This archive report was first published on 23 August 2020.
August 23, 2020 - The COVID-19 pandemic has brought unprecedented challenges to Africa's economy, but 24 Kenyan SMEs have found a glimmer of hope in the form of investment deals from USA investors.
The deals were facilitated by The Timeless Dynamic Services Ltd through its subsidiary Timeless Women of Wonder Organization, as part of the Africa Funding Tour, which took place in six countries between August 3rd and 30th.
The Kenyan chapter of the tour took place on August 3rd and 4th, and saw the CEO of The Timeless Dynamic Services Ltd, Nyakan June, emphasize the importance of supporting SMEs in Africa's economic transformation.
“The effect of COVID-19 on SMEs in Africa will have a devastating effect on Africa's economy since Africa's economic engine is primarily driven by SMEs. Pushing full support to equip and empower SMEs will guarantee their survival,” June said.
The African entrepreneurs will receive support from over 16 investors, who will finance their projects, offer technical and business support to enhance their growth.
The support and agreements from the six governments involved have made it possible to execute this unprecedented initiative during a time when the world is grappling with the effects and restrictions of the COVID-19 pandemic.
