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Kenyan venture capital firm Uncap unveils Sh4.3bn SME fund
Uncap is expected to select beneficiaries of a Sh4.3 billion (€30 million) fund by assessing their growth potential, business models, and their ability to generate revenues.
Kenya-based venture capital firm Unconventional Capital (Uncap) has rolled out a new Sh4.3 billion (€30 million) fund to support early-stage small and medium enterprises (SMEs) on the continent.
The fund is expected to invest up to Sh14.4 million (€100,000) in each qualifying recipient business, drawn from the sectors of agribusiness, trade and logistics, climate resilience, and financial inclusion.