Planet One announced that its latest investment is across three countries in West Africa in the TVET sector, a sector that holds strategic importance in the group’s overall plan for the education sector in Africa.
This notable announcement comes at a time when several government across emerging economies are providing a larger impetus towards the skilling of youth.
The group’s capital commitment includes TVET projects in the ECOWAS sub-region and reiterates its continued focus on investing in human capital to catalyse sustainable growth.
The projects across Togo, Guinea and Senegal will build additional capacity to train approximately 20,000 youth per year across sectors such as automobile, agriculture, food processing, mining, construction, garment making, catering, machining, foundry & metal forging, hospitality & tourism, renewable energy, plumbing, and many others.
The company also stated that the ECOWAS Bank for Investment and Development (EBID) has extended a €50 million line of credit to Planet One.
Sanjeev Mansotra, Chairman, Planet One, stated, “We believe that skill development in the agriculture segment is imperative in any effort to increase income levels across the wider population.
“Our farm training and production centres will encourage youth engagement in agriculture & agribusiness and develop techniques to strengthen crop productivity, crop transformation and crop yield.
“By linking agricultural services with skills development and entrepreneurship support, the initiative enhances farmers’ income, generates rural employment, and contributes directly to national food security.”
The group stated that it is partnering with the government of Senegal to expand TVET by developing 17 new vocational training centres nationwide.
By aligning curricula with industry needs and integrating apprenticeship-based practical training, the initiative directly tackles youth unemployment while strengthening key economic drivers, including food security, infrastructure, and industrial growth.
Mr Sanjeev Mansotra added, “The relevance of TVET is underscored by the size of the informal sector, which employs over 85% of Africa’s workforce.
Despite a rising school enrolment rate, too many young people remain unemployed or underemployed because traditional curricula don’t match the realities of the job market.
As Africa works to diversify its economies and reduce reliance on raw commodity exports, TVET becomes central to its growth strategy – linking education to employment and aspiration to achievement.
Planet One’s holistic implementation approach, coupled with innovative funding models, is enabling countries to overcome these challenges and scale up robustly.”
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Source: www.myjoyonline.com