Germany’s KfW wants to fund projects in Tunisia as part of Skills Initiative for Africa

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Germany’s KfW development bank intends to finance large-scale investment projects in Tunisia in the sector of vocational training and competence development as part of the Skills Initiative for Africa. This initiative was developed through a partnership between the African Union Commission (AUC) and the German Federal Ministry for Economic Cooperation and Development, TAP reports.

The initiative, known under its acronym SIFA, is implemented by the African Union Development Agency and funded by the KfW.

It targets six African countries in addition to Tunisia, namely South Africa, Cameroon, Ethiopia, Kenya, Nigeria and Togo.

Calls for proposals will be launched by target countries before grants ranging from 1 million to 1.5 million euros (3.4 MTD to 5.1 MTD ) are directed towards selected projects, the same source notes.

Winning bidders have to make available a 10% consideration of the total cost of the project. They should be public or private local or national bodies entitled to provide training over 24 to 30 months.

The initiative is intended to enhance employment prospects of young people, women and vulnerable people in Africa. It contributes to meeting the objectives of the AU’s Agenda 2063, mainly adjusting the education and training system to international quality standards and increasing youth employability in priority economic sectors.

15.3% of people aged 15 to 25 in Tunisia are jobless; those under 25 account for 39% of the total population.

TunisianMonitorOnline

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