World Bank approves project to create 45,000 new jobs in Kenya

The World Bank has announced the approval of a project expected to create about 45,000 new jobs in Kenya. The bank's initiative, known as the Kenya Jobs and Economic Transformation Project (KJET), aims to boost private sector investments, facilitate access to markets, and promote sustainable finance for job creation and enhancement.

Keith Hansen, World Bank country director for Kenya, Rwanda, Somalia and Uganda, said that the project, backed by a 150 million U.S. dollars financing, supports the World Bank's mission of ending extreme poverty on a sustainable planet.

KJET will offer business development services geared towards strengthening viable value chains and linking micro, small, and medium enterprises to markets. Additionally, it will invest in firms to enhance productive capacity and capabilities.