In an effort to promote skills development among the youth, the Private Sector Foundation Uganda (PSFU) has extended an internship grant of sh1.6b to 23 companies to develop the skills of 1,000 youth.
These students will be drawn from over 30 public and private technical and vocational training institutions over a four-month period.
Gideon Badagawa, the executive director PSFU, said this will be done under the Skills Development Facility Project (SDF) funded by the World Bank and the Government through the Ministry of Finance and Economic Development.
According to Bagadawa, the SDF project provides grants to companies that are active in the agribusiness, construction, manufacturing sectors, internship, apprenticeship and industrial attachment.
It also supports employer-led short-term training, recognition of prior learning as well as increased access to internship, and industrial attachment to Technical and Vocational Education and Training (TVET) students.
The facility, he said, is financing the improvement of students' skills training systems that focuses on short term practical and technical training.
"Most of those you see on the streets have gone to schools, colleges and universities and have graduated, some of them with first class degrees, but the biggest problem is that when they come to the labour market, the employer does not see value in them." he said.
He said, for this reason, PSFU discussed with the Government this aspect, which prompted the Government to source from the World Bank to promote employerled technical short-term training and internship placements for students. CLICK HERE FOR MORE ON THIS STORY