The Facility Investing for Employment offers co-financing grants for projects that have the potential to create a high number of jobs. Its first competition round for Morocco has been announced.
From 1 to 30 June 2023, companies as well as public and non-profit organisations can submit investment proposals. Applications can be submitted in four categories. They range from purely private sector investments to public infrastructure projects. The projects are selected in a two-step process. It is essential that each project contributes to the creation of good jobs in the private sector of the partner country. The Facility only finances mature projects that have not yet started and that offer reasonable chances for being operationally and financially sustainable.
This Call for Proposals seeks applications for four types of investment projects:
The competition round in Morocco is open to all sectors of the economy. Candidates can apply individually or in a consortium with other candidates, provided they are based in African countries or in the EU/EFTA. The Facility Investing for Employment supports projects with grants ranging from 1 million to 10 million euros per project. Applicants are obliged to contribute own funds to complete the project finance. They must also prove that they cannot cover their funding needs from other sources.
Companies as well as public and non-profit organisations can submit concept notes as soon as the Call for Proposals opens.The Facility Investing for Employment is an investment mechanism created by KfW Development Bank on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) as an integral part of the Special Initiative "Decent Work for a Just Transition".General information on the application process is available on our website.The competition criteria for Morocco and the dates of the online information sessions are published in the Key Information Sheet and the Guidelines for Applicants. Both documents will be made available in the Download Center.
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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.
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