Home / Muslim World / Khalifa Fund signs $25 million agreement with Malian government

Khalifa Fund signs $25 million agreement with Malian government

Khalifa Fund signs $25 million agreement with Malian governmentAbu Dhabi : The United Arab Emirates on Saturday signed a $25 million worth agreement to provide support for micro, small and medium enterprises in the Republic of Mali.

Emirates news agency WAM reported that the agreement was signed in Abu Dhabi between the Khalifa Fund for Enterprise Development and the Malian government represented by the Ministry of Economy and Finance, in the presence of Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohammad bin Zayed Al Nahyan and Mali’s President Ibrahim Ebrahim Boubacar Keita.

Following the signing ceremony, a statement said that the agreement provides for the disbursement of the amount in equal installments over the next five years.

“The agreement is a part of the UAE’s continuing efforts to support micro, small and medium enterprises in the Republic of Mali while also enabling these enterprises in generating business that is in line with the Mali government’s efforts to promote economic development in the country,” said Chairman of Khalifa Fund Hussain Jasim Al Nowais, after signing the agreement with Malian Minister of Economy and Finance Dr. Boubou Cisse.

Al Nowais also explained the importance of joining hands with Mali to allow young people and women the opportunity to achieve their ambitions via creating their own projects that will contribute to developing the Malian national economy as well as the rural and poor areas across the West African nation.

—AB/UNA-OIC

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