly relevant and timely in meeting the needs of a growing body of vulnerable youth in Yemen." Silatech will provide YEEP II with a substantial financial contribution, as well as technical assistance in the areas of enterprise development, access to finance, career guidance and counseling, and job matching



The Youth Economic Empowerment Project is a multi-funded project with contributions from the UNDP, SPARK and Silatech as well as the Japanese, Korean and Dutch governments. YEEP has been designed to align closely with the National Youth Employment Plan 2014-2016, which was approved by the Government of the Republic of Yemen in late 201



Since its programs in Yemen began in 2009, Silatech has created or sustained over 45,000 jobs, supported more than 30,000 young people to start and grow their own businesses, and enabled more than 40,000 youth to open their first savings accounts. Silatech is the largest provider of youth-focused microenterprise services in the Middle East and North Africa.


About Silatech
Silatech is a regional social initiative that works to create jobs and expand economic opportunities for young Arabs. The organization promotes large-scale job creation, entrepreneurship, access to capital and markets, and the participation and engagement of young people in economic and social development. Since being founded in 2008 by Her Highness Sheikha Moza bint Nasser, Silatech has financed over 78,000 youth-owned businesses, created or sustained over 103,000 jobs, and trained over 2350 youth-focused NGO staff. Silatech currently has programs in 16 Arab countries, including Algeria, Egypt, Iraq, Jordan, Lebanon, Libya, Morocco, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, the UAE and Yemen. For more information, please visit www.silatech.com.

 


MENAFN Press




  MENA News Headlines
 Jun 24 2016 - Chinese tornado death toll hits 98Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) TOKYO, June 24 (KUNA) -- Death toll of the tornado and hailstorms in east China''s Jiangsu Province has climbed to 98, state-run Xinhua News Agency reported ...

 Jun 24 2016 - UK has voted by 52% to 48% to leave European Union -- BBCKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) LONDON, June 24 (KUNA) -- The UK has voted by 52% to 48% to leave the European Union after 43 years in an historic referendum, acording to the BBC. London and ...

 Jun 24 2016 - Spain heads to fresh parliamentary polls amid political uncertaintyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Hanadi Watfa MADRID, June 24 (KUNA) -- The Spaniards are to go to the polls on June 26 for the second time in less than one year though the political scene ...

 Jun 24 2016 - Kuwait fire fighters work throughout the year including RamadanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Hammad Al-Mutairi KUWAIT, June 24 (KUNA) -- Personnel of the Kuwait Fire Service Directorate (KFSD) work hard throughout the year including the fasting ...

 Jun 24 2016 - Washington hotel lays historic claim to longtime political practice of lobbyingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Photo feature by Ronald Baygents WASHINGTON, June 24 (KUNA) -- Tourists and Washington residents who visit the lobby of the downtown Willard Hotel can find a ...

 Jun 24 2016 - Kuwait- Amiri Diwan Affairs Minister receives former Azhar Uni. headKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, June 24 (KUNA) -- Minister of the Amiri Diwan Affairs Sheikh Nasser Sabah Al-Ahmad Al-Jaber Al-Sabah received Friday member of Al-Azhar''s supreme ...

 Jun 24 2016 - Tusk: Not a moment for hysterical reactionsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, June 24 (KUNA) -- President of the European Council Donald Tusk, in a first reaction to the Brexit, said on Friday the 27 EU leaders are determined to ...

 Jun 24 2016 - Madrid bourse posts record losses due to BrexitKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) MADRID, June 24 (KUNA) -- Benchmark of Madrid Bourse, Ibex 25, tumbled by 11.99 percent at start of Friday''s session settling at 7,819, amid a prevalent jittery ...

 Jun 24 2016 - Cameron declares he is stepping down from officeKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) LONDON, June 24 (KUNA) -- British Prime Minister David Cameron is to step down by October after the UK voted to leave the European Union. Cameron made the ...

 Jun 24 2016 - Egypt receive millions in new investments from ChinaMENAFN
(MENAFN) China Petroleum and Technology Development Corporation (CPTDC) plans to invest nearly USD10 million in Egypt, based on recent reports.Accordingly, the firm has been trying to find a local ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help