German Financial Cooperation promotes TVET+ in Somalia
With funding from the German Ministry for Economic Cooperation and Development (BMZ), KfW Development Bank has extended a grant of 13 m EUR for the implementation of the TVET+ project.The german Development Bank KfW has extended a grant of 13 mio. € to the TVET+ project. The grant runs over six years and will help us to construct and expand the network of TVET+ training centers with integrated business hubs in Somalia.
KfW Development Bank supports development programmes and thus future prospects in Africa, Asia, Latin America and Southeast Europe. KfW is both an experienced bank and a development institution with financing expertise, expert knowledge of development policy and many years of national and international experience. On behalf of the German Federal Government, and primarily the Federal Ministry for Economic Cooperation and Development (BMZ), KfW finances and supports programmes and projects in developing countries, emerging economies and increasingly also in countries affected by conflict. The goal of KfW is to assist their partner countries in creating better living conditions, while protecting the climate and the environment at the same time.
KfW is continually expanding their global presence to ensure they can cooperate closely with their partners. In addition to their offices in Frankfurt, Berlin and Brussels, KfW also has foreign offices in almost 70 countries.
More info about KfW can be found here: https://www.kfw.de