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ALL IN on Investment: What’s Really Working in Refugee Markets?
Day 2: Nairobi
While the call to go #ALLIn on refugee markets is loud and clear, it’s equally important to ask: What’s already working?
One key lesson emerging from the field is that tailored interventions matter. Even within the same country, the needs, challenges, and capabilities of displaced populations vary widely — and so must the solutions.


A standout example is the Amahoro Fellowship, which has demonstrated how strategic investment can drive real impact. In just six months, the first cohort deployed over $222,000 in grants to refugee-led businesses, creating more than 250 jobs — 77 of which were within forcibly displaced populations (FDPs) themselves.
Building on this success, the second round of the fellowship is investing more than $700,000 in youth-led FDP enterprises, with expectations of exceeding the impact of the initial phase. These are not one-off grants — they are designed to create ripple effects that extend well beyond the first beneficiaries.
By reinvesting in community-linked ventures, the model promotes both sustainability and accountability. But for investment to truly succeed in refugee markets, it must be designed with the realities of displacement in mind — including health challenges, economic instability, and mental health stressors. If we want durable solutions, our financing must be just as resilient as the people it serves.
