Rabat – Millennium Challenge Account-Morocco Agency (MCA Morocco) and the Millennium Challenge Corporation (MCC) have announced the launching of a joint $73 million initiative to increase youth employability.
Morocco’s Head of Government Saad Eddine El Othmani and the Vice President of MCC, Anthony Welcher, signed a memorandum of understanding on Friday, August 2, in Rabat for 15 new projects to be put in place to create and renovate vocational training centers.
The 15 new projects will be funded by the $73 million “Fonds Charaka” initiative.
The initiative consists of two parts. The first one, “Fonzid,” will “support private or public initiatives that create investment opportunities and involve the private sector and civil society in the development and management of industrial zones.”
The focus of Fonzid is on “innovative, cost-effective, inclusive and sustainable projects that integrate social and gender aspects and respect MCC’s environmental, social and gender policies.”
The second part of the project, “Charaka,” focuses on vocational training. Charaka is “dedicated to financing the creation or expansion of vocational training centers managed under public-private partnerships,” says MCA Morocco.
The 15 new projects announced on Friday fall under the Charaka part of the initiative. 9 new vocational training centers will be created and 6 existing centers will be renovated.
The vocational centers focus on a wide range of sectors, including agriculture, tourism, industry, crafts, construction, transport, logistics, and health.
These centers, which will host and train nearly 8,400 trainees annually, will be located across six regions: 5 of the projects will be in the Casablanca-Settat Region, 4 in the Fes-Meknes Region, 3 in the Tangier-Tetouan-Al Hoceima Region, and lastly the Eastern Region, the Beni Mellal-Khénifra Region, and the Draa-Tafilalet Region, will be home to 3 of the projects.
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