📋 Tender Overview
Project ID: P171607
Region: Africa east
Commitment Amount: Us$ 200.00 million
Total Project Cost: Us$ 205.00 million
The Investment for Industrial Transformation and Employment (INVITE) project aims to create sustainable employment and viable market opportunities by encouraging investment along Uganda’s growth corridors. This will be done by easing liquidity constraints to Micro-, Small-, and Medium-Enterprises (MSMEs) in the manufacturing and exporting sectors, supporting the provision of new loans to this sector, and supporting private sector investment in viable and sustainable supply chains, including Refugee-hosting Districts (RHDs), through local currency financing.
The project will measure the mitigation of the COVID-19 impact by tracking a) the number of all firms benefiting from private sector initiatives; b) the percentage of jobs saved that would otherwise have been permanently lostdue to COVID-1911. The project will measure new ecnomic opportunities created by the project by tracking a) the value of private investment in manufacturing sectors; and b) the number of new loans issued to firms in manufacturing sectors; and c) the number of formally employed in manufacturing sectors. The project will measure the impact in refugee and hosting communities by tracking a) the number of firms in refugee and host community districts benefiting from private sector initiatives; b) the number of refugees accessing income-earning opportunities (i.e. wage employment, self-employment, micro enterprise) resulting from project interventions. Component 1:Mitigating the impact of COVID-19.The objective of this component is to ease liquidity constraints on MSMEs, including women led and refugee MSMEs. For the reasons discussed above, the component will seek to prioritize the manufacturing and exporting sectors driving economic transformation, with the vision of connecting lower income regions, i.e. RHDs with more viable and sustainable markets.The component will operate three different windows targeting different types of firms within the supply chain. All PFIswill be required to provide gender disaggregated data on their portfolios in order to address the lack of data on women-led firms as well as data on refugee or host community status to ensure intersectional issues of exclusion are sufficiently addressed. Window 1will support the extension of the loan period for well performing firms by financing the cost of providing a grace period. Window 2(supporting micro firms) will target micro firms, including in RHDs, to enable them to restart or continue their operations as critical units in funding the link say between producers with aggregators, processors, and distributors. Window 3(receivables financing, including government arrears) will provide finance to MSMEs based on security in the form of their receivables.Component2: Creating and Operating New Productive and Transforma
