Categories: The Crunch

Nineteen University-based African Centers of Excellence (ACE) to recieve grant from world bank.

30 Apr 2014 Nineteen university-based African Centers of Excellence (ACE) across seven countries in West and Central Africa will receive a combined grant of $150 million from the World Bank, to enable them provide training and higher education in science, technology, engineering and mathematics (STEM), as well as agriculture and healthcare. The countries are Nigeria, Ghana, Senegal, Benin, Burkina Faso, Gambia, Togo and Cameroon.

Ventures Africa tells us that the grant will be provided through World Bank’s International Development Association’s credit. The association provides loans and grants for projects and programs that boost economic growth, reduce poverty, and improve poor people’s lives.
Nigeria received the highest grant of $70 million, Ghana, Senegal and Gambia received $24m, $16m and $3m respectively while Benin, Burkina Faso, Cameroon, and Togo got $8 million each.

World Bank Education Manager for West & Central Africa, Peter Materu noted that students in West and Central Africa need high-quality science and technology programs to compete in their own regional job market as well as the global economy.
He is quoted as saying “The African Centers of Excellence (ACE) project is a win-win initiative (that) will help young people achieve their aspirations without leaving Africa, and it will help firms to find advanced skills and knowledge domestically and to compete more effectively in international markets

Admin

Share
Published by
Admin

Recent Posts

LoveFest Valentine’s weekend at EbonyLife Place ignites a spark with lovers and loved ones alike

Friends and family rush to join couples celebrating the season of love with fine dining…

5 years ago

Funke Akindele-Bello and Akin Lewis are hilarious in new trailer for EbonyLife’s blockbuster, Your Excellency

Lagos, 8 November 2019 – EbonyLife Films, producer of Fifty, The Wedding Party movies and…

5 years ago

WildlifeDirect and EbonyLife TV Wildlife Warriors TV Series Partnership

Nairobi, November 01, 2019: First African produced Wildlife documentary series, from Kenya Wildlife Warriors goes…

5 years ago

Òlòtūré selected for official screening at prestigious Carthage Film Festival, Tunisia

Trailer now available for viewing ahead of cinema release in 2020 31 October 2019, Lagos,…

5 years ago

Hot new poster launches campaign for EbonyLife’s hilarious December blockbuster, Your Excellency

Funke Akindele-Bello and Akin Lewis head all-star cast Lagos, 7 October 2019 – EbonyLife Films,…

5 years ago