PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

603725

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Jun 30, 2020

Country

Kenya

Region

Africa

IFC Approval Date

Oct 31, 2019

Status

Active

Estimated Total Budget

$24,667,100.00
(Project budget includes all project-funded activities)

Last Updated Date

Apr 2, 2021

Project Estimated Start Date

Nov 1, 2019

Project Estimated End Date

Sep 30, 2024

Project Description

The Kakuma Kalobeyei Challenge Fund (KKCF) strengthens and deepens local markets in refugee hosting areas of Northern Kenya. KKCF consists of three components: 1) A rolling competitive business challenge , 2) An investment climate and policy enabling advisory, and 3) Support for Corporates. Geographic target area includes Kakuma refugee camp, Kakuma town, Kalobeyei refugee settlement and Kalobeyei town in Turkana County. The target group includes medium sized private companies, social enterprises and local entrepreneurs from the host and refugee communities, and the Turkana County Government for the investment climate advisory services.

The project will have a special focus on gender.

Private firms supported by the KKCF will be required to identify environmental and social risks and impacts as well as to design their activities in a sustainable manner in accordance with the IFC Performance Standards on Environmental and Social Sustainability (2012). The level of detail and complexity of the environmental and social management program required will be commensurate with the anticipated impacts and risks of each specific engagement while taking into account the outcome of the engagement process with affected communities as appropriate.

Development Results

E&S Risks / Impacts and Mitigation