The Commercial infrastructure mandate of The Fund is responsible for providing appropriate infrastructural support for youth entrepreneurs. Such infrastructural support targets both physical units for doing business, as well and IT based support such as marketing infrastructure and online business support. The Fund has partnered with several county governments and other strategic partners to provide the Kenyan youth with infrastructural support that has gone a long way in supporting youth enterprises. Such commercial infrastructure efforts includes but are not limited to shops, shoe shine sheds, market stalls and business parks as well as car washes.
What We do
Through commercial infrastructure, The Fund is responsible for providing guidance in relation to investment in market space infrastructure in partnership with private and public stakeholders. The Fund focuses on investment in cost friendly, strategically located open spaces, buildings under construction or any other sites appropriate for trade which are in line with the Fund`s mandate.
It is imperative that timely intervention mechanisms are put in place so that the youth are actively engaged in positive activities especially of an income generating nature.
The Commercial Infrastructure intervention was incepted to provide an avenue where the youth can sale their ware/trading skills by way of provision of physical infrastructural set up such as market stalls, market bazaars, business parks, business bus parks, industrial parks, business incubators, among other such interventions.
Through its mission to increase economic opportunities for and participation by the Kenyan youth in nation building through enterprise development, the commercial infrastructure unit runs several strategic partnerships with public and private entities.
Another intervention mechanism being employed by The Fund is the business incubation model. This entails entails the physical set up of the incubator with either YEDF providing the lead or in support/partnership with an established industry player such as the Kenya Kountry Business Incubator (KEKOBI), Kenya Industrial Development Institute (KIRDI), Universities and other institutions of higher learning .
Key partners and stakeholders
These partnerships cut across the Public and Private Sectors. Based on the 70/30 percent rule, public sector will constitute the major partners since they are the custodians of public utilities. These will include county governments and other government entities such as ministries, quasi-government bodies, state corporations and semi-autonomous government bodies. The private sector will be ably represented by sector players such as Kenya Private Sector Alliance (KEPSA), Nairobi Central Business District Association (NCBDA), Kenya Association of Manufacturers (KAM), among others.
Commercial infrastructure being a capital intensive and long term in its implementation requires above the board rigorous scrutiny in line with the Public Procurement and Disposal Act 2005.
Commercial infrastructure Approaches
In order to achieve commercial infrastructure objectives the Fund approaches investment with bias to three areas vis :
- Physical Commercial Infrastructure partnerships with the public and private institutions
- Business Incubation partnership
- Commercial space
- Serviced offices