He signed an agreement to finance 3,000 projects and provide 13,000 job opportunities
Khalifa Fund provides $30 million to support small and medium enterprises in Kenya
In 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 Kenya Ministry of Treasury and Planning 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 Kenyan President Uhuru Mogai Kenyatta, Alia Abdullah Al Mazrouei, CEO of the Khalifa Fund for Enterprise Development, and Okur Yatani, Kenya's Minister of National Treasury and Planning.
The agreement aims to finance more than 3,000 projects that are expected to contribute to providing 13,000 permanent jobs for Kenyan youth.
economical development
Al Mazrouei said that the agreement under which the Khalifa Fund provides $30 million in financing (about 110 million dirhams), embodies the close friendship relations between the UAE and Kenya, pointing out that the funding aims to support the Kenyan government's efforts in economic development.
Al Mazrouei confirmed that the agreement aims to finance more than 3,000 projects, 40% of which are allocated to women, while these projects are expected to contribute to providing about 13,000 permanent job opportunities for Kenyan youth.
Emirati experience
Al Mazrouei indicated that the Khalifa Fund has succeeded in transferring its experience to many countries, within the framework of the UAE's commitment to providing various forms of support to brotherly and friendly countries under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, who always emphasizes the importance of providing various Forms of support to siblings and friends.
She affirmed the UAE's commitment to supporting the official development efforts of the least developed countries, and enabling them to enhance their economic performance.
1600 projects within the country
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 financed 1,600 projects within the country, while transferring its successful experience to 23 countries in Europe, Asia and Africa, through Funding programs aimed at strengthening government efforts in those countries.
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