The ‘Ethiopian Jobs Compact’ will support the Government of Ethiopia’s industrialisation efforts, creating over 100,000 jobs for Ethiopians and refugees residing in the country. The Compact will match international support for job creation in Ethiopia to the gradual relaxation of the limitations on labour market access for 30,000 refugees. The job creation elements of the Compact would focus on Ethiopia’s ambitious industrialisation plans. This would support improvements in the investment climate, investment promotion, and improving environmental and social standards in the manufacturing sector. This would create over 100,000 jobs, mainly for young women, in global value chains such as garments and textiles. Support to refugees would include the necessary legislative changes but also training, relocation, rehousing and protection measures for this vulnerable group. It is anticipated that some of these employment opportunities for refugees would be in the manufacturing sector.
To support access to finance for small and medium sized businesses, especially those owned and run by women, and to support productivity and growth in the horticulture, leather and textiles sectors in order to raise incomes and create jobs.
This project will deliver on the economic priorities of the Federal Government of Somalia by supporting the World Bank’s Multi Partner Fund (MPF) to: 1. build more effective and efficient public institutions through support to Public Financial Management and Public Sector Management and 2. to improve the business enabling environment by building critical infrastructure, supporting the development of key sectors, helping create jobs and improving access to finance and training, with a focus on women and girls.
DFID is supporting emerging urban centres in Kenya to put in place sustainable urban economic plans; improve the investment climate and draw in investment for key climate-resilient infrastructure and value chain projects. This will include integrating digital technologies to build ‘smart’ towns/cities that improve the quality and performance of urban services and enable a better quality of life.
The programme will catalyse a market based approach for private sector delivery of solar home system (SHS) products and services. This will lead to improved energy access for people in sub-Saharan Africa currently who are currently without modern energy. The programme will work in 14 priorty countries: Mozambique, Malawi, Zambia, Zimbabwe, Tanzania, Rwanda, Uganda, Kenya, Ethiopia, Somalia, Nigeria, Ghana, Sierra Leonne and Senegal. The programme will support: 1) Technical assistance to improve the enabling environment for a market based approach for private sector delivery of solar home system (SHS) products and services (Policy and Regulatory Reform, investment readiness, learning and Coordination) 2) Finance for businesses wanting to enter new and emerging SHS markets in sub-Saharan Africa for their start up and early commercialisation of ideas 3) Test innovative approaches to stimulating private sector investment and a market development.
CP3 aims to demonstrate that climate friendly investments in developing countries, including in renewable energy, water, energy efficiency and forestry are not only ethically right but also commercially viable. It aims to attract new forms of finance such as pension funds and sovereign wealth funds into these areas by creating two commercial private equity funds of funds which will invest in subfunds and projects in developing countries, creating track records of investment performance which should in turn encourage further investments and accelerate the growth of investment in climate.