The World Bank has approved a Ksh16.4 billion (US$127.5 million) support program, set to directly benefit millions of vulnerable Kenyans. Dubbed the Second Kenya Social and Economic Inclusion Project (KSEIP2), the initiative builds on previous successes, channelling funds into various programs designed to help struggling households secure a stable financial foundation. According to a press release from the World Bank, the funds will enhance access to essential basic services, foster income-generating activities, and crucially, cushion vulnerable communities from the escalating impact of rising food prices and adverse climate change effects. KSEIP2 is strategically poised to reach an estimated 12 million Kenyans, particularly those already enrolled in the government's National Security Safety Net Program through cash transfers to orphans, the elderly, and persons with disabilities.
An image of World Bank offices.
Photo Print Speaking on the new funding, Qimiao Fan, World Bank Director for Kenya said the funding was mainly aimed to ensure select families who need it are able to fend for themselves for the long term. "This is about helping the most vulnerable Kenyans access better opportunities and prepare for the future," said Fan. "It's not just about handing out money, but ensuring families can support themselves in the long run through employment and better access to healthcare and education." Among the key features of the project is the 'cash-plus' approach, which will go beyond regular stipends to include job creation efforts, climate-resilient business ideas, training, and even connecting beneficiaries to government pension and insurance schemes.
World Bank, through the initiative, will also heavily focus on adolescents and children to help prepare the next generation to be productive and have healthy adulthoods.
