IFC helps small companies secure oil contracts

International Finance Corporation (IFC) is implementing a six-year project to help small firms in Kenya win contracts in the oil, gas and other sectors.

The funding for the project dubbed Kenya Local Economic Development Project (LED-Kenya) started in September last year but IFC made the disclosure this month without indicating the amount it will spend in the initiative.

IFC says the project will run up to June 2023 with a focus on strengthening local firms’ capacity and the business environment in communities impacted by oil, gas, mining and infrastructure investments in Kenya.

Read more: Business Daily

 


 

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