World Bank Supports Kenyan Grant Scheme for Women in STEM and Green Businesses
What happened
The World Bank announced support for a new government grant scheme in Kenya, which is implemented by the Ministry of Gender, Labour and Social Development. The grants are designed to provide non-repayable financing ranging from Shs3.5 million to Shs107 million to women-led micro and small enterprises. Priority under the scheme is given to enterprises operating in science, technology, engineering and mathematics (STEM), green businesses, and climate-resilient ventures.
From allafrica.com
Why it matters
The initiative aims to widen access to business financing for women entrepreneurs who previously faced challenges accessing loans under the Generating Growth Opportunities and Productivity for Women Enterprises (GROW) project. The scheme plans to support at least 2,626 women-owned enterprises across the country.
From allafrica.com
Who's involved
- World BankProvided financial support for the grant scheme
- KenyaCountry where the grant scheme is being implemented
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- KenyaSpeculative
Women-led micro and small enterprises in Kenya might see increased access to non-repayable funding to scale up their operations.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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World Bank
international financial institution
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STEM
Czech company
Related events
- An EU grant is being channeled through the World Bank.
- The World Bank is supporting the DARES programme in partnership with the federal government.
- The government repurposed funds from a World Bank program, and the Minister of Education clarified the new policy.
- FAO is urging the World Bank to join a financing effort and calling for contributions from private foundations and governments.
- The World Bank has funded an education infrastructure project.