Kenya Industry and Entrepreneurship (WB-P161317)

Countries
  • Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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
B
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
Jun 15, 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
The Republic of Kenya
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 50.00 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)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 13, 2018

Disclosed by Bank Aug 29, 2017


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Project Description

The development objective of the Industry and Entrepreneurship Project for Kenya is to increase innovation and productivity in select private sector firms. It has three components. First component, strengthening the innovation and entrepreneurship ecosystem aims to improve the survival and growth rates of technology-enabled startups in Kenya through a stronger innovation and entrepreneurship ecosystem and talent base; Second component, SME linkages and upgrading aims to strengthen the productivity and internal capabilities for innovation of Kenyan SMEs, so that they can better compete for local and international market opportunities. It will support SMEs in improving their managerial and technical skills and their use and access to technology, and contribute towards the creation of local content. This component will finance diagnostics and performance-based contracts to select SMEs; Third component, outreach, M&E, and project implementation support is to provide resources for: (a) communications to facilitate diffusion and replication of promising innovations, (b) monitoring and evaluation (M&E) analyses to ensure the implementation and sustainability of the Project’s activities, and (c) project implementation support, through the Project Implementation Unit (PIU). This component will finance the design and implementation of an overall Project communications strategy, and dissemination tools to inform stakeholders on the Project’s progress and facilitate replicability of early success stories.

Investment Description
  • World Bank (WB)
Contact Information

Ministry of Industry, Trade and Cooperatives

Hon. Adan  Mohamed

cs@industrialization.go.ke

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.