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Stanbic Kenya Foundation (SKF) has announced a partnership agreement with the United States African Development Foundation (USADF) to provide grants to Micro, Small, and Medium Enterprises (MSMEs), cooperatives, and producer groups in Kenya. USADF and Stanbic Kenya Foundation will provide a combined total of US$10 million in funding towards the initiative which targets 100 percent Kenyan-owned, -managed and -legally registered MSMEs in Kenya. The Fund will provide MSMEs, cooperatives and producer groups with an opportunity to gain access to affordable finance, markets and expose them to the use of digital technologies.
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