Egypt, Tunisia, Côte d’Ivoire, Ethiopia, Ghana, Rwanda, and Senegal, in particular.
According to ArabFinance, the Facility Investing for Employment (IFE) announced on March 30th that it would provide joint financing of up to €10 million to each project that provides job opportunities in African emerging markets, according to an emailed press release.
This is part of a plan to support investment projects aimed at expanding or starting new ones in Africa’s emerging markets, particularly Egypt, Tunisia, Côte d’Ivoire, Ethiopia, Ghana, Rwanda, and Senegal.
The facility’s goal with this move is to boost investments in African emerging markets in order to create new job opportunities in the private sector and encourage companies to face various challenges such as inadequate infrastructure and inefficient energy, water, and road networks.
It should be noted that the IFE is an investment mechanism established by the KfW Development Bank on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) as part of the Special Initiative on Training and Job Creation.
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