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Economic growth

Timely Youth Empowerment Initiative Launched in Tanzania to Boost Inclusive Economic Growth

Strategic Insights

— 1 min read

A new youth empowerment initiative, the Skills for Entrepreneurship and Employment Development (SEED) programme, has been launched in Tanzania by the NMB Foundation and Save the Children. The programme focuses on entrepreneurship and skills development, aiming to prepare Tanzanian youth to compete and thrive in an evolving economic environment. The initiative is a strategic tool to help reduce unemployment and promote inclusive economic growth, in line with the government's broader development goals. The programme will be piloted in Dar es Salaam with 200 youth aged 18 to 35, particularly those from underprivileged backgrounds.

Key Takeaways:

  • The SEED programme is a strategic tool to help prepare Tanzanian youth to compete and thrive in an evolving economic environment.
  • The programme aims to equip young Tanzanians with practical business solutions and vocational skills to enable self-employment and improve job market competitiveness.
  • The SEED programme will offer training in business development and identifying market opportunities, alongside courses in financial and business management.
  • Participants will have access to startup capital through NMB Bank loans, provided in collaboration with the Presidents Office – Regional Administration and Local Government (TAMISEMI).
  • The programme will initially be piloted in Dar es Salaam with 200 youth aged 18 to 35, particularly those from underprivileged backgrounds.
  • The long-term vision of the programme is to scale nationally, transforming Tanzanian youth from job seekers into self-reliant economic contributors and supporting the government's broader push for inclusive and sustainable growth.
  • According to the 2022 Population and Housing Census, youth represent 34.5% of Tanzania's population, with four in ten either unemployed or economically inactive.

Statistics:

  • 34.5% of Tanzania's population is youth (Source: 2022 Population and Housing Census).
  • Four in ten Tanzanian youth are unemployed or economically inactive (Source: 2022 Population and Housing Census).

Sources:

  • "Government commends NMB Foundation and Save the Children on youth empowerment initiative", Daily News, July 10
  • "NMB Foundation and Save the Children launch youth empowerment programme", Daily News, July 10

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