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.
Very little plastic waste is recycled in Ghana, while the consumption of plastic products is increasing rapidly due to population growth and increasing levels of prosperity. By supporting the local company Tidyup, Invest for Jobs is helping to create employment in the formal sector and to strengthen the recycling economy in Ghana.
Cotton is one of the most important export products for the Senegalese agricultural industry. However, the country currently produces only 20 per cent within its means. Invest for Jobs supports the revitalisation of the Senegalese textile sector, which is expected to create 950 new jobs and more.
Invest for Jobs supports the Rwandan Ministry of Trade and Industry with setting up a one-stop shop and online marketplace to enable over 600 small and medium-sized enterprises sell goods and services online at minimum upfront costs.
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