Facility "Investments for Employment" GmbH - IX

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Special initiative Good employment for socially just change The SI Good employment for socially just change aims to support selected African countries with reform potential in promoting sustainable employment together with the private sector. The SI currently supports Ethiopia, Morocco, Tunisia, Senegal, Ivory Coast, Ghana, Rwanda and Egypt and is part of the Marshall Plan with Africa and the G20 Compact with Africa initiatives. The focus is on removing barriers to investment based on the specific needs of African and European/German companies in creating jobs. A supra-regional facility has been set up to implement suitable investment measures within the framework of the SI Good employment for socially just change in a needs-based, efficient and flexible manner. The facility awards grants to applicants/sponsors to support them in preparing and implementing suitable investment measures. The aim of the project is to ensure that more people are formally employed and benefit from improved income and working conditions. Furthermore, companies are to be supported in maintaining their jobs in connection with the corona pandemic. The total cost of the facility is estimated at EUR 400 million (stock check) and is based on the available funds. The funds from the special initiative (grant quality) are used to provide capital for the facility, which was established in the form of a GmbH under German law. The capital is used in the form of a trust investment by KfW.