INVEST FOR JOBS – OPPORTUNITIES FOR GROWTH IN AFRICA
Note: As of January 2023, the Special Initiative on Training and Job Creation will be called Special Initiative "Decent Work for a Just Transition". You can find more information on the name change here.
Under the Invest for Jobs brand, the German Federal Ministry for Economic Cooperation and Development (BMZ) has put together a package of measures to support German, European and African companies in investment activities that have a high impact on employment in Africa. The Special Initiative "Decent Work for a Just Transition" – the official title – offers comprehensive advice, contacts and financial support to overcome investment barriers. The development objective is to team up with companies to create up to 100,000 jobs, generate training opportunities and improve working conditions in the African partner countries.
The consortium around the company Eranove successfully applied for a grant by the Facility Investing for Employment. The Facility is part of Invest for Jobs. On 26 January 2023, the grant contract for 5.17 million euros was signed in Abidjan. In three years, 14,000 people will attend the various training courses offered by the academy and more than 1,100 jobs are expected to be created.
Since its launch in June 2022, the Soft Landing initiative of Invest for Jobs in Tunisia has facilitated the arrival of 10 European and African IT companies in the country. In return, the companies committed to create over 100 high-quality tech jobs for Tunisians.
To implement BMZ’s development-policy priority areas in the 20th legislative period and to address changing global challenges, the Special Initiative on Training and Job Creation will have a new name and focus. As of January 2023, it will be called Special Initiative "Decent Work for a Just Transition".
Many African markets are dynamic and vibrant. With young populations, the growing availability of labour and skilled workers and their integration into global value chains, they offer attractive opportunities for companies, for example as a manufacturing base. If you want to invest but are facing obstacles, we can assist you by providing advice, contacts and financial support. Our partner countries include Côte d'Ivoire, Egypt, Ethiopia, Ghana, Morocco, Rwanda, Senegal, Tunisia.
The Centre for Management and Rural Economy (CGER) is the only management consultancy and accountancy network specialising in the rural sector in Senegal. Supported by Invest for Jobs, it is working to improve its existing services and developing new offerings with a view to growing its client portfolio. Benefiting from better support, clients will be able to invest and recruit more workers.
Ethiopia offers good investment conditions for textile companies and is well connected to several export markets. Ibercotton S.A. wants to make use of this competitive advantage. With support from Invest for Jobs, the company invests in new machinery and in the training of its employees. This will lead to a significant number of new jobs.
Despite having a university degree, young people in Ghana often lack practical skills that are urgently needed in companies. To close this gap, the PartnerAfrica project digicap.gh, in cooperation with universities and the private sector, has developed practical qualification measures in the ICT sector.
Benefit with your project from the combined expertise of the private sector, academia and public administration.
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