The Facility Investing for Employment has launched Calls for Proposals in Côte d'Ivoire, Egypt, Ethiopia,Ghana, Rwanda, Senegal, and Tunisia: ( Up to 10 Million Euros Available For Investment Projects)
The Facility Investing for Employment has launched Calls for Proposals in Côte d’Ivoire, Egypt, Ethiopia, Ghana, Rwanda, Senegal, and Tunisia.
Investing for Employment provides co-financing grants for investment projects with a high job creation impact. The Facility aims for an optimal allocation of available funding to projects with the highest plausibility of success and expected return in terms of the number and quality of new jobs created. The selection of projects is based on a competitive application process and gives priority to high-quality proposals that are mature and ready for execution. The Facility will only co-finance those projects that are rated best in terms of operational viability, financial sustainability, and job creation.
The Calls are open to all sectors of the economy. In Côte d’Ivoire, Senegal and Tunisia, there is a special application category “Climate” in addition to the thematically open competition.
Categories
Project categories and max. IFE cofinancing shareNot-for-profit projects with job creation impact (no revenue generation by the lead applicant’s entities or by the consortium members): Up to 90% of the total investment cost of the projectNot-for-profit projects with job creation impact (with revenue generation by the lead applicant’s entities or by the consortium members): Up to 75% of the total investment cost of the projectFor-profit projects with broader job creation impact”: Up to 35% of the total investment cost of the projectFor-profit projects with job creation impact: Up to 25% of the total investment cost of the project.
Key Performance Indicators (KPI)
IFE targets the following KPI:KPI 1: Number of new jobs created either at the applicant’s entity/ies and/or at 3rd party entitiesKPI 2: Number of improved working conditions / income for existing employeesKPI 3: Number of employees benefitting from vocational/further qualification measures.
Funding Information
IFE offers grants between 1 million EUR and 10 million EUR per project.
Project Location
All projects co-financed by IFE must take place entirely in the country of the Call for Proposals.
The job creation impact of the project must also take place in the country of the Call for Proposals.
Eligibility Criteria
Individual applicants (legal entities registered in the country of the proposed project: either Côte d’Ivoire, Egypt, Ethiopia, Ghana, Rwanda, Senegal, or Tunisia that have been in operation for at least three years)
Consortia (two or more legal entities, with at least one entity registered in the country of the proposed project: either Côte d’Ivoire, Egypt, Ethiopia, Ghana, Rwanda, Senegal, or Tunisia that have been in operation for at least three years).
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