The Facility « Investing for Employment » launches its 1st Call for proposals in Senegal on 25 March 2021
The Facility « Investing for Employment » (IFE) aims to support the creation of decent employment opportunities in Africa. It does so by offering co-financing grants for new investment projects with a high job creation impact. IFE will officially launch its first call for proposals in Senegal on Thursday 25 March 2021.
The Facility « Investing for Employment » (IFE) is an investment mechanism for employment, providing competitive grants to co-finance public or private projects in its eight partner countries in Africa, including Senegal.
IFE is part of the Special Initiative on Training and Job Creation of the German Federal Ministry for Economic Cooperation and Development (BMZ). Operating under the brand Invest for Jobs, the Special Initiative aims to create good jobs and apprenticeships and to improve working conditions in its partner countries in Africa: Côte d'Ivoire, Egypt (in preparation), Ethiopia, Ghana, Morocco, Rwanda, Tunisia and Senegal.
IFE ambition is to promote the Senegalese labour market by providing financial and technical support to project leaders in order to boost the economy, generate long-term jobs and encourage continuous training.
The first call for proposals in Senegal will be launched on 25 March 2021 at 5pm CET, seeking applications for four types of projects:
- Public Infrastructure for job creation (covers up to 90 % of the cost)
- Common service for job creation (covers up to 75 % of the cost)
- Projects that foster direct job creation which have benefits/impacts more broadly than solely for the project owners (covers up to 50 % of the cost)
- Projects that foster direct job creation by companies (covers up to 25 % of the cost)
Green economy is also one of the key elements that applicants will have to take into account. A criterion that aligns with the initiatives taken by Senegal, which joined the Partnership for Action on Green Economy (PAGE) in 2014 to particularly promote green industry, trade and employment.
IFE grants range from 1 million EUR to 10 million EUR. The applicant is obliged to contribute own funds to complete the project finance.
IFE invites companies and other interested organisations, whether public or private, as well as consortia to submit concept notes as soon as the call for proposals opens on 25 March 2021 at 5 pm CET.MORE INFORMATION