ENABLE YOUTH KENYA (AFDB-P-KE-AAZ-014)

Countries
  • Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 11, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MINISTRY OF AGRICULTURE
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 14.94 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 18.10 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Mar 3, 2020


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Project Description

The overall aim of this project is to train and empower youth agricultural entrepreneurs (Agripreneurs) in 8 Youth Agri-Business Incubation Centres spread across the country over a five-year period. The incubation activities will be conducted under two categories: standard incubation (for unemployed graduates) and acceleration (those already engaged in agribusiness but lack access to finance and market linkages) options.


(Source: taken from EOI uploaded in disclosure).

 

Investment Description
  • African Development Bank (AFDB)

Total cost: 25770000
Currency: UAC

Source(s) of financing
ADF: 21277000
Government: 4493000

Contact Information

Task Manager: EGEH Mohamud Hussein, RDGE2 / no contact details provided at the time of disclosure


ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.