Deadline: 30-Jun-22
The Facility Investing for Employment launches a Call for Proposals in Côte d’Ivoire, Ghana, Rwanda, Senegal, and Tunisia.
The purpose of the Facility Investing for Employment (IFE) is to support the creation of employment opportunities in Africa (long-term, full-time jobs). It does so by offering co-financing grants for new investment projects with a high job creation impact. The selection of projects is based on a competitive application process, looking for an optimal allocation of available funding to projects with the highest plausibility of success and expected return in terms of the number and quality of new jobs created.
IFE is part of the Special Initiative on Training and Job Creation created by the German Federal Ministry for Economic Cooperation and Development (BMZ). Operating under the brand Invest for Jobs, the Special Initiative aims to create good job and training opportunities and to improve working conditions in its partner countries in Africa.
What does the Facility Investing for Employment fund?
IFE provides grants between 1 million and 10 million euros per project to co-finance 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.
Eligibility Criteria
- Individual applicants (legal entities registered in the country of the proposed project: either Côte d’Ivoire, Ghana, Rwanda, Senegal, or Tunisia)
- Consortia (two or more legal entities, with at least one entity registered in the country of the proposed project: either Côte d’Ivoire, Ghana, Rwanda, Senegal, or Tunisia)
For more information, visit https://invest-for-jobs.com/en/calls-for-proposals-overview/ife-regional-call-for-proposals-june-2022