About Kakuma Kalobeyei Challenge Fund
The Kakuma Kalobeyei Challenge Fund (KKCF) is the International Finance Corporation (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 in Kenya’s Turkana County.
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.
KKCF is part of a group of project’s that fall under IFC’s Fragile and Conflict Situations (FCS) Africa program, which was established in 2014 to support and help grow IFC’s investment and advisory engagements in African fragile and conflict situations.
The program is a five-year initiative that is being implemented in partnership with the AECF (Africa Enterprise Challenge Fund (AECF), UNHCR and Turkana County Government.