TVET Institutions

TVET Institutions

Photo by UNDP Sierra Leone / Mohamed Kanu

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TVET Institutions
TVET Institutions
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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

Set up and operate Technical and Vocation Education and Training (TVET) institutions that offer education and training that are technical and/or vocational in nature with an aim to provide skills needed in the labor market across all sectors including hospitality, carpentry, construction, etc.

Expected Impact

Address unemployment and low economic activity for people in Sierra Leone - especially youth - who lack access to quality vocational and technical training that are aligned with the job market.

How is this information gathered?
Updated: 28 Nov, 2023
Sierra Leone
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).
10% - 15% (in GPM)
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.
< 5% (CAGR)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4) Decent Work and Economic Growth (SDG 8) No Poverty (SDG 1) Industry, Innovation and Infrastructure (SDG 9)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Good health and well-being (SDG 3) Reduced Inequalities (SDG 10)

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Sector Sources
  • 1) Statistics Sierra Leone. 2019. Demographic and Health Survey. https://dhsprogram.com/pubs/pdf/FR365/FR365.pdf 2) Government of Sierra Leone. 2021. Out-of-School Children Study Sierra Leone. https://www.unicef.org/sierraleone/reports/out-school-children-study-sierra-leone 3) Government of Sierra Leone. 2019. Sierra Leone’s Medium-Term National Development Plan 2019 - 2023. https://www.slurc.org/uploads/1/0/9/7/109761391/sierra_leone_national_development_plan.pdf 4) UNESCO. May 2022. Higher Education Report Sierra Leone. https://whec2022.net/resources/Country%20report%20-%20Sierra%20Leone.pdf 5) World Bank. Data. School enrollment, primary and secondary (gross), gender parity index (GPI) - Sierra Leone. https://data.worldbank.org/indicator/SE.ENR.PRSC.FM.ZS?locations=SL 6) World Bank. Data. Trained teachers in primary education, male (% of male teachers) - Sierra Leone. https://data.worldbank.org/indicator/SE.PRM.TCAQ.MA.ZS?locations=SL 7) IMF. 2022. Sierra Leone: Selected Issues. https://www.elibrary.imf.org/view/journals/002/2022/260/article-A002-en.xml?rskey=fQtPbW&result=20 8) World Bank. Data. Survey mean consumption or income per capital, total population (2017 PPP $ per day) - Sierra Leone. https://data.worldbank.org/indicator/SE.PRM.TCAQ.MA.ZS?locations=SL 9) World Bank. 2016. Findings from the 2014 Labor Force Survey in Sierra Leone. https://openknowledge.worldbank.org/server/api/core/bitstreams/df404b14-bcbb-5696-b5df-76d5981280e3/content 10) National Youth Commission in Sierra Leone. Accessed through http://nationalyouthcommission.sl/Blue%20print.html 11) A. Ansari et al. 27 May 2022. World Bank Blogs. Is demand-led skills training one answer to Sierra Leone’s human capital crisis? https://blogs.worldbank.org/africacan/demand-led-skills-training-one-answer-sierra-leones-human-capital-crisis 12) Government of Sierra Leone. Sierra Leone Education Sector Plan. 2022-2026. https://www.unicef.org/sierraleone/media/1306/file/Sierra%20Leone%20Education%20Sector%20Plan%202022%20-%202026.pdf 13) UNESCO. 2020. Republic of Sierra Leone: Education sector analysis: assessing the enabling environment for gender equality. https://unesdoc.unesco.org/ark:/48223/pf0000375434 14) IOM. Young Sierra Leonean Women Defying the Odds to Learn New Technical Skills. https://rodakar.iom.int/stories/young-sierra-leonean-women-defying-odds-learn-new-technical-skills 15) UNESCO. TVET Country Profiles - Sierra Leone. https://unevoc.unesco.org/home/Dynamic+TVET+Country+Profiles/country=SLE 16) FLS Group. Accessed through http://www.flsgroup.sl/ 17) CODE. Accessed through http://codesl.org/ 18) AltSchool. Accessed through https://www.altschoolafrica.com/ 19) Moringa School. Accessed through https://moringaschool.com/
IOA Sources
  • 20) ILO. January 2017. SWTS Country Brief - Sierra Leone. https://www.ilo.org/wcmsp5/groups/public/---ed_emp/documents/publication/wcms_542024.pdf 21) World Bank Data. 2021. Population, total - Sierra Leone. https://data.worldbank.org/indicator/SP.POP.TOTL?locations=SL 22) C. Nwokoma. 1 February, 2022. Techpoint.Africa. Techpoint Pitchstorm alumnus, AltSchool raises $1m pre-seed to plug Africa’s shortage of entry-level talent. https://techpoint.africa/2022/02/01/altschool-bags-1-million/?utm_source=twitter&utm_medium=social%20via%20ifttt&utm_campaign=ifttt%20twitter%20autoshare 23) Moringa School. 23 June 2022. Press Release. https://moringaschool.com/blog/leading-investor-proparco-afd-group-completes-pre-series-a-investment-in-moringa-fueling-its-expansion-across-africa/#content 24) NIRAS. Kenyan-German TVET Initiative (KGTI): Centres of Excellence for Cooperative Training. https://www.niras.com/projects/kenyan-german-tvet-initiative-kgti-centres-of-excellence-for-cooperative-training/ 25) GlobalAfrica Network. 9 April 2019. New TVET college campus coming to Mitchell’s Plain. https://www.globalafricanetwork.com/company-news/new-tvet-college-campus-coming-to-mitchells-plain/ 26) OECD. 2020. INVESTING IN WOMEN AND GIRLS THE BREAKTHROUGH STRATEGY FOR ACHIEVING ALL THE MDGS. https://www.oecd.org/dac/gender-development/45704694.pdf 27) Gagem Anastasia. 21 September, 2018. The demographic dividend and youth in sub-Saharan Africa. Bill & Melinda Gates Foundation. https://www.gatesfoundation.org/ideas/articles/goalkeepers2018-essay-gage#:~:text=African%20countries%20have%20the%20potential,called%20%E2%80%9Cthe%20demographic%20dividend.%E2%80%9D 28) Government of Sierra Leone. 2004. Education Act, 2004. https://www.ilo.org/dyn/natlex/docs/ELECTRONIC/70662/70533/F1191419290/SLE70662.pdf 29) African Union Development Agency (AUDA-NEPAD). 2022. TVET Country Profile Sierra Leone. https://aspyee.org/sites/default/files/2022-12/Country%20TVET%20report_SierraLeone_V1%5B13%5D.pdf 30) Government of Sierra Leone. 2019. National Technical and Vocational Education and Training Policy for Sierra Leone. https://mthe.gov.sl/PDF/News/Approved%20TVET-Policy.pdf 31) Government of Sierra Leone. 2001. The National Council for Technical Vocational and Other Awards Act, 2001. http://www.sierra-leone.org/Laws/2001-10.pdf 32 GIZ. October 2017. Support to TVET in Sierra Leone. https://www.giz.de/en/downloads/giz2018-en-support-tvet-sierra-leone.pdf 33) Statistics Sierra Leone. October 2017. Sierra Leone 2015 Population and Housing Census. Thematic Report on Population Structure and Population Distribution. https://www.statistics.sl/images/StatisticsSL/Documents/Census/2015/sl_2015_phc_thematic_report_on_pop_structure_and_pop_distribution.pdf 34) World Bank. 2021. Manufacturing, value added (% of GDP) - Sierra Leone. https://data.worldbank.org/indicator/NV.IND.MANF.ZS?locations=SL 35) TVET Coalition of Sierra Leone. https://tvetcoalition.wordpress.com/about/