UK laudably supports Kenyan firms’ in Job Creation
The UK Government has issued a call for proposals for a Business Innovation Challenge that will see five successful enterprises receive grant funding and technical assistance – worth up to Sh13 million (£100,000) each.
The challenge, which falls under Britain’s new four-year Kenya Catalytic Jobs Fund, seeks proposals from firms that are developing innovative solutions to create jobs, especially for Kenya’s youth and marginalised groups.
“The call for proposals targets initiatives that are innovative, scalable, sustainable and which can demonstrate substantial impact,” said the UK government in a recent memorandum. The challenge is focussed on agriculture and manufacturing, the informal sector, and people within marginalised groups. Shortlisted applicants will present their innovations at a pitch event in front of a panel of expert judges.
The Kenya Catalytic Jobs Fund is a Sh650 million (£5million) four-year programme which “tests and supports innovations with the potential to stimulate large-scale job creation.”
It was announced by Prime Minister Theresa May during her Kenya visit in August 2018 – as part of a package aimed at supporting Kenya’s youth. Applications close on Monday, April 8, 2019.
Source: ASV & Business Daily Africa.