The Kakuma Kalobeyei Challenge Fund (KKCF), a five-year program of the International Finance Corporation (IFC), is designed to unlock the economic potential of refugees and their hosts, in Turkana County by increasing private sector investments. It aims at enabling better economic integration and self-reliance of displaced populations and their host community. The program is implemented by the Africa Enterprise Challenge Fund (AECF), Turkana County Government, and the United Nations High Commissioner for Refugees (UNHCR).
Competitive Business Challenge
KKCF’s competitive business challenge is being managed by AECF. The competition will support established companies, social enterprises, and local entrepreneurs in implementing commercially viable and sustainable businesses that have the potential to raise incomes, provide goods and services, create jobs and/or improve living standards in both the camp and host community.
There are three separate windows – private sector window, social enterprise window, and local enterprise development window.
Private sector companies and social enterprises will compete for performance-based grants, which also require co-financing from the companies.
The private sector and social enterprise windows are being launched on 10 November with the closing date for applications Tuesday 22 December. For more information on how to apply, please go to www.kkcfke.org/competitions.
Register for launch webinar – Tuesday, 10 November 2020 HERE.
The local enterprise window will be launched in early 2021.
For micro and small enterprises from the Kakuma- Kalobeyei areas, grants and technical assistance are provided by KKCF, with the goal to ‘graduate’ these businesses so they can access expansion resources from microfinance organisations and other financial institutions.
Objectives
The initiative’s overarching objectives are to:
KKCF aims to address the following development challenges in the Kakuma and Kalobeyei areas:
By 2024, the program will have:
Visit KKCF website for more details.