USAID has approved three catalytic projects totaling US $2,480,000 to stimulate the growth of Kenya’s small and medium enterprises. Through the projects an investment totaling US $1,900,000 is being deployed to finance the capacity-building of emerging firms and the development of a sustainable knowledge and learning platform. The platform will provide capital to SMEs by financing their receivables.
Another grant of US $1,000,000 is for leveraging investments for fertilizer utilization amongst smallholder farmers in Kenya. It is intended to create over 10,000 jobs for women and youths.