Kenya innovative businesses to compete for £100,000 each
An initiative of the UK, the challenge
has returned for the second time with a call for proposals and the businesses
that are deemed successful after meticulous evaluation will receive grant
funding and technical assistance of up to KES 13,000,000 (£100,000) each.
The funding, made available
through the Kenya Catalytic Jobs Fund, will focus on three thematic areas:
agriculture and manufacturing, the informal sector and people in marginalised
groups and areas; and proposals will be evaluated based on their innovation,
sustainability and potential to stimulate job creation.
Supported by UKAid, KCJF is a KES
650 million (£5m) 4-year programme which tests and supports innovative
businesses with the potential to stimulate large scale job creation.
The programme is part of the UK
Department for International Development’s broader economic development
portfolio in Kenya which promotes greater private investment including for the
poorer regions, invests in better planned urbanisation to expand access to
economic opportunities, brings down the barriers and cost of trade and helps
Kenya firms grow their export markets.
Speaking during the launch of the
second proposal call, the head of DFID Kenya, Julius Court, said, “The UK is
delighted to be part of efforts to tackle such constraints and promote the
growth of the private sector in a way that creates opportunities for the youth.
We are listening when Kenyans tell the world they want mutually beneficial
partnerships that move beyond aid and attract quality investment and create
millions of jobs."
The second call for proposals
will close on March 15, 2020.
Applicants are requested to
submit the online application form which can be downloaded from the Kenya
Catalytic Jobs Fund website.
Good luck.
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