IFE Call for Proposals May 2024
15.03.2024

Calls for Proposals announced for several countries

Applications for grants by the Facility Investing for Employment can be submitted from 15 May 2024.

The Facility Investing for Employment will launch sector-open competition rounds in Ghana, Morocco, Rwanda, and Senegal. The Facility is looking for projects that create a significant number of jobs that give access to social security systems.

From 15 May to 1 July 2024, companies as well as public and non-profit organisations can submit investment proposals. From purely private sector projects to public infrastructure projects, the Facility awards grants of between EUR 650,000 and EUR 6 million euros per project proposal. The amount of the grant depends on the project and country. It is essential that each proposed investment project contributes to sustainable job creation in the private sector and that the jobs give access to comprehensive social benefits.

The grant amount per job created must not exceed EUR 10,000. Projects that contribute to the promotion of women’s employment or to the socially just transition to a climate-friendly economy have a better chance of receiving a grant.

The Calls for Proposals in the countries mentioned above seek applications for four types of investment projects:

  1. Not-for-profit projects with job creation impact (no revenues):
    IFE covers up to 90% of the investment costs.

  2. Not-for-profit projects with job creation impact (generating revenues):
    IFE covers up to 75% of the investment costs.

  3. For-profit projects with broader job creation impact:
    IFE covers up to 35% of the investment costs.

  4. For-profit projects with job creation impact:
    IFE covers up to 25% of the investment costs.

The projects are selected in a two-step process. The Facility only finances mature projects that have not yet started and that offer reasonable chances for being operationally and financially sustainable. 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 online as soon as the Calls for Proposals open.

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 and the dates of the online information sessions are published in the Key Information Sheet and the Guidelines for Applicants. Both documents will soon be made available in the Download Center.

DOWNLOAD PRESS RELEASE

    Contact

    We are looking forward to hearing from you

    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 African partner countries.

    Partner countries: Côte d’Ivoire, Egypt, Ethiopia, Ghana, Morocco, Rwanda, Senegal and Tunisia.

    Find out more about our services for companies, universities, chambers and associations: https://invest-for-jobs.com/en/offers

    at least 300 characters
    at least 300 characters
    at least 300 characters
    at least 300 characters
    at least 300 characters
    at least 300 characters
    Drag and drop files here or click to upload

      Please check that your enquiry does not match any of the other drop-down options. If so, please click on this option and enter all the required information. Please note that we can only process enquiries that contain all the necessary information.

      Please refer to the Data Protection Statement for information about your rights and options for withdrawing your consent.

      Press contact

      Phone: +49 30 / 18 535-28 70 oder -24 51

      Fax: +49 30 / 18 535-25 95

      E-Mail: presse@bmz.bund.de

      Please understand that the Press Office only answers questions from journalists.