AfDB in second call for Migration and Development Fund proposals
The African Development Bank (AfDB) has launched the second call for proposals under the Migration and Development Fund (MDF). This second call for proposals, open from 15 April to 31 May 2012, is targeting project sponsors in Central Africa and the Indian Ocean.
MDF grants support projects that boost local development and aim to increase investment in migrant home countries in Africa in collaboration with African diasporas. The two sectors covered by the call for proposals are local development and investments in migrant home countries in Africa. Successful candidates will receive grants of up to €360,000.
Project sponsors must show evidence of wealth-building and/or job creation in Africa and of cutting down on informal financial practices. They must be registered and incorporated within Africa.
“We are doing this to encourage members of the African Diaspora to build on the social capital of their countries of origin in their local communities as well as their host societies,” said Rafael Jabba, the Fund’s coordinator.
Within the first area of interventions, the MDF provides funding to firms and institutions working on migration and development related activities in Africa: companies established by diaspora investors, financial institutions (including micro-finance institutions), migrant associations, NGOs, etc. Project sponsors must make a minimum contribution of 30 percent of the total project cost.
Under the component seeking to support local development in migrants’ countries of origin, eligible projects - preferably sponsored by non-profit organization - should be implemented in partnership with a migrant association. Grants in this category range from €30,000 to €70,000, with a maximum of €200,000 for projects sponsored by consortiums based on a prime grantee and sub-grantees.
In both cases, eligible countries are Chad, Central African Republic, Cameroon, Congo, DRC, Burundi, São Tomé and Príncipe, Rwanda, Equatorial Guinea, Gabon, Comoros, Mauritius, Madagascar, Angola and the Seychelles.
This second call for proposals falls within the AfDB initiative for cutting the transfer cost of migrant remittances and mobilizing these resources to complement other finance for African development.
The MDF is a joint initiative of the AfDB, the French Ministry of the Interior, Overseas, Local Authorities and Immigration and the International Fund for Agricultural Development.