Investing in Employment in the Middle East and North Africa Region

SANAD Entrepreneurship Academy


The SANAD* Fund for MSME views the micro, small and medium enterprise sector as an engine of economic development, job creation and prosperity in the Middle East and North Africa (MENA). This also makes it a vast and as yet untapped investment opportunity.
To realize this potential, SANAD provides debt and equity financing to local partner institutions for on-lending to micro, small and medium enterprises (MSMEs) and fueling their growth.
To further maximize both the Fund’s impact and its returns, SANAD also provides hands-on support to partner institutions via its Technical Assistance Facility.

SANAD was initiated by KfW Development Bank as a public-private partnership model. Funded by the German Federal Ministry for Economic Cooperation and Development (BMZ), the European Union, the KfW Development Bank, Switzerland´s State Secretariat for Economic Affairs (SECO), the Development Bank of Austria (OeEB), the german GLS Bank and the Dutch Development Bank (FMO) the Fund is open to development finance and international financial institutions as well as private investors.

*’SANAD’ literally means ‘support’ in Arabic.

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