Khalifa Fund Provides $30 Million to Support SMEs in Kenya

In an implementation of the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, the Khalifa Fund for Enterprise Development and the Ministry of Treasury and Planning of the Republic of Kenya signed a financing agreement worth $30 million to support the Kenya Youth Fund with the aim of promoting entrepreneurship and developing small and medium enterprises in Kenya.

The agreement was signed in the capital, Nairobi, in the presence of Uhuru Kenyatta, President of the Republic of Kenya, Alia Abdulla Almazrouei, CEO of the Khalifa Fund for Enterprise Development, and Ukur Yatani, Kenyan Minister of National Treasury and Planning.

It is noteworthy that the Khalifa Fund for Enterprise Development, which was established in 2007 in Abu Dhabi, has become one of the most prominent institutions concerned with spreading the culture of entrepreneurship and supporting small and medium enterprises in the UAE, as it has financed more than 1,600 projects within the country while transferring its successful experience to about 23 countries in Europe, Asia, and Africa through pioneering financing programs aimed at strengthening government efforts in those countries to achieve sustainable development and build a diversified and stable economy.

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