AfDB approves $98m for regional excellence

The Board of Directors of the African Development Bank Group (AfDB) last week approved loans amounting to $98.22 million.
The money is for the first phase of East Africa’s centres of Excellence for Skills and Tertiary Education in Biomedical Sciences programme in Tanzania, Kenya, Uganda and Rwanda.
The project is expected to enhance EAC’s competitiveness through a highly skilled workforce in biomedical sciences.
It will enable EAC increase its capacity and competitiveness through expanding higher education and specialised service delivery that is demanded by the rapid economic development in East Africa.
The second phase of the programme will include the establishment of a Center of Excellence in Burundi on Nutritional Sciences.
The project will directly benefit the estimated 150 million EAC citizens through affordable, quality, and accredited biomedical skills and tertiary education institutions and services. 
The CoEs target 150 students on postgraduate programmes (140 masters, 10 PhDs) in addition to 300 trainees for short courses in Phase 1.
The EAC private sector will also benefit from a qualified and accredited relevant skilled workforce instead of relying on foreign professionals. 
The project outcomes will also directly improve quality and affordability of service delivery for EAC citizens seeking kidney, heart and cancer services. At least 100,000 EAC citizens seek these services abroad each year.
AfDB’s financing represents 91.05% of the entire project cost estimated at $107.81 million. The four governments will provide counter funding to the tune of $8.97 million.
Source: busiweek.com
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