South African skills development is expected to benefit from a cash injection by the German backed enterprise known as the Skills Initiative for Africa (SIFA).
SIFA finances projects in several African countries that contribute to employment-oriented skills development for young people.
These SIFA projects are administered through the African Union, with the help of the Federal Ministry of Economic Cooperation and Development (BMZ) of Germany.
The entity has now set its sight on SA soil and the Department of Higher Education and Training, the CEO of the African Union Development Agency, Dr. Ibrahim Assane Mayaki together with the German ambassador to South Africa, Dr. Martin Schafer launched the SIFA South Africa Funding Window 1.
The announcement was made at a SIFA ceremony hosted in Pretoria where stakeholders gathered to unveil the initiative.
According to SIFA guidelines grants are allocated on a competitive basis through three different windows.
Each grant is awarded according to the criteria of the funding window which assesses various thematic elements.
In window 1 applicants are eligible to receive up to EUR3 million for large investment projects in modern workplaces.
Funding is also granted in order to build the capacity of public and private training institutions and deliver quality skills programs for the youth in priority growth sectors.
Domestic public or private accredited training provider and domestic private sector entities are eligible to apply for funding.
However applicants will be required to contribute at least 10 % of the total project cost or investment.
For more information or to see the guidelines visit Skills Initiative for Africa