The facility Investing for Employment supports the Egyptian labour market by offering co-financing grants for projects with a high job creation impact. The facility will officially launch its first Call for Proposals on 30 November 2021. The focus in on Green Economy. Project proposals from other sectors are welcome.
The regional facility 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 "Decent Work for a Just Transition" by the German Federal Ministry for Economic Cooperation and Development (BMZ).
The aim of the facility Investing for Employment is to create sustainable employment opportunities in its partner countries by providing co-financing grants to investment projects with a high job creation impact.
The first Call for Proposals in Egypt will be launched on 30 November 2021 at 5 pm CET seeking applications for four types of projects:
Green Economy will be the priority theme of this Call for Proposals
With the Vision Egypt 2030, the Egyptian government has set itself the goal of sustainable and resource-efficient economic growth. This transformation requires high investments but has the potential to create much-needed jobs in the country. Investments in the Green Economy can help reduce greenhouse gas emissions and pollution, increase energy and resource efficiency, and prevent the loss of biodiversity and ecosystem services.
The facility Investing for Employment supports this process and invites companies and public bodies to submit project proposals that contribute to sustainable job creation and help to drive the transformation towards a Green Economy.
Grants by the facility Investing for Employment range from 1 million EUR to 10 million EUR. The applicant is obliged to contribute own funds to complete the project finance.
Companies and other private or public organisations can submit concept notes as soon as the call for proposals opens on 30 November 2021.
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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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