PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602015

Primary Business Area

Infrastructure and Natural Resources

Disclosure Date

Dec 17, 2019

Country

Kenya

Region

Africa

IFC Approval Date

Oct 1, 2018

Status

Completed

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated Start Date

Sep 1, 2018

Project Estimated End Date

Jun 30, 2023

Project Description

The objective of the Kenya Local Economic Development Project (LED-Kenya) is to strengthen local businesses and the business enabling environment in communities impacted by oil, gas, mining and infrastructure investments in Kenya. The Project will cover 3 components: COMPONENT 1: Local Content Development: Enhance opportunities for local businesses to participate in the supply chains of multinational firms by improving access to information along with improving local firm capacity to meet standards and international requirements. COMPONENT 2: Local Economic Development: Support the creation of diverse market opportunities for local businesses and improve the competitiveness of local businesses to access new markets such as agricultural and livestock value chains or renewable energy. This will include a focus on supporting women and youth entrepreneurship, capacity building, and facilitating access to finance with local financial institutions. COMPONENT 3: Institutional capacity building: Work to promote a sustainable and conducive environment for private sector development. This will include, among others: support with the development of a strategies for Biashara Centers, training of trainers (to localize training capacity), enhancement of corporate governance of local Boards and Advisory Councils. The project will focus on empowering gender balanced participation in the structures and activities of the governance of communities.

Development Results

E&S Risks / Impacts and Mitigation