Training and upskilling centers

Training and upskilling centers

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Training and upskilling centers
Training and upskilling centers
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Education
Formal Education
Business Model Description

Further develop and operate training and upskilling centers offering different courses for adults and youth in key sectors and technical skills, such as tourism, manufacturing, agriculture and agro-processing and technology.

Expected Impact

Improve employment outcomes, especially for the young population whose livelihoods improve due to greater opportunities.

How is this information gathered?
Updated: 9 Jul, 2021 Date of Production: 1 Feb, 2021
Rwanda
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
126,165 adults (76,872 females) access adult literacy programs.
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Gender Equality (SDG 5) Decent Work and Economic Growth (SDG 8)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Reduced Inequalities (SDG 10)

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Sector Sources
  • 1) United Nations Development Programme (2020). Sustainable Development Report 2020. https://unstats.un.org/sdgs/report/2020/The-Sustainable-Development-Goals-Report-2020.pdf 2) United Nations Development Programme. Briefing note for countries on the 2019 Statistical Update: Rwanda. 3) Republic of Rwanda (2000). Rwanda Vision 2020. https://www.greengrowthknowledge.org/sites/default/files/downloads/policy-database/RWANDA%29%20Rwanda%20Vision%202020.pdf 4) Republic of Rwanda (2019). Voluntary National Review Rwanda 2019. https://sustainabledevelopment.un.org/content/documents/23432Rwanda_VNR_Document__Final.pdf 5) National Institute of Statistics of Rwanda (2018). EICV5 Thematic Report Economic Activity Thematic Report.https://www.statistics.gov.rw/publication/eicv5thematic-reporteconomic-activity-thematic-report.pdf 6) United Nations International Children's Emergency Fund (2018). UNICEF Rwanda Private Sector Engagement Strategy 2018-2023. https://www.unicef.org/rwanda/media/1236/file/2018-UNICEF-Rwanda-Private-Sector-Engagement-Strategy.pdf 7) Rwanda Development Board (2021). Visit Rwanda. https://www.visitrwanda.com/ 8) World Bank (2019). Rwanda Systematic Country Diagnostic. http://documents1.worldbank.org/curated/en/219651563298568286/pdf/Rwanda-Systematic-Country-Diagnostic.pdf 9) Rwanda Development Board (2019). National Skills Development And Employment Promotion Strategy 2019 - 2024. https://rdb.rw/wp-content/uploads/2019/07/NSDEPS.pdf 10) Ministry of Education (2015). Technical and Vocational Education and Training (TVET) Policy. https://mineduc.gov.rw/fileadmin/user_upload/pdf_files/TVET_Policy__Final.pdf 11) National Institute of Statistics of Rwanda (2018). EICV5 Thematic Report Economic Activity Thematic Report.https://www.statistics.gov.rw/publication/eicv5thematic-reporteconomic-activity-thematic-report.pdf
IOA Sources
  • 12) Ministry of Education (2018). Education Sector Strategic Plan 2018-19 TO 2023-24. 13) PwC analysis based on Prof. A. Damodaran data, 2020. 14) United Nations International Children's Emergency Fund (2020). Education. https://www.unicef.org/rwanda/education 15) The New Times Rwanda (2014). Rwanda Out-Of-School Rate Down 85%. https://www.newtimes.co.rw/section/read/72719#:~:text=The%20Unesco%20Education%20for%20All,by%20increasing%20access%20to%20education. 16) Tuyisenge, G., Hategeka, C. and Luginaah, I. (2018). 'Continuing Professional Development in Maternal Health Care: Barriers to Applying New Knowledge and Skills in the Hospitals of Rwanda', Maternal and Child Health Journal. https://link.springer.com/article/10.1007/s10995-018-2505-2 17) Mohamed, S. (2020). South Africa's Broken And Unequal Education Laid Bare. Amnesty.org. https://www.amnesty.org/en/latest/news/2020/02/south-africa-broken-and-unequal-education-perpetuating-poverty-and-inequality/ 18) Mchete, T. and Shayo, F. (2020). 'The Role Of Induction Training On Performance Of New Employees At Workplace: Case Study Of The Open University Of Tanzania', International Journal of Business Management and Economic Review. 19) Republic of Rwanda (2015). National Policy On Workplace Learning To Prepare Rwandan Youth For Employment. https://rwandatrade.rw/media/2015%20MIFOTRA%20Workplace%20Learning%20Policy.pdf 20) Ministry of Public Service and Labor (2019). Revised National Employment Policy. https://www.ilo.org/wcmsp5/groups/public/---africa/---ro-abidjan/---ilo-dar_es_salaam/documents/publication/wcms_715230.pdf 21) Republic of Rwanda (2017). Private Sector Development and Youth Employment Strategy (PSDYES) 2018-2024. PSDYE Sector Working Group Secretariat. http://www.minecofin.gov.rw/fileadmin/templates/documents/NDPR/Sector_Strategic_Plans/PSD_YE.pdf 22) Republic of Rwanda (2018). Law No 36/2018 of 29/06/2018 Determining the Organization of Education. https://mineduc.gov.rw/fileadmin/user_upload/pdf_files/Laws-New-Uploads/Education_Laws/ITEGEKO_NO_36-2018_RYO_KU_WA_29-06-2018_RIGENA_IMITUNGANYIRIZE_Y_UBUREZI.pdf 23) Republic of Rwanda (2016). Law Nº42/2016 of 18/10/2016 Establishing the Workforce Development Authority and Determining Its Responsibilities, Organisation and Functioning. https://mineduc.gov.rw/fileadmin/user_upload/pdf_files/Laws-New-Uploads/Education_Laws/N_42_2016_ryo_ku_wa_18_10_2016.pdf 24) Republic of Rwanda. Ministerial Order N°001/MINEDUC/2013 of 15/11/2013 Determining the Conditions for Granting Accreditation to a Private Institution of Higher Learning,Upgrading the Level of Teaching,Opening a College,a School,a Faculty or an Affiliated Research Institute. https://mineduc.gov.rw/fileadmin/user_upload/pdf_files/Laws-New-Uploads/Education_Orders/N_001_2013_ryo_kuwa_15_11_2013.pdf 25) Government of Rwanda (2017). Ministerial Instructions Nº 001 of 10/05/2017 Establishing Guidelines for Setting Up General or TVET Nursery, Primary or Secondary Schools Internal Rules and Regulations. https://mineduc.gov.rw/fileadmin/user_upload/pdf_files/Ministerial%20instructions%201652017.pdf 26) Ministry of Education. About the Ministry. https://www.mineduc.gov.rw/about 27) Rwanda Development Board. Incentives to support the Education sector. https://rdb.rw/investment-opportunities/education/#tab-1-3 28) Republic of Rwanda (2019). Voluntary National Review Rwanda 2019. https://sustainabledevelopment.un.org/content/documents/23432Rwanda_VNR_Document__Final.pdf 29) Ndangira (2021). Skills Development Fund call for grant proposals. https://www.ndangira.net/skills-development-fund-call-for-grant-proposals/