Developing the FinTan Innovation Pedagogy Model for Tanzania Higher Education Institutions

Abstract

Tanzania is one of the developing countries with a population of 54,199,163 people. About 70% of the population is made up of young people aged 15-35 (National Bureau of Statistics, 2016). However, statistics show that only 27% of these young people are employed (National Bureau of Statistics, 2016). Based on the above-mentioned statistics it can simply be generalized that that majority of young people in Tanzania are unemployed.

This situation is alarming and calls for stakeholder’s attention. Since academic institutions such as colleges and universities play a major role in preparing and producing individuals for industrial life, they, therefore, constitute a significant part of the stakeholders concerned. The major question is that, to what extent do Higher Education Institutions (HEI)produce graduates with relevant and sufficient competencies, knowledge and skills to help them become self-independent and capable of employing themselves and creating employment opportunities for others. This question has for a long time remained unanswered.