Govt Secures Over Ksh5 Billion From World Bank to Create Jobs

The money will be channeled to priority sectors, which include electric mobility and transport, energy-efficient and green buildings, sustainable agriculture, and waste management solutions...

✨ Key Highlights

The World Bank has pledged Ksh5.55 billion (USD43 million) to the government of Kenya to establish a Green Investment Fund, aiming to create jobs and support sustainable practices within Small and Medium-sized Enterprises (SMEs).

The funding will target SMEs in sectors such as electric mobility, green buildings, sustainable agriculture, and waste management.
The Kenya Development Corporation’s (KDC) Green Investment Fund will implement the initiative to boost private sector investment and sustainable finance.
The fund is part of the broader Kenya Jobs and Economic Transformation (KJET) Project, with related initiatives like the Supporting Access to Finance and Enterprise Recovery (SAFER) Project already assisting over 37,000 enterprises and creating more than 25,000 jobs in Kenya.

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