Quotes: US 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
 Oct 23 2014 - Kuwait- Equates wins two regional sustainability awardsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's EQUATE Petrochemical Company has won two regional sustainability awards in recognition for its social responsibility and national cadres' skills ...

 Oct 23 2014 - Moroccan horse showThe Peninsula
(MENAFN - The Peninsula) Moroccan horsemen perform during the 7th edition of the "Salon du Cheval" (horse show) in the port city of El Jadida. ...

 Oct 23 2014 - Kuwaiti Jazeera Airways net profit up 22.6 percent in Q3MENAFN
(MENAFN) Kuwait-based Al Jazeera Airways group announced it has registered USD28 million in net profit for the July-September period of this year, an increase by 22.6 percent compared to the same ...

 Oct 23 2014 - Qatar- Lekhwiya defeat Al Wakra, Wolves heldThe Peninsula
(MENAFN - The Peninsula) Lekhwiya defeated Al Wakra 2-0 at their home ground here yesterday while Al Sadd were held 1-1 by Al Sailiya.Vadimir Weiss scored in the 68th minute for Lekhwiya and Ahmed ...

 Oct 23 2014 - Ooredoo Kuwait net profit falls by almost half in Q3MENAFN
(MENAFN) Ooredoo Kuwait, the country's No.3 telecom operator by subscribers, announced that its net profit fell by nearly half during the July-September period, Gulf Business reported.The ...

 Oct 23 2014 - Coach asks Qatar to give it all against DPR KoreaThe Peninsula
(MENAFN - The Peninsula) Qatar's coach Felix Sanchez Bas has called on his players to give their all one-last time ahead of today's AFC U-19 Championship final against three-time winners DPR Korea. ...

 Oct 23 2014 - Qatar- Handball: Doha gears up for Asian Club LeagueThe Peninsula
(MENAFN - The Peninsula) Defending champions Al Jaish - thanks to the draw - have managed to avoid a meeting with local opponents Lekhwiya and Al Gharafa in the group stage of the 17th Asian Clubs ...

 Oct 23 2014 - QIMC posts USD38.88m net profit in SeptemberMENAFN
(MENAFN) Qatar Industrial Manufacturing Company (QIMC) revealed the interim financial statements for the period ending in September 30, this year, QNA reported.The interim financial statements ...

 Oct 23 2014 - Qatar will deliver an impressive 2022 World Cup, says BrescianoThe Peninsula
(MENAFN - The Peninsula) Australian midfielder Mark Bresciano is confident that Qatar will deliver an 'impressive' World Cup eight years down the line.Bresciano, who has been playing for the last two ...

 Oct 23 2014 - Qatar- QP hosts team from Kuwait Oil CompanyThe Peninsula
(MENAFN - The Peninsula) Qatar Petroleum (QP) recently hosted a delegation from Kuwait Oil Company (KOC) who visited Qatar to gain insights on QP's marine activities and port operations.Mubarak ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help