KCB PARTNERSHIP SET TO PROMOTE CONSTRUCTION INDUSTRY

KCB PARTNERSHIP SET TO PROMOTE CONSTRUCTION INDUSTRY

The KCB Foundation has set its eyes on the development of over three thousand youth in the construction sector to increase their skilling and income generation, especially during the pandemic.

“The shock to the economy caused by the COVID-19 pandemic has negatively affected small businesses, setting back the country’s job creation efforts for the youth,” the bank’s group CEO and managing director, Joshua Oigara noted.

The initiative which has raised Kshs 300 million is led by the KCB 2jiajiri program in conjunction with the Employment and Skills for Development in Africa (E4D) directive by the German Development Cooperation.

This sum has also been contemplated to allocate construction kits to seven hundred youth across the country.

“We achieve this through an integrated approach that includes upskilling to make small and medium-sized businesses more competitive so that they can meet the growing demand for supplies and services in the market,” Mr. Thomas Jaeschke, the E4D team leader, illustrated.

This partnership has now raised Ksh 300 million to provide and improve technical and vocational skills with the provision of construction toolkits to an estimated seven hundred youth.

The three-year strategic design has intent the to create self-employment, promoting the establishment of enterprises, and focus on enhancing training in technical courses.

The KCB 2jiajiri program which took off in 2016 has seen the skill enhancement of thirty-six thousand youth across the country with their focus in five trade areas, specifically; agribusiness, construction, automotive engineering, beauty & personal care, domestic services, and ICT.

The E4D and 2jiajiri fusion has witnessed the training of a total of four thousand youth in the previous years, especially in construction & agriculture, with over five hundred in the construction sector receiving toolkits from their partnership with Bosch.

Both programs are working hand in hand to fill the skills gap present in the industry, as demonstrated in the 2017 National Construction Authority (NCA) survey. The assessment uncovered that this issue was mainly attributed to the skills shortages, access to finance, and inadequate availability of construction equipment.

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