The Kakuma Kalobeyei Challenge Fund
The Kakuma Kalobeyei Challenge Fund (KKCF) is IFC’s first refugee and host community focused program in sub-Saharan Africa.
It enables private investment with the goal of unlocking the economic potential of refugees and their hosts in the
Kakuma Kalobeyei refugee-hosting area in Kenya’s Turkana County.
KKCF is a program of the International Finance Corporation (IFC), implemented with
the Africa Enterprise Challenge Fund (AECF), Turkana County Government, and UNHCR.
Our Objectives
The Kakuma Kalobeyei Challenge Fund aims to enable better economic integration and self-reliance of displaced populations and their host community.
The initiative’s overarching objectives are to:
- Attract new private businesses and social enterprises to the Kakuma-Kalobeyei area, which should lead to better employment opportunities for refugees and the host community, increase access to goods and services, and potentially reduce prices;
- Provide opportunities to scale-up the operations of private companies and social enterprises already present in the area;
- Develop and grow refugee and host community-owned businesses and create opportunities for women and youth;
- Reduce the time and cost of obtaining specific business permits, licenses, and registrations in Turkana West by streamlining procedures.
