Large skills development investment projects proposed by South African national training entities in partnership with companies will benefit from €3 million EUR grants by the Skills Initiative for Africa (SIFA). Successful projects under this window will receive a grant of up to EUR 3 million. Grantees will be required to make a counterpart contribution of at least 10% of the total project cost.
In April, the African Union Development Agency-NEPAD in partnership with the German Government and the South African Department of Higher Education and Training launched the Funding Window I, a call for proposals for large skills development investment projects proposed by domestic training entities in partnership with companies under the Skills Initiative for Africa.
During the event, the winner of the competition for Funding Window II in South Africa was announced:
The consortium is led by Thyssenkrupp Industrial Solutions South Africa and its partners; Ekurhuleni West TVET College (Germiston Campus), Colliery Training Centre (Pty) Ltd (CTC) (Witbank), Hamba Nathi Boilermaker Training Centre (Germiston) for construction of a training center with 1 50 0000 Euro.*
The Financing Facility for Skills Development is implemented through three funding windows:
WINDOW I: Large skills development investment projects proposed by national training entities in partnership with companies.
WINDOW II: Skills development investment projects proposed by International private sector entities in collaboration with national skills training entities.
WINDOW III: Innovative skills promotion pilot projects proposed by national training entities in partnership with public or private companies.
SIFA’s Financing Facility for Skills Development has been established and is implemented by the AUDA-NEPAD, with financing from Germany through KfW. The Financing Facility is designed to coherently address the common challenges of skills development in Africa by upscaling and/or disseminating local best practices and supporting innovative and sustainable approaches and thereby foster the employment and entrepreneurship of youth, women and vulnerable groups. Current participating pilot countries are Cameroon, Ethiopia, Ghana, Kenya, Nigeria, South Africa, Togo and Tunisia.