- Applicable to organisations in Egypt, Ethiopia, Côte d’Ivoire, Ghana, Rwanda, Senegal, and Tunisia.
Overview
The Facility Investing for Employment is an investment mechanism created by KfW Development Bank on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) as an integral part of the Special Initiative on Training and Job Creation.
Operating under the brand Invest for Jobs, the Special Initiative aims to remove investment barriers and to create good jobs and training opportunities in its partner countries in Africa: Côte d’Ivoire, Egypt, Ethiopia, Ghana, Morocco, Rwanda, Senegal, and Tunisia.
Investing for Employment invites companies and public entities to submit project proposals that contribute to sustainable job creation in the private sector.
To reach this goal, the Facility awards co-financing grants ranging from 1 million to 10 million euros per project.
The selection of projects is based on a competitive application process and gives priority to high-quality proposals that are mature and ready for execution.
It will only co-finance those projects that are rated best in terms of operational viability, financial sustainability, and job creation.
This regional Call for Proposals is seeking applications for four types of investment projects:
- Not-for-profit Projects with job creation impact (no revenues): The Facility covers up to 90 % of the investment costs.
- Not-for-profit Projects with job creation impact (generating revenues): The Facility covers up to 75 % the investment costs.
- For-profit Projects with broader job creation impact: The Facility covers up to 35 % the investment costs.
- For-profit Projects with job creation impact: The Facility covers up to 25 % the investment costs.
Benefits
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.
Application Procedures
Potential applicants will have until 22 December 2022 at 5 pm CET, to submit concept notes. The
Facility invites companies and other interested parties, whether public or private, to submit high-quality concept notes either as a consortium or individual entity.
If you cannot find the information you need, please send an email to: [email protected].
Other Procedures
A series of online meetings will 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 the following days: 23 November, 7 December, and 14 December 2022 (in English) and 24 November, 8 December, and 15 December 2022 (in French). All webinars start at 11:00 CET.
To receive the link to the webinars, please send an email to: [email protected]
If you would like to know more about the application procedure and whether you are eligible, please click here.
Click here to download the Guidelines for Applicants and Key Information for this Call for Proposals
