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