Kenya | Equitable Prosperity Through Private Sector Development (EPTPSD) / Maendeleo Sawa (M-Sawa)
While Kenya is generally one of the more developed countries on the African content, high levels of inequality and poverty persist, especially in rural areas. Unemployment rates in Kenya are very high at 40%, with unemployment among youth particularly high at 70%. While many job opportunities exist in Nairobi, limited opportunities exist outside of the capital.The government of Kenya has set ambitious economic growth goals; however, to achieve these goals it will be essential to support the growth of local businesses. The agriculture sector currently employs 60% of the population and there are also many opportunities for local businesses to become involved in the growing construction and extractives sectors.
MEDA’s EPTPSD/M-SAWA project is focused on supporting economic growth in Kenya through working with small entrepreneurs and small and medium enterprises (SMEs) in the agriculture, construction, and extractives sectors. MEDA and its partners will employ a lead firm approach, targeting SMEs which have the potential to impact a large number of smallholder farmers, small entrepreneurs and other SMEs in their supply chains. The project will also encourage businesses to use more environmentally-friendly technologies and practices and to pay particular attention to supporting women-led businesses and improved gender practices.
Geographically, the project will focus on locations with high levels of poverty and food insecurity along the country's two main transportation corridors - the LAPSSET Corridor (running from Lamu to South Sudan) and Northern Corridor (running from Mombasa to Uganda).
Project Quick Facts
Goal: Increased enterprise profitability and community-economic growth led by 20,000 entrepreneurs and strengthened profitability and competitiveness of 250 SME’s/Lead Firms assisted.
Reaching: 20,000 female and male entrepreneurs; 250 Small and Medium Enterprises/Lead Firms
Funding: Global Affairs Canada (GAC)
Project length: July, 2015 to June, 2022