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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Khalifa Fund for Enterprise Development Offers $30 Million to Support Kenya SMEs

Kenya Uhuru Kenyatta Emirates News Agency WAM UAE Entrepreneurship
Under the agreement, more than 3,000 projects with 40 percent allocated for women will be financed. WAM

The Khalifa Fund for Enterprise Development (KFED) and Kenya’s National Treasury & Planning Ministry have signed a AED 110 million ($30 million) financing agreement to empower the Kenyan Youth Enterprise Development Fund, Emirates News Agency (WAM) reported.

Signed in the attendance of President Uhuru Kenyatta of Kenya by Alia Al Mazrouei, CEO of KFED, and Ukur Kanacho Yatani, Cabinet Secretary, National Treasury & Planning Ministry, the agreement aims to promote entrepreneurship and develop Small and Medium Enterprises (SMEs) in Kenya.

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