logoBC
Yaoundé - 07 July 2020 -
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-telecom-regulator-art-recorded-about-cfaf56-bln-of-bad-debts-in-2019
The financial statements of Cameroon’s Telecommunications Regulatory Board (ART) reveal a deficit of CFAF 2.2 billion at the end of the financial year...
listed-in-a-fraud-case-in-drc-afriland-group-lodged-a-complaint-against-its-accusers-in-paris
On July 1, 2020, Afriland First Bank Democratic Congo (CD), one of the eleven subsidiaries of the banking group founded by Cameroonian billionaire Paul K....
cameroon-plans-to-create-100-000-jobs-over-5-years-with-the-eii-approaches
To combat unemployment, the Cameroonian government intends to create 100,000 jobs over the 2020-2025 period. To achieve this, the government plans to...
cameroon-reduced-transit-time-from-40-to-5-days-by-digitizing-foreign-trade-procedures
In Cameroon, transit time was reduced from 40 to 5 days by the end of Q1-2020 thanks to digitalization and telecommuting, according to the single window...

Mags frontpage


Business in Cameroon n88: June 2020

Covid 19 Its impacts so far


Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»


Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts


Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »