Components

Component 1: Strengthening Business and Investment Enabling Reforms: Addresses prioritised Business Regulatory (BR) and Investment Policy and Promotion (IPP) reforms to support private sector growth. The focus of this component will be on addressing regulatory constraints faced by exporters and priorities for attracting export-oriented FDI. This component is implemented by the Ministry of Industrialization, Trade and Industry through the Kenya Investment Authority (KenInvest)

Component 2: Enhancing MSME Cluster Competitiveness. 

This Component focuses on Business Development Services (BDS) and Investment Support for Micro, Small, and Medium Enterprises (MSMEs). The goal is to enhance productivity, efficiency, and job creation within MSME clusters across the 47 Counties. The component is implemented by the Micro and Small Enterprises Authority (MSEA),

The program prioritises specific value chains under the Bottom-Up Economic Transformation Agenda (BETA). These value chains were selected for their strong potential to generate employment and meet market demand. They include: Edible Oils, Building Materials (Construction), Textiles, Tea, Coffee, Dairy, Leather, Blue Economy and Minerals

Component 3: Scaling Up Green Financing and Strengthening Climatic Resilience for SMEs.

The component will mobilise green private capital to support Small and Medium Enterprises’ (SMEs) adoption of green technologies through setting up an agile, patient financing structure to crowd in private capital, and pilot an innovative GIF instrument to support SMEs in managing compound climatic shocks.

Component 4: Project Management, Monitoring and Evaluation.

This component will strengthen the Monitoring and Evaluation (M&E) systems and capacity of national implementing agencies, and finance project management activities to build sustainable systems that endure beyond the project's lifetime.