West Pokot and Turkana Enterprises receives over KSH 290M in Loans from USAID Kuza’s Impact for Northern Kenya Fund

-

 

PHOTO: Wyanie Bright, Chief of Party for USAID Kuza making opening remarks at the Turkana and West Pokot County Investment Conference held in Lodwar on 21st March, 2024

NAIROBI,Kenya Mar 23…The Turkana and West Pokot County Investment Conference under the theme Unveiling Opportunities: Redefining Northern Kenya as an Investable Destination brought together approximately 300 investors, local entrepreneurs, government officials, and development partners to discuss ways to unlock the vast investment potential of Turkana and West Pokot which include Climate-smart agriculture, renewable energy, livestock value-addition, and tourism in the two counties.

Over 1,500 micro small and Medium enterprises (MSMEs) in West Pokot and Turkana counties have received over KSH 290 million in loans from the impact for Northern Kenya Fund, an impact Investing vehicle financed by USAID Kuza.

The impact for Nothern Kenya fund is $30 million impact investment wholesale financing vehicle that lends catalytic capital for financial institutions and Small medium sized enterprises (SMES) ,the fund finances clients that are drivers of economic and social growth

Furthermore the fund which has been working with enterprises in West Pokot and Turkana since 2022 ,has reached over 1,265 MSMEs in West Pokot disbursing loans of over $1.67 million (KES 233 M), with 280 MSMEs in Turkana county have benefited from over $419,000 (KES 58.7 M) in loans.

"We are committed to working alongside local communities to strengthen entrepreneurship,local industries and market systems ,through our fund we have financed over 1,500 enterprises in West Pilot and Turkana counties ,who have in turn created over 2000 jobs" said Wyania Bright ,USAID Kuza's Chief of Party 

Speaking during the Investment Conference, H.E. Dr.John Erus, Deputy Governor of Turkana County said that H.E. Governor Lomorukai agenda is to address intergenerational poverty through sustainable investment in socio-economic development in Agriculture, pastoral value chains, trade investment, and revitalizing education. 

On his part Deputy Governor of West Pokot H.E. Robert Komolle invited investors to look into construction of tourist resorts ,lodges and retreat centers emphasizing need to embrace sustainable approaches to conservation and intergrate community-led efforts to capitalize on cultural heritage for inclusive growth.


Comments

Post a Comment

Popular posts from this blog

Chinese Language Teachers Association of Kenya encourages cultural exchange between Kenya and China

-
Image
Ms.Faith Mworia, Chairperson, Chinese Language Teachers Association of Kenya NAIROBI, Kenya  Dec 3...  The highly anticipated event brought together Chinese language teachers , delegates from Chinese embassy in Kenya and members of the public in celebrating Chinese language and culture. The association has over 200 teachers across different levels including primary,high school and tertiary schools teachers and lectures have managed to visit different schools teaching Chinese language and donated Audio-visual materials in enhancing the teachers teaching capacity  Furthermore, the event acted as a bridge building between the two cultures which symbolizes beautiful harmony that arises when diverse communities come together , It embodies the essence of cultural exchange,  fostering,  understanding and promoting unity between Kenyans and Chinese "As we celebrate 60 years of friendship between Kenya and China this year, we the alumni stand to be counted first as ambassadors
Read more

Chinese leader Xi Jinping respond to a letter from Kenyan students and alumni of Beijing Jiaotong University

-
Image
PHOTO: Xi Jinping, President The people's Republic of China. NAIROBI, Kenya Jan 26... The letter by representatives and alumni of Kenyan students at Beijing Jiaotong University to President Xi Jinping appreciating education they received in China Chinese Leader Xi Jinping lauded friendship of the two countries saying that Mombasa-Nairobi standard gauge railway (SGR) is a flagship project and succesful example of belt and road cooperation between Kenya and China Xi commending that it has made travel easier and created jobs for Kenyan people and strengthen regional connectivity as well as serving as a symbol of China-Kenya friendship and a hub for people to people exchanges "I am glad to see that this railway to happiness  has also created a bond between you and China making you not just witnesses and beneficiaries but also contributers and promoters of China-Kenya and China Africa friendship" said President Xi jinping The Chairman Kenya China alumni association
Read more

5th Edition of Chinese Spelling Bee competition attracts more participants

-
Image
PHOTO: Ms Faith Mworia,  Chairperson Chinese Language Teachers Association of Kenya (CLTAK) speaking during a past event  NAIROBI, Kenya Mar 16... The event themed "Bigger and Better" was organized by the Spelling Bee Secretariats Ms. Wanjiku Mbugua of USIU and Ms. Faith Mworia of Discovery Chinese Cultural Training Center and supported by the Chinese Language Teachers Association of Kenya ,The Kenya China Alumni Network and various Confucius Institutes. USIU- Africa University hosted the event which attracted Schools such as Woodcreek school, Statehouse girls, Juter academy, Discovery Chinese Cultural Training Center, Kitengela International school, Royal Brains school Ruaka and Bypass, The Confucius classroom USIU-Africa, Confucius Institute University of Nairobi and Confucius Institute Kenyatta University. Kenya China Alumni Association chair, Henry Rotich in his speech said that Kenyans who can communicate effectively in Chinese language serve as bridges betwe
Read more