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The SANAD Fund for MSME (SANAD) announced that it has received shareholder approval to expand both its debt and equity operations into sub-Saharan Africa (“SSA”).
Starting with six initial focus countries – Ghana, Kenya, Ivory Coast, Rwanda, Senegal, Uganda – the fund and its complementary Technical Assistance Facility will strengthen its MENA presence by supporting existing and new partners in growing their operations in SSA and broadening access to finance for MSMEs.
In addition, SANAD seeks to foster the transfer of innovative fintech solutions from SSA into its core MENA region. The fund will continue to pursue the fund’s mission of economic development and job creation by promoting a financial ecosystem committed to supporting the crucial but...
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