Skills, Innovation, and Entrepreneurship Fund Launched

The Skills, Innovation, and Entrepreneurship (SIE) Fund, a collaborative initiative between the Ministry of Higher Education, Research, Science and Technology, Ministry of Finance and Economic Affairs, and the World Bank under the Resilience, Inclusion, Skills, and Equity (RISE) Project was launched on Tuesday at the Sir Dawda Kairaba Jawara International Conference Centre.

 The SIE Fund is aim at enhancing access to technical, innovative, and entrepreneurial skills and fostering a dynamic ecosystem that will drive innovation, productivity, and prosperity.

The Minister of Trade, Industry, Regional Integration and Employment, Hon. Baboucarr Ousmaila Joof deputising for the Minister of Finance and Economic Affairs said that the establishment of the SIE Fund is a significant milestone, one that holds immense promise for the empowerment of Gambian youth and the acceleration of sustainable economic growth through skills acquisition, innovation, and business development.

As the driving force behind economic growth, he affirmed that the Ministry of Finance plays a crucial role in ensuring the success and sustainability of initiatives like the SIE Fund. “By investing in the development of our youth and equipping them with the tools and resources they need to succeed, we are building a solid foundation for a resilient and prosperous economy,” he noted.

According to him, the SIE Fund is expected to support and promote TVET, innovation and entrepreneurship development and contribute immensely in the human capital development drive of the Government of The Gambia.

“I am confident that the launch of the SIE Fund will empower Gambian youth to unleash their full potential and contribute to our nation’s overall economic growth and development. As we embark on this transformative journey, I am certain that all stakeholders, including the Ministry of Finance, TVET institutions, and Gambian youth, will wholeheartedly support and champion this noble initiative, demonstrating their unwavering commitment to our shared vision,” he remarked.

He assured the gathering that the Ministry of Finance will continue to provide support during the implementation of the Fund.

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