$200 Million ‘Train My Generation’ Fund to Support Professional Schools in Gabon

Written by Makula Dunbar

Jun 18, 2013

The President of the Gabon, Ali Bongo Ondimba has announced the creation of a $200 million fund, in association with the New York Forum Institute and with the support of the whole CEMAC region (Chad, Central African Republic, Cameroon, Equatorial Guinea, Gabon and the Republic of the Congo).

The fund, called “Train My Generation”, was announced at the closing session of the New York Forum AFRICA, and will finance the creation of 50 professional schools that will train 100,000 students in 18-24 months, whereas the training programmes will last from 12 to 18 months.

Announced at the biggest pan-African summit in the world, the fund will also be presented to the G8 Summit currently ongoing in the United Kingdom.

A press release proclaiming the fund said its start-up will be financed by a $50 million contribution from the CEMAC governments, while the balance will be provided by investment from the private sector in Africa and internationally.