NAIROBI, KENYA, MAR 9 — Invest In Africa (IIA) has entered into an agreement with Educate Global, a Kenyan- based private equity asset manager focused on education, to support the growth of SMEs in Kenya.
Educate Global is a newly-formed fund management company aiming to invest in small and medium businesses, in sectors with direct impact on education.
IIA is working to enhance SME access to skills, markets and finance in partnership with leading organizations in Kenya to drive job creation and enterprise development in the economy.
IIA’s collaboration with Educate Global represents a significant opportunity to share networks and expertise to support SMEs across Kenya with vital skills, markets and access to finance.
Together with its partners, IIA has built a unique, world-class online technology platform – The African Partner Pool (APP) that currently has a cross-sector database of over of over 1,300 vetted SMEs from Kenya.
The platform directly links SMEs to procurement opportunities from larger organizations sourcing for goods and services locally and also offers capacity building to enable address their skills and knowledge gaps.
IIA Partners with Tullow Oil, Equity Bank, EY, Clyde & Co, Ecobank, Safaricom, Shell, Nation Media Group, AMSCO, Strathmore Business School, Keninvest, KEPSA among others.
Speaking at the launch of the Partnership, Wangechi Muriuki, COO Invest in Africa welcomed EGF to join its pool of leading Partners in advancing the agenda of SME growth and job creation in the economy.
She said IIA is seeking to create 1 million jobs and connect SMEs to tenders worth USD 1billion.
“IIA is delighted to have EGF join our pool of partners. We are committed to building sustainable solutions to job creation and sustainable development in the country, and this partnership will go a long way in supporting our agenda,” Wangechi said.
Sandrine Henton, Fund Manager at Educate Global said:‘’We are proud to partner with IIA and look forward to working together to support the growth of SMEs in Kenya.’’