INVEST FOR JOBS
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 work together with companies to create up to 100,000 good jobs and to improve working conditions and social protection in its eight African partner countries: Côte d’Ivoire, Egypt, Ethiopia, Ghana, Morocco, Rwanda, Senegal and Tunisia. The Special Initiative is making a targeted contribution to shaping the socio-ecological transformation of the private sector in line with a just transition, and to creating more and better jobs for women.
Côte d'Ivoire is a major producer of natural rubber and shea butter. With the support of Invest for Jobs, the two partner companies Bio Amandes and Prime Prestige are investing in the expansion of their production. The aim is to promote employment in rural areas.
The successful applicants come from the sectors industry, education, and fashion. As part of Invest for Jobs, the Facility Investing for Employment (IFE) co-finances more than 6 million euros for their job-creating investments.
Rwanda's capital holds great potential for new digital mobility services like car sharing, ride-hailing, and bike rentals, according to a new feasibility study. These services, known as Mobility-as-a-Service (MaaS), can enhance accessibility, promote eco-friendly transportation, and boost economic growth by creating job opportunities.
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 eight partner countries are Côte d’Ivoire, Egypt, Ethiopia, Ghana, Morocco, Rwanda, Senegal and Tunisia.
The successful Zarzis Industrial Park will expand and build a modern technology centre to attract companies from the tech sector. Young companies will have access to a modern infrastructure and will be supported by funding programmes. This should lead to the creation of more than 500 jobs.
Through training and B2B exchange with German businesses, this project seeks to strengthen the capacities of 60 Ghanaian SMEs. The Readiness to compete in regional and international markets shall be improved and new jobs are going to be created.
Invest for Jobs is collaborating with Centrika, a Rwandan Fintech company, to implement a cashless Electronic Fare Collection System. By training unemployed youth and appointing them as dedicated service representatives, Centrika aims to roll out a fare collection system that will improve the agents’ lives and contribute to a cashless economy within Rwanda.
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