Kenya entered into a Partnership with Educate Global Fund (EGF), a UK – based investment advisor and asset management firm that works with companies and investment partners around approaches to education investment that creates sustainable, long-term growth for investors as well as local communities.
In the partnership, EGF seeks to provide operational and strategic support to Small and Medium Enterprises (SMEs) with a team based locally in Kenya. The actualization of the partnership will be spearheaded by the Invest In Africa (IIA), an SME empowerment and propeller across Africa.
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 stated that 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 address lack of jobs in the country, and this partnership will go a long way in supporting SMEs’’, Wangechi said.
EGF country Director, Sandrine Henton expressed her appreciation in Partnering with IIA. ‘’We are proud to partner with IIA and look forward to supporting SMEs in Kenya through training, capital and strategic backing for the validated SMEs on the APP platform’’, she said.
IIA is works to enhance SME access to skills, markets and finance in partnership with both leading organizations in Kenya in order to drive job creation and enterprise development in the economy.
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 1,300 vetted SMEs from Kenya. The platform directly connects SMEs with larger organizations sourcing for goods and services locally and also offers capacity building to enable address their skills and knowledge gaps.
In this endeavor, the organization has partnered with Tullow Oil, Equity Bank, EY, Clyde & Co, Ecobank, Safaricom, Shell, Nation Media Group, AMSCO, Strathmore Business School, Keninvest, KEPSA among others.