Kakuma is a US$ 5.8 million per year market, over 2,000 traders conduct their daily tractions without fail; refugees and host communities interact regularly within the camp/ settlement or Kakuma town as suppliers and customers; banks and micro finance institutions have opened trading branches in Kakuma town and grassroot camp and village-based savings and loaning schemes are flourishing.
The Big question is, what is the best approach to boost energy access in such a humanitarian and logistically challenging market?
De – risking opportunities to finance energy activities in this market include the Kakuma Kalobeyei Challenge Fund, KOSAP and now Kenya Climate Ventures (KCV) Limited, www.kcv.co.ke, a local impact investor providing patient financing to private enterprises to accelerate access to transformative climate smart solutions in marginalized and underserved markets in Kenya. KCV has invested in Sunken Limited to expand its last mile distribution of portable solar irrigation pumps, solar home systems and energy efficient cookstoves in Turkana County, including Kakuma and Kalobeyei areas.
Read more: Kenyan Climate Ventures