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Investing for Employment launches Call for Proposals in Egypt

Investing for Employment launches Call for Proposals in Egypt


Deadline: 24-Jan-22

The Invest for Jobs has launched a call for proposals for Investing for Employment an investment mechanism for employment, providing competitive grants to co-finance public or private projects in its eight partner countries in Africa, including Egypt.

The facility Investing for Employment aims to support the creation of employment opportunities in Africa. It does so by offering co-financing grants for new investment projects with a high job creation impact.

It 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 training opportunities and to improve working conditions in its partner countries in Africa.

The facility’s ambition is to promote the labour market in Egypt by providing financial and technical support to project leaders to boost the economy, generate long-term jobs and encourage continuous training.

While project proposals from different sectors can qualify for funding, priority will be given to proposals that contribute to the economic development in areas such as green cities, sustainable agriculture, sustainable energy and transport systems, biodiversity and forestry, water, wastewater, solid waste, resource efficiency. All applicants will have to show how their projects contribute to the creation of sustainable jobs. Green Economy projects are particularly welcome.

Funding Information
Grants range from 1 million to 10 million euros per project. The applicant is obliged to contribute own funds to complete the project finance.
The level of co-financing depends on the type of project
Types of Projects
Public infrastructure for job creation – not-for-profit (facility covers up to 90 % of the cost)
Common service for job creation – not-for-profit (facility covers up to 75 % of the cost)
For-profit-projects that foster direct job creation, and have broader benefits/impacts that are not limited to the applicant’s entity (facility covers up to 50 % of the cost)
For-profit-projects that foster direct job creation by the applicant (facility covers up to 25 % of the cost)
Eligibility Criteria
The facility Investing for Employment wants to contribute to this transformation and invites companies as well as public bodies to submit project proposals that contribute to sustainable job creation, while at the same time help to drive the transformation towards a Green Economy.
Project proposals from different sectors can qualify for funding, but priority will be given to proposals that contribute to the economic development in areas such as green cities, sustainable agriculture, sustainable energy and transport systems, biodiversity and forestry, water, wastewater, solid waste, resource efficiency.
For more information, visit https://invest-for-jobs.com/en/news/investing-for-employment-launches-call-for-proposals-in-egypt

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