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Stanbic Kenya Foundation (SKF) has announced a partnership agreement with the United States African Development Foundation (USADF) to provide grants to Micro, Small, and Medium Enterprises (MSMEs), cooperatives, and producer groups in Kenya.
In a statement, USADF and SKF say they will provide a combined total of US$10 million in funding towards this initiative targeting 100 percent Kenyan-owned MSMEs in Kenya.
The Fund is also expected to provide MSMEs, cooperatives and producer groups with an opportunity to gain access to affordable finance, markets and expose them to the use of digital technologies.
Applicants must be Kenyan-owned, -led, and -registered MSMEs, cooperatives and producer groups operating in Kenya in the manufacturing, agriculture and agribusiness, health, trade, or services sectors.
Head of the Stanbic Kenya Foundation, Pauline Mbayah noted that, “The Foundation’s Financial inclusion; Job creation and Enterprise development pillars aim to catalzye the Micro, Small, and Medium entrepreneurs, cooperatives and producer …
