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 of the German Federal Ministry for Economic Cooperation and Development (BMZ). Operating under the brand Invest for Jobs, the Special Initiative aims to create good jobs and apprenticeships and to improve working conditions in its partner countries in Africa.
More information about the IFE facility can be found here.