- Companies and other organisations can apply for co-financing grants worth up to 10 million euros per project.
The Facility Investing for Employment, a German investment mechanism for job creation, providing competitive grants to co-finance public and private projects has launched a call for proposals in eight African countries in Rwanda, Côte d’Ivoire, Ghana, Senegal, and Tunisia.
The Facility which is part of the Special Initiative on Training and Job Creation of the German Federal Ministry for Economic Cooperation and Development (BMZ) is operating under the brand Invest for Jobs, the Special Initiative aims to create good jobs and training opportunities and to improve working conditions in its partner countries.
Investing for Employment invites companies and public bodies to submit project proposals that contribute to sustainable job creation in the private sector. The Call for Proposals is seeking applications for four types of projects:
- Not-for-profit Projects with job creation impact (no revenues).
The Facility covers up to 90 % of the total investment costs. - Not-for-profit Projects with job creation impact (generating revenues).
The Facility covers up to 75 % of the total investment costs. - For-profit Projects with broader job creation impact.
The Facility covers up to 50 % of the total investment costs. - For-profit Projects with job creation impact.
The Facility covers up to 25 % of the total investment costs.
Grants range from 1 million to 10 million euros per project. The applicant is obliged to contribute own funds to complete the project finance. The level of co-financing depends on the type of project.
Potential applicants have until 30 June 2022 at 5 pm CEST, to submit concept notes. The Call for Proposals is open for all business sectors of the economy. Companies can apply individually or in a consortium with other entities from Africa and/or from the EU/EFTA region.
Those that need more about the application procedure and think are eligible, can consult the information on the https://invest-for-jobs.com/en/ife-regional-call-for-proposals-june-2022
A series of online meetings are to be organised to present the objectives of the Facility, its conditions for submitting proposals, as well as the steps and modalities of participation. The webinars will take place on: 8, 15, and 22 June 2022 (in English) and 9, 16, and 23 June 2022 (in French).
General information and further support services offered by the Special Initiative on Training and Job Creation: https://invest-for-jobs.com
