Browsing: Khalifa Fund for Enterprise Development

  • President Uhuru Kenyatta has welcomed an announcement by the United Arab Emirates to establish an entrepreneurship and innovation centre in Kenya 
  • The announcement follows a conversation between President Kenyatta and His Highness Sheikh Mohamed bin Zayed Al Nahyan
  • Kenyatta, on a working visit to the United Arab Emirates, praised Kenya as the top investment destination in Africa

President Uhuru Kenyatta has welcomed an announcement by the United Arab Emirates to establish an entrepreneurship and innovation centre in Kenya.

The announcement follows a conversation between President Kenyatta and His Highness Sheikh Mohamed bin Zayed Al Nahyan, the Crown Prince and Deputy Supreme Commander of the UAE Armed Forces.

Kenyatta had gone to a working visit in the United Arab Emirates, where he praised Kenya as the top investment destination in Africa. The Emirates News Agency reported that H.E Sheikh Mohamed bin Zayed had directed the Khalifa Fund for Enterprise Development to

The Ministry of Economy and Finance of the Republic of Mozambique and the Khalifa Fund for Enterprise Development, KFED and signed a $25 million Memorandum of Understanding (MoU), to support entrepreneurship and innovation projects for women and the youth.

The chairman Khalifa Fund for Enterprise Development, Hussain Jasim Al Nowais, and Adriano Afonso Maleiane, Mozambique’s Minister of Economy and Finance signed the MoU in the presence of UAE Ambassador to Mozambique, Khaled Ibrahim Shuhail and other of officials from both sides.

During the five-year as per the Mou, Hussain Al Nowais said the agreement will provide funding for 4,800 projects which will generate 11,000 job opportunities.

‘Some 40 per cent of the targeted projects will be to empower women, while the remaining will be allocated for other members of the remote and poor communities,’ he explained.

Hussain emphasized the importance of creating opportunities for the women and youths to realise …