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 test out 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
 Jul 5 2015 - Emaar Misr to add USD2.26b to market capitalizationMENAFN
(MENAFN) Emaar Misr will add USD2.26 million to the market capitalization after being listed over the Cairo bourse, according to the bourse chief, Amwal Alghad reported.The affiliate of the United ...

 Jul 5 2015 - Saudi Looks for 'Guinness' Record with 50,000 Coins MuralSaudi Press Agency
(MENAFN - Saudi Press Agency) A Saudi citizen seeks to set a Guinness Record with drawing the largest painting mural in the world with more than 50,000 coins, in support of his talent initiated since ...

 Jul 5 2015 - PM: Jordan is a stable country with well-defended bordersJordan News Agency
(MENAFN - Jordan News Agency) Prime Minister Abdullah Ensour said Jordan is a stable country, owing its security to the wisdom of its leadership and its people's awareness, which are its source of ...

 Jul 5 2015 - Jordan- Moderate weather forecast until TuesdayJordan News Agency
(MENAFN - Jordan News Agency) The weather will be moderate until Tuesday in the hilly areas while it will be relatively hot to hot in the Badia, the Jordan Valley and Aqaba with high clouds and ...

 Jul 5 2015 - Israeli forces arrest 9 PalestiniansJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation troops arrested 9 Palestinians in the occupied West Bank, the Palestinian Interior Ministry said in a statement Sunday.The occupation forces broke ...

 Jul 5 2015 - Jordan- Border guards receive 275 new Syrian refugeesJordan News Agency
(MENAFN - Jordan News Agency) A total of 275 Syrian refugees from various age groups, entered the Kingdom through various crossing points during the past 72 hours.The border guards provided the ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Venezuela on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Venezuela Nicolas Maduro a cable of congratulation on the ...

 Jul 5 2015 - Kuwait- Message from His Highness the Amir delivered to Nicaraguan PresidentKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The State of Kuwait's non-resident ambassador to Nicaragua, Samih Johar Hayat, has delivered a message from His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Cape Verde on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Cape Verde Jorge Carlos Fonseca a cable of congratulation on the ...

 Jul 5 2015 - Terrorism main topic of Arab Parliament's urgent meetingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Arab Parliament (AP) held an urgent meeting here Sunday which focused on the recent terrorist attacks that hit a number of Arab countries.A press release by ...

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