Tamarisk Investments underwrites major investment in Kenya
- United Arab Emirates: Sunday, October 21 - 2012 at 09:49
- PRESS RELEASE
Tamarisk Investments, a newly established Dubai based investment boutique, announces the underwriting of an investment by Willow Impact Investors in the Kenyan based Bio Food Products Ltd.
Currently, SME contribution to economic activity in the largest regional economy, Saudi Arabia, stands at only 28%, almost half the level witnessed in developed countries around the world. "We expect this contribution to increase over time in order to meet the pressing needs of economic growth and job creation," added Soubra."This is why Tamarisk is committed to supporting entrepreneurs and their growing needs within these regions." Underwriting this investment by Willow Impact Investors in Bio Food Products Ltd., an award-winning Kenyan added ‐value dairy goods producer, enables the organization to build and expand its production, milk collection facilities and distribution networks throughout Kenya and East Africa.
Tamarisk has worked alongside Willow Impact Investors on this transaction, "Willow has a growing footprint in East Africa with a strong presence in Kenya. Their main objective is to invest in SMEs that are socially impactful. At Tamarisk, we favor this approach to investing, and as we invest our own capital alongside clients', we align both our interests," added Soubra.
Tamarisk continues to put an emphasis on doing business within the region to help enhance the current position of SMEs. Following the success of this initial investment, the company will steadily move forward and actively seek high 2 growth opportunities in a number of various sectors, including; Healthcare, Food & Agriculture, Building Materials and Real Estate.
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