Project Beneficiaries
Overall, the project is expected to support Kenyan businesses (particularly MSMEs), foreign investors, and their underlying workers. Component 1 is expected to benefit all firms subject to the regulatory procedures addressed by the sub-national pilots through streamlined regulatory procedures. It will also benefit all foreign investors working with KenInvest via improved service delivery from KenInvest (e.g., completion of One Stop Center implementation). Component 2 will benefit the MSME clusters to participate in the project by providing BDS and co-investments to, inter alia, improve business and financial management capacity, establish market linkages, increase productive capacity, and adopt climate smart practices, in turn generating higher sales and profits for firms and higher wages and employment for workers. Component 2 is expected to benefit 1200 clusters with 600 clusters covered in co-investment. Component 3 is expected to firms accessing financing through the Green Investment Fund and KDC concessional loans. Finally, a number of government agencies or institutions are expected to benefit from KJET technical assistance or financial support.
