Micro, Small, and Medium Enterprises (MSMEs) in West Pokot and Turkana counties are poised to benefit from a significant funding opportunity. The Impact for Northern Kenya Fund, with a total value of $30 million, aims to provide crucial financial support to local businesses in collaboration with USAID Kuza.
Already, over 1,500 MSMEs in the region have accessed loans totaling more than Kshs 290 million through this initiative. This funding injection represents a significant step towards bolstering economic resilience and promoting sustainability.
At the recent Turkana and West Pokot County Investment Conference in Lodwar, Turkana County, stakeholders convened to discuss strategies for maximizing the impact of this funding. Key sectors identified for investment include climate-smart agriculture, renewable energy, livestock value-addition, and tourism.
During the conference, Deputy Governors Robert Komolle of West Pokot and Dr. John Erus of Turkana outlined their counties’ strategic visions for economic development. Discussions also centered on practical solutions for overcoming market access barriers, fostering peace-building initiatives, and leveraging technology to empower youth entrepreneurship.
With the $30 million funding boost, West Pokot and Turkana are poised for transformative economic growth. As MSMEs seize this opportunity, the region stands ready to redefine its economic landscape and emerge as an attractive investment destination in Northern Kenya.
photo source: Google
By: Montel Kamau
Serrari Financial Analyst
22nd March, 2024
