logoBC
Yaoundé - 29 November 2023 -
Development aid

Cameroon: Germany’s KfW to unlock €3mln as part of the Skills Initiative for Africa Program

Cameroon: Germany’s KfW to unlock €3mln as part of the Skills Initiative for Africa Program
  • Comments   -   Friday, 18 January 2019 15:57

(Business in Cameroon) - German development bank KfW plans to finance big vocational training and skills development projects in Cameroon. Projects can be submitted by training entities in partnership with the private sector.

Under this move, Robert Mba, the bank’s representative in Cameroon, along with Issa Tchiroma Bakary, Cameroonian minister of employment and vocational training, launched January 17 in Yaoundé a call for proposals as part of the financing Mechanism Window 1 of the Skills Initiative for Africa (SIFA).

According to Mr. Mba, the projects selected under SIFA’s Funding Window 1 will receive a grant of up to €3 million (about XAF2 billion). Winning bidders should contribute 10% to the aggregate project cost.

The Funding Window 1 is currently implemented by the development agency of the African Union with money provided by Germany via KfW. Countries engaged in the SIFA facility include South Africa, Cameroon, Ethiopia, Kenya, Nigeria, Togo and Tunisia.

S.A

cameroon-cncc-and-apme-equip-150-agri-food-smes-in-douala
The National Council of Shippers of Cameroon (CNCC) and the Agency for the Promotion of Small and Medium-sized Enterprises (APME) provided equipment to...
cameroon-grapples-with-persistent-inflation-at-7-7-double-the-regional-tolerance-limit
Cameroon’s national stats agency INS issued a report indicating that the country’s average annual inflation rate in October 2023 reached 7.7%. Although...
customs-resume-goods-auctions-at-the-port-of-kribi-after-a-two-year-break
An auction of goods will be held at the port of Kribi on December 8, according to a November 21 press release signed by Norbert Belinga, head of customs...
cameroon-s-stakeholders-finalize-creation-of-cotton-interprofession
From November 23 to 26, 2023, stakeholders in the cotton sector, including the Cotton Development Company (Sodecoton), the National Confederation of...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »