KENYA JOBS AND ECONOMIC TRANSFORMATION

5TH May, 2025 / NAIROBI

The Government has embarked on the implementation of a 10 year Kenya Jobs and Economic Transformation (KJET) Project funded by the World Bank at a cost of close to Ksh.19.5 billion (USD 150 Million). Implementation of the KJET Project is being coordinated by both the Ministry of Investment, Trade and Industry in collaboration with the Ministry of Cooperatives, Micro, Small and Medium Enterprise Development
The project has three components consisting of Strengthening Business and Investment Enabling Reforms; Enhancing Micro, Small and Medium Enterprises Development (MSMEs) and Scaling up Green Financing and Strengthening Climate Resilience for SMEs.

Principal Secretary for State Department for Investment Promotion (SDIP) Mr. Abubakar Hassan Abubakar was today officially receiving members of the Project Implementation Unit officers working with the SDIP. Officers received included Project Director, Environmental Health and Safety Specialist, Communication Specialist, Monitoring and Evaluation Specialists, legal Specialist and the Accounts Specialist among others.
Project Implementation Units is assigned to each of the State Department responsible for implementing the different components and the unifying Project Steering Committee is chaired by the Principal Secretary, State Department for MSMEs and co-chaired by the Principal Secretary for Investment Promotion.

Within the first component, KJET will endeavor to engage in Sector Scan Analysis and segmentation to support operations at Kenya Investment Authority (KENInvest), Review horizontal and sectoral investments, establish a one-start-one-stop Digital Platform and implement Capacity Development Programms targeting SDIP.

In enhancing MSMEs cluster competitiveness, the project will provide technical assistance on Competitive Cluster Development Initiatives to identify actionable policy reforms, map out priority value chains, develop and apply analytical frameworks and develop tools to identify climate and geo-physical related risks and relevant climate adaptation plans. 
Under the component on Scaling of Green Financing and Strengthening Climate Resilience for SMEs, the project will scale up Green SMEs Financing and Strengthen MSMEs Climate Resilience including establishment of Climate Disaster Credit Facility.