Women in Business
11.11.2022

“Women in Business”. IFE launches Call for Proposals in Egypt

The Facility Investing for Employment has launched a Call for Proposals in Egypt with a focus on “Women in Business”.

The Facility Investing for Employment aims to support the creation of employment opportunities in Africa. This Call for Proposals supports women entrepreneurs and women-led businesses and makes financing available to projects that promote the employment of women.

The thematic Call for Proposals on “Women in Business” was launched in Egypt on 14 November 2022. The selection of projects will be based on a competitive application process and will give priority to high-quality proposals that are mature and ready for execution. IFE will only co-finance those projects that are rated best in terms of operational viability, financial sustainability, and job creation.

 

This Call for Proposals is seeking applications for four types of investment projects:

  1. Not-for-profit Projects with job creation impact (no revenues):
    The Facility covers up to 90 % of the investment costs.
     
  2. Not-for-profit Projects with job creation impact (generating revenues):
    The Facility covers up to 75 % the investment costs.
     
  3. For-profit Projects with broader job creation impact:
    The Facility covers up to 35 % the investment costs.
     
  4. For-profit Projects with job creation impact:
    The Facility covers up to 25 % of the investment costs.

Grants range from 1 million to 10 million euros per project. The applicant is obliged to contribute own funds to complete the project finance. The level of co-financing depends on the type of project.

 

The application process

This Call for Proposals is open for all sectors of the economy. Companies can apply individually or in a consortium with other entities from Africa and/or from the EU/EFTA region.

For more information, please visit the website for this Call. The Guidelines for Applicants and Key Information for this Call for Proposals are available in our Download Center

The Facility invites companies and other interested parties, whether public or private, to submit their concept notes until 22 December 2022 at 5 pm CET.

 

Further information and webinars

If you have any questions, please consult our FAQ section. If you cannot find the information you need, please send us an email to cfp.wib-egypt@invest-for-jobs.com until 15 December 2022 at 5 pm CET at the latest.

A series of online meetings will be organised to present the objectives of the Facility, its conditions for submitting proposals, as well as the steps and modalities of participation. The webinars will take place on the following days: 22 November, 6 December, and 13 December 2022. All webinars start at 10 am CET (11 am in Egypt). To receive the link, please send an email to: cfp.wib-egypt@invest-for-jobs.com

Potential applicants can contact the helpdesk that was created specifically for this Call. To book a session with the helpdesk, please write to: helpdesk-wib@invest-for-jobs.com

The Facility Investing for Employment is an investment mechanism for employment that uses a competitive application process to provide co-financing grants to private and public projects in eight African partner countries. The Facility is part of the Special Initiative on Training and Job Creation by the German Federal Ministry for Economic Cooperation and Development (BMZ). Operating under the brand Invest for Jobs, the Special Initiative aims to remove investment barriers and to create good jobs and training opportunities in its partner countries in Africa: Côte d'Ivoire, Egypt, Ethiopia, Ghana, Morocco, Rwanda, Senegal, and Tunisia.

You can visit our website for more information about the Facility Investing for Employment.

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