United arab emirates based business intelligence and investment firm Investera says it has entered into a pact with Youth enterprise development fund to finance and boost kenyan youths in their business ventures
Investera Plus Africa general manager Mohamed Shaban said the firm would help Kenyan youth-run companies to mobilise the youths into capital investments and spearheading devoted youths into better financial positions and capabilities to achieve their dreams.
The Dubai firm says it has already mobilized 110 billion Shillings seed capital for start-ups and financial boost for companies looking to expand, especially within the Middle East and North Africa region
”We are proud to be associated with the Youth Enterprise Development Fund since Investera Plus Africa shares the same vision with the fund. We aim to see the growth of businesses, especially startups by providing business development support services to companies that are keen on expanding their businesses or getting access to funding.” Shaban said.
The CBK warned last year more than 75 percent of Kenyan small businesses faced collapse under the threats of the Coronavirus pandemic that had brought the world to a standstill.
Between January to March 2019, the fund had disbursed Sh86.6 million, benefiting 10,150 youths across the country.