Germany’s KfW development bank intends to finance large-scale investment projects in Tunisia in the sector of vocational training and
The initiative, known under its acronym SIFA, is implemented by the African Union Development Agency and funded by the KfW.
It targets six African countries in addition to Tunisia, namely South Africa, Cameroon, Ethiopia, Kenya, Nigeria and Togo.
Calls for proposals will be launched by target countries before grants ranging from 1 million to 1.5 million euros (3.4 MTD to 5.1 MTD ) are directed towards selected projects, the same source notes.
Winning bidders have to make available a 10% consideration of the total cost of the project. They should be public or private local or national bodies entitled to provide training over 24 to 30 months.
The initiative is intended to enhance
15.3% of people aged 15 to 25 in Tunisia are jobless; those under 25 account for 39% of the total population.