KENYA - Competitiveness and Economic Recovery Support Programme II (CERSP-II) (AFDB-P-KE-K00-010)

  • Kenya
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 29, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Republic of Kenya
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 5.20 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported U.A 69,623,174.35
Converted using 2022-09-06 exchange rate.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 6, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Competitiveness and Economic Recovery Support Programme II (CERSP-II) is the second phase of the two-year programmatic operation covering fiscal years from 2020/21 to 2022/23. It concerns the strengthen resilience and support inclusive post-pandemic economic recovery through improved economic governance and enhanced industrial development and competitiveness. The key outputs of the CERSP-II are (i) anti-money laundering frameworks strengthened; (ii) E-Government procurement advanced; (iii) fiscal commitment and contingent liabilities framework enhanced; (iv) monitoring of state owned enterprises improved; (v) increased budgetary allocations towards the development of special economic zones (SEZs); (vi) monitoring public investment management enhanced; (vii) single registry for social protection implemented; and (viii) universal access to affordable and quality health services advance

The overarching development objective of CERP-II is to continue to strengthen resilience and to support inclusive post-COVID-19 pandemic economic recovery through improved economic governance and enhanced industrial development and competitiveness. CERP-II aims to deepen support to Kenya's medium term development agenda by placing emphasis on: (i) enhancing fiscal performance; (ii) strengthening industrial development and competitiveness; and (iii) promoting economic and social inclusion by supporting the development of Micro, Small & Medium Enterprises (MSME), social protection coverage, and women's empowerment.


The beneficiaries of the programme remain the same as under the CERSP-I. The direct beneficiaries are: The National Treasury; the Ministry of Industry, Trade, and Cooperative; the Ministry of Labour and Social Protection; the Ministry of Public Service, Youth and Gender Affairs; the Ministry of Health; Kenya Revenue Authority; Public Procurement Regulatory Authority; and Micro and Small Enterprises Authority. The private sector will also benefit from improved investment opportunities in industry (including in SEZs), and PPP transactions. The MSMEs will equally benefit from improved policy framework, access to affordable finance, and research and development. The programme will ultimately indirectly benefit all citizens of Kenya as enhanced fiscal performance will help to expand fiscal space for pro-poor spending and expansion of the COVID19 vaccination program which is the foundation for quick economic recovery.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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Not Disclosed


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How it works