The World Bank Implementation Status & Results Report Kenya Industry and Entrepreneurship (P161317) Kenya Industry and Entrepreneurship (P161317) EASTERN AND SOUTHERN AFRICA | Kenya | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2018 | Seq No: 11 | ARCHIVED on 29-Jun-2024 | ISR60805 | Implementing Agencies: Ministry of Investment, Trade and industry, Ministry of Investment, Trade and industry, National Treasury Key Dates Key Project Dates Bank Approval Date: 15-Jun-2018 Effectiveness Date: 28-Nov-2018 Planned Mid Term Review Date: 16-Oct-2023 Actual Mid-Term Review Date: 16-Oct-2023 Original Closing Date: 31-Dec-2024 Revised Closing Date: 30-Jun-2025 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) Increase innovation and productivity in select private sector firms Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Strengthening the innovation and entrepreneurship ecosystem:(Cost $15.50 M) SME linkages and upgrading:(Cost $10.00 M) Outreach, M&E, and Project Implementation Support:(Cost $3.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The project has been restructured and implementation is on course towards achieving targeted results. Risks 6/29/2024 Page 1 of 5 The World Bank Implementation Status & Results Report Kenya Industry and Entrepreneurship (P161317) Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Substantial Substantial Macroeconomic Low Substantial Substantial Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Substantial Substantial Substantial Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Low Low Low Stakeholders Moderate Moderate Moderate Other -- -- Moderate Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes Increase innovation and productivity in select private sector firms IN01434939 ►Number of select firms with a developed innovation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 60.00 Date 20-Nov-2017 15-May-2023 28-Jun-2024 30-Jun-2025 IN01434943 ►Number of select firms experiencing an increase in productivity (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 20-Nov-2017 15-May-2023 28-Jun-2024 30-Jun-2025 IN01434945 ►Firms benefiting from private sector initiatives (Number, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,457.00 Date 20-Nov-2017 15-May-2023 28-Jun-2024 30-Jun-2025 IN01434947 6/29/2024 Page 2 of 5 The World Bank Implementation Status & Results Report Kenya Industry and Entrepreneurship (P161317) Of which are women-owned (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 139.00 Date 20-Nov-2017 15-May-2023 28-Jun-2024 30-Jun-2025 Overall Comments PDO Activity progress toward PDO realization is now visible but, understandably, has yet to translate to outcome and intermediate indicator results (except on training). Beneficiaries have, during this period, begun implementing prescribed performance improvement plans (PIPs) to realize productivity and innovation gains. Early feedback from vendors overseeing the beneficiary implementation of PIPs indicates that the beneficiaries are on course to realize the targeted results. With PIP implementation set to be completed by November 2024, a firmer indication of the results realized will be provided during the next ISR. The current PDO targets in the system have yet to reflect the restructuring package, pending the processing of the counter-signed package. Intermediate Results Indicators by Components Component 1: Strengthening the innovation and entrepreneurship ecosystem IN01434940 ►Beneficiary satisfaction with incubator and accelerator services (citizen engagement indicator) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 70.00 Date 20-Nov-2017 15-May-2023 28-Jun-2024 30-Jun-2025 IN01434944 ►Percentage of technology bootcamp graduates that are women (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 35.00 Date 20-Nov-2017 15-May-2023 28-Jun-2024 30-Jun-2025 Component 2: SME linkages and upgrading IN01434942 ►Number of beneficiary SMEs with above average revenue growth (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 11.00 Date 20-Nov-2017 15-May-2023 28-Jun-2024 30-Jun-2025 6/29/2024 Page 3 of 5 The World Bank Implementation Status & Results Report Kenya Industry and Entrepreneurship (P161317) Component 1, Component 2, and Component 3 IN01434941 ►Number of individuals trained (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2,891.00 Date 20-Nov-2017 15-May-2023 28-Jun-2024 30-Jun-2025 IN01434946 Of which female (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 517.00 Date 20-Nov-2017 15-May-2023 28-Jun-2024 30-Jun-2025 Overall Comments IR Similarly, progress in realizing the intermediate results indicators is also on course as beneficiaries are now at the stage of implementing respective performance improvement plans (PIPs). Targets are also on course to be revised to reflect the restructuring package once the counter-signed documentation is processed. Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P161317 IDA-62680 Effective USD 50.00 28.66 21.34 8.26 15.46 35% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P161317 IDA-62680 Effective 15-Jun-2018 03-Aug-2018 28-Nov-2018 31-Dec-2024 30-Jun-2025 Cumulative Disbursements 6/29/2024 Page 4 of 5 The World Bank Implementation Status & Results Report Kenya Industry and Entrepreneurship (P161317) Restructuring History Level 2 Approved on 27-May-2024 Related Project(s) There are no related projects. 6/29/2024 Page 5 of 5