This component aims to facilitate the entry of larger firms into Kakuma by highlighting and quantifying the business opportunities available in the area. Although KKCF feasibility studies like “Kakuma as a Marketplace,” “Kakuma Energy Study,” and “Kakuma Water Study” have already shed light on the potential business prospects in Kakuma, the context of this region remains unique and unfamiliar to many larger firms.
Recognizing this, IFC is providing critical assistance and support to large firms through advisory services, including conducting scoping missions, conducting comprehensive market studies, and aiding in capacity building to help them navigate and thrive in this distinct environment.
One notable achievement of the project is the signing of an agreement with Goodlife Pharmacy, marking a significant step towards opening and operating the first modern pharmacy in Kakuma town. This development represents a positive stride in improving access to essential healthcare services in the area and enhancing the overall business landscape.
In February 2025, IFC and Equity Bank officially launched a $20 million Risk Sharing Facility (RSF), the first of its kind globally dedicated to advancing financial inclusion for refugees and their host communities. The facility targets 14 of Kenya’s most underserved counties, including Turkana and Garissa, and aims to expand access to finance for individuals and small businesses, particularly those owned and operated by refugees. IFC is assuming 50 percent of the risk exposure, with additional support from the PROSPECTS partnership, which is contributing $4 million to the initiative.