UAE fund unveils Sh3.5bn investment deal in Kenya

President Uhuru Kenyatta with Sheikh Nahyan bin Mubarak Al Nahyan, a Dubai minister. PHOTO | PSCU

The Khalifa Fund for Enterprise Development (KFED), which is backed by the government of the Emirate of Abu Dhabi has announced its first investment in Kenya to the tune of $30 million (Sh3.57 billion).

The UAE Fund in February established a local innovation and entrepreneurship centre with an eye on Kenya deals.

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