---
title: "SANAD Fund"
description: "SANAD Fund for MSME is an impact investment fund structured as a Luxembourg based investment company with variable capital. It focuses on financing micro, small, and medium sized enterprises and low income households across the Middle East and North Africa and selected countries in Sub Saharan Africa, and is reserved for institutional, professional, or other well informed investors. In Africa, SANAD provides both debt and equity financing, typically via qualified local financial institutions and partners, to address funding gaps for entrepreneurs and MSMEs. Its activity includes backing digital finance and fintech solutions as well as commerce and retail platforms, reflected in investments in companies such as Djamo in Côte d’Ivoire, Khazna in Egypt, Cartona in Egypt, and Sky.Garden in Kenya. These transactions span Series A and other venture stage rounds and are concentrated in Egypt, Côte d’Ivoire, and Kenya within the investment data available. Through its focus on MSME finance, financial inclusion, and innovations in financial technologies, SANAD aims to foster economic development, job creation, and more inclusive access to finance in its target regions. The fund combines investment capital with technical assistance to strengthen partner institutions and support sustainable growth outcomes for its beneficiaries."
canonical_url: "https://liners.com/investors/sanad-fund"
markdown_url: "https://liners.com/investors/sanad-fund.md"
type: "investor"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/investors/sanad-fund/favicon.png?v=1785330229405"
updated_at: "2026-09-12T03:02:04.614Z"
---

# SANAD Fund

SANAD Fund for MSME is an impact investment fund structured as a Luxembourg based investment company with variable capital. It focuses on financing micro, small, and medium sized enterprises and low income households across the Middle East and North Africa and selected countries in Sub Saharan Africa, and is reserved for institutional, professional, or other well informed investors. In Africa, SANAD provides both debt and equity financing, typically via qualified local financial institutions and partners, to address funding gaps for entrepreneurs and MSMEs. Its activity includes backing digital finance and fintech solutions as well as commerce and retail platforms, reflected in investments in companies such as Djamo in Côte d’Ivoire, Khazna in Egypt, Cartona in Egypt, and Sky.Garden in Kenya. These transactions span Series A and other venture stage rounds and are concentrated in Egypt, Côte d’Ivoire, and Kenya within the investment data available. Through its focus on MSME finance, financial inclusion, and innovations in financial technologies, SANAD aims to foster economic development, job creation, and more inclusive access to finance in its target regions. The fund combines investment capital with technical assistance to strengthen partner institutions and support sustainable growth outcomes for its beneficiaries.

## Breadcrumbs

- [Investors](/investors)
- [SANAD Fund](/investors/sanad-fund)

## Summary

SANAD Fund for MSME is an impact investment fund structured as a Luxembourg based investment company with variable capital. It focuses on financing micro, small, and medium sized enterprises and low income households across the Middle East and North Africa and selected countries in Sub Saharan Africa, and is reserved for institutional, professional, or other well informed investors. In Africa, SANAD provides both debt and equity financing, typically via qualified local financial institutions and partners, to address funding gaps for entrepreneurs and MSMEs. Its activity includes backing digital finance and fintech solutions as well as commerce and retail platforms, reflected in investments in companies such as Djamo in Côte d’Ivoire, Khazna in Egypt, Cartona in Egypt, and Sky.Garden in Kenya. These transactions span Series A and other venture stage rounds and are concentrated in Egypt, Côte d’Ivoire, and Kenya within the investment data available. Through its focus on MSME finance, financial inclusion, and innovations in financial technologies, SANAD aims to foster economic development, job creation, and more inclusive access to finance in its target regions. The fund combines investment capital with technical assistance to strengthen partner institutions and support sustainable growth outcomes for its beneficiaries.

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## Recorded investments

| Product | URL | Stage | Amount | Date |
| --- | --- | --- | --- | --- |
| BLNK | /blnk | Debt Financing | 24600000 | 2026-06-01T00:00:00.000Z |
| Djamo | /djamo | Venture (Round not Specified) | 17000000 | 2025-04-01T00:00:00.000Z |
| Khazna | /khazna | Venture (Round not Specified) | 16000000 | 2025-02-01T00:00:00.000Z |
| Cartona | /cartona | Series A | 5600000 | 2024-07-01T00:00:00.000Z |
| Cartona | /cartona | Series A | 12000000 | 2022-07-01T00:00:00.000Z |

## Related pages

- [All investors](/investors)
- [Funding rounds](/funding)

## Access and citation

- [Canonical HTML page](https://liners.com/investors/sanad-fund)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)