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UN, Equity Group Partnership to Boost Kenyan MSMEs

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Nyakundi Report

Newsroom 2 min read

This archive report was first published on 24 June 2021.

On June 24, 2021, the United Nations (UN), the Kenya Government, and Equity Group launched a groundbreaking partnership that is set to transform the lives of millions of Kenyans.

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The partnership, which involves Equity Group, Equity Group Foundation, the United Nations system in Kenya, and its Sustainable Development Goals (SDGs) Partnership Platform, aims to accelerate the achievement of the SDGs in Kenya by 2030.

Speaking during the launch, Equity Group Managing Director and CEO, Dr. James Mwangi, emphasized the importance of MSMEs in driving job creation and economic growth. "We will deploy USD 6 billion on the SDGs Partnership Platform and expect 5 million MSMEs to benefit from this financing within the region," he said.

Dr. Mwangi noted that the partnership will create opportunities for wealth creation for the Kenyan people and the economy, and that the engine of job creation is enterprises that will also create markets for raw products from communities and address the issue of unemployment.

UN Resident Coordinator for Kenya, Dr. Stephen Jackson, highlighted the potential of the partnership to offer tremendous value to local communities, citing the identification of sub-sectors and growth opportunities across various market segments.

Equity Group continues to play a leading role in contributing to the achievement of the 2030 Agenda on the SDGs, with a purpose to transform lives, give dignity, and expand opportunities for wealth creation.

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