Demand for education is soaring. The number of higher education students is projected to more than double by 2025. Most of this growth will come from the emerging markets. While the number of children out of school globally may have dropped sharply during the 1990s, it remains unacceptably high in some regions, especially for girls. Meanwhile, youth unemployment continues to grow globally, even as employers report difficulty in finding workers with the right skills.
“The lightbulb moment was how it got us to rethink our role in the employability space."
Jackline Chibai, Director of Strategy and Quality Assurance at Kenya-based Strathmore University, discusses the university’s approach to employability, the problem of skills mismatches in Africa, and what the pandemic forced them to confront about teaching employability skills. Strathmore recently completed an assessment by Vitae, an innovation of IFC that helps higher education institutions improve the employability of their students.
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The impact of IFC clients in Health and Education in 2019:
- 5.5 MILLIONSTUDENTS EDUCATED
- 314.8ThousandJOBS SUPPORTED
- 185ThousandJOBS FOR WOMEN SUPPORTED
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The investment proposal can be submitted to the IFC field office that is closest to the location of the proposed project.