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Status

Implementation

Aid type

Project-type interventions

Kenya


Location

-

€ 542,600
Committed
€ 515,430
Used

Description

The project will establish a business incubator in Nairobi to support the start up or the scaling up of local SMEs (20 for each year of implementation).SMEs will be selected according to their potential<br><br>social and environmental impact and to their relevance to "Kenya Vision 2030" and Italian development cooperation priorities.<br><br>Women and youth entrepreneurship will be encouraged; each year, two enterprises from the Kibera slum will be selected. Furthermore, a philanthropic investment fund will finance the enterprises after the incubation period. The project will be considered a pilot initiative in the field of partnership between academia, the private sector and public institutions (triple helix) to promote entrepreneurship and job creation in Kenya with a possible broader scope to Eastern Africa and Sub- Saharan Africa. Therefore, a preliminary feasibility study and a constant M&E activity will be conducted by an independent research centre.<br><br> read more close

Year Committed Used
2021 € 0 € 230,673
2020 € 0 € 167,218
2019 € 0 € 117,539
2017 € 542,600 € 0

Agency

Type Name Channel code
Government AICS - Italian Agency for Cooperation and Development 11004

Channel reported

Type Name Channel code
Other Public Sector UNIVERSITÀ CATTOLICA DEL SACRO CUORE MILANO 11004

Project data

  • IATI IDXM-DAC-6-4-011347-01-1
  • CRS Activity identifier2019000078
  • Expected start date 2017/12/02
  • Completion date 2020/03/31
  • Finance type Standard grant
  • Flow type ODA
  • Bi/Multilateral Bilateral
  • Status Implementation
  • Tied status Untied

Sectors

  • 25010 - Business policy and administration 50%
  • 32130 - Small and medium-sized enterprises (SME) development 50%

Policy markers

  • Gender Equality significant objective
  • Aid to Environment significant objective
  • Participatory Development/Good Governance not targeted
  • Trade Development principal objective
  • Aid Targeting the Objectives of the Convention on Biological Diversity not targeted
  • Aid Targeting the Objectives of the Framework Convention on Climate Change - Mitigation not targeted
  • Aid Targeting the Objectives of the Framework Convention on Climate Change - Adaptation not targeted
  • Aid Targeting the Objectives of the Convention to Combat Desertification not targeted

Goals

  • 1.4 - By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology and financial services, including microfinance
  • 8.3 - Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services
  • 9.3 - Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets
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