This content is relevant for:Senegal
Employment Promotion / Below-Ground Construction, Infrastructure / Economic Promotion, Foreign Trade Promotion
The Facility « Investing for Employment » (IFE) is an investment facility created by KfW Development Bank (KfW) on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) as an integral part of the Special Initiative on Training and Job Creation. 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.
To reach this goal, IFE awards co-financing grants ranging from 1 million EUR to 10 million EUR per project through a competitive application process. The first call for proposals in Senegal will be launched on 25 March 2021 CET, seeking applications for four types of projects:
1. Public Infrastructure for job creation (covers up to 90 % of the cost)
2. Common service for job creation (covers up to 75 % of the cost)
3. 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)
4. 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.
The evaluation of the projects will be carried out by the Facility IFE. The evaluation process covers a first pre-selection stage based on submitted concept notes and a second phase of a detailed project proposal evaluation.
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.
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