The Facility Investing for Employment announces new projects in Egypt, Ghana, and Tunisia
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
In 2022 companies and public entities were invited to propose projects in Egypt, Ethiopia, Côte d’Ivoire, Ghana, Rwanda, Senegal, and Tunisia for funding by the Facility IFE. Several projects have been selected and contracts were signed for projects in Egypt, Ghana, and Tunisia. IFE Managing Directors Anke Afflerbach and Steffen Kuhl attended the signing ceremonies and congratulated the new grantees.
The Facility will disburse its funding in a step-by-step process. Applicants will only get access to the next tranche if they reach pre-defined milestones that are part of the grant agreement.
© IFE // Dalia Ibrahim, CEO of Nahdet Misr Publishing House, and Steffen Kuhl, Managing Director of IFE, sign one of the grant agreements
In Egypt, Nahdet Misr Publishing House and its consortium partner Network for Employment Promotion will open the Ta’heal International Academy in Shubra El-Kheima. The private vocational school with 26 classrooms will offer modern training programmes and internationally recognised degrees to the growing number of jobseekers in Egypt. Steffen Kuhl congratulated the partners and said: “The IFE grant will be used for the renovation of the existing premises, for the construction and equipment of new workshops and for other modern technological tools. We expect the Academy to have a lasting impact on technical training in Egypt.”
© IFE // Ground stone laying ceremony for a new water tank at the Tema Export Processing Zone.
The Ghana Free Zones Authority (GFZA) will improve the water supply and sewage system of the Tema Export Processing Zone with the help of an IFE grant. The construction will make the industrial park more attractive to companies and create new jobs in export-oriented sectors of the economy. The grant will be used to build new water tanks and a pump house. Mike Oquaye, CEO of the GFZA, underlined the importance of the grant: “Our industrial park is faced with some infrastructural challenges which include inadequate water supply to companies located there. The grant that we have been awarded will help us deal with this challenge.”
© IFE // Lassaad Slama, Managing Director of Soprotic, and Anke Afflerbach, Managing Director of IFE, sign the grant agreement.
The Tunisian company Soprotic will also receive an IFE grant. The company has been manufacturing and designing shoes for export since 1991. Soprotic will invest in new production facilities that fulfil international social, quality, and environmental standards. The aim is to increase exports, win new customers and create new jobs in the shoe industry. During the signing ceremony with the Tunisian grantee Soprotic, Jacqueline Groth, Head of Cooperation at the German Embassy in Tunis said: “We hope that the project we are launching today will help achieve the objectives of the Special Initiative and create new and decent jobs for the benefit of the Tunisian economy.”
We keep you posted on project updates on our website project overview and LinkedIn channel.