Donation Amount. Min £2

 

NAIROBI, Dec. 8 (Xinhua) -- The International Finance Corporation (IFC), a member of the World Bank Group focusing on the private sector in developing countries, and the AECF (Africa Enterprise Challenge Fund), an Africa-based development organization, on Wednesday launched the second round of a global competition to increase economic integration and self-reliance among refugees in Kenya.

The competition for the private sector and social enterprise projects will support investment, development, and job creation in Kenya's Kakuma refugee camp and hosting area.

"Through this new competition, we hope to attract more businesses, especially those involved in underrepresented sectors like small manufacturing, aquaculture, retail services, and construction," CEO Victoria Sabula of the AECF said in a joint statement issued in Nairobi, the Kenyan capital.

The competition, which runs until Jan. 31, 2022, is open to private sector businesses or social enterprises operating in any sector.

Winners will be chosen based on their bids' potential to raise incomes, provide goods and services, create jobs, and improve living standards in both the Kakuma refugee camp and the adjacent host community, home to more than 240,000 people, including 220,000 refugees.

According to IFC, winning entrants will be awarded technical support and performance-based grants of between 100,000 U.S. dollars and 750,000 U.S. dollars.

The competition is part of the Kakuma Kalobeyei Challenge Fund (KKCF), a joint initiative of IFC and the AECF, whose aim is to increase economic integration and self-reliance among displaced populations and their host communities.

Jumoke Jagun-Dokunmu, IFC regional director for Eastern Africa, said the IFC is committed to uplifting the lives of refugees and those living in host communities by championing private sector solutions.

The competition is being implemented with support from Kenya's Turkana County Government and the UN Refugee Agency (UNHCR). It follows the first round of the competition in December 2020 that awarded more than 5 million dollars in grant funding to 13 social and private sector applicants in sectors including renewable energy, financial services, health care, and childcare.

The KKCF initiative is a 25-million-dollar, five-year program designed to support private sector investment and unlock the economic potential of refugees and those living in the surrounding host communities in Kenya's Turkana County. - Xinhua

About IEA Media Ltd

Informer East Africa is a UK based diaspora Newspaper. It is a unique platform connecting East Africans at home and abroad through news dissemination. It is a forum to learn together, grow together and get entertained at the same time.

To advertise events or products, get in touch by info [at] informereastafrica [dot] com or call +447957636854.
If you have an issue or a story, get in touch with the editor through editor[at] informereastafrica [dot] com or call +447886544135.

We also accept donations from our supporters. Please click on "donate". Your donations will go along way in supporting the newspaper.

Get in touch

Our Offices

London, UK
+44 7886 544135
editor (@) informereastafrica.com
Slough, UK
+44 7957 636854
info (@) informereastafrica.com

Latest News

Industrialist Pankaj Oswal claims daughter illegally imprisoned in Uganda

Industrialist Pankaj...

Vasundhara Oswal has been in prison since October 1, the family claims. Pankaj Oswal claims his daug...

Rwanda: Torture, Ill-Treatment in Detention

Rwanda: Torture, Ill...

By Human Rights Watch An illustration of the “Yordani”, a torture site within Nyarugenge and Rubavu...

Uganda: Kiswahili Council Bill hits another hurdle over ownership

Uganda: Kiswahili Co...

The Leader of the Opposition, Hon. Joel Ssenyonyi, observed that when the Bill was brought before Pa...

Ruto's adviser at the centre of controversial Adani-JKIA saga

Ruto's adviser...

Jomo Kenyatta International Airport in Nairobi.[File, Standard] The government could have been quie...

For Advertisement

Big Reach

Informer East Africa is one platform for all people. It is a platform where you find so many professionals under one umbrella serving the African communities together.

Very Flexible

We exist to inform you, hear from you and connect you with what is happening around you. We do this professionally and timely as we endeavour to capture all that you should never miss. Informer East Africa is simply news for right now and the future.

Quality News

We only bring to you news that is verified, checked and follows strict journalistic guidelines and standards. We believe in 1. Objective coverage, 2. Impartiality and 3. Fair play.

Banner & Video Ads

A banner & video advertisement from our sponsors will show up every once in a while. It keeps us and our writers coffee replenished.