30 Kenyan Companies Risk Shutdown After Trump Withdrew Funding

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30 Kenyan Companies Risk Shutdown After Trump Withdrew Funding

//business-finance.news-articles.net/content/202 .. -risk-shutdown-after-trump-withdrew-funding.html

Published in Business and Finance on Sunday, February 16th 2025 at 6:20 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Thirty Kenyan companies are at risk of closing businesses after U.S. President Donald Trump's order to shut down the United States Agency for International Development (USAID). These companies are among the beneficiaries of USAID's Development Innovation Ventures (DIV).

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The article from MSN discusses the potential shutdown of 30 Kenyan companies following the withdrawal of funding by former U.S. President Donald Trump. This decision was part of Trump's broader policy to cut foreign aid, which has significantly impacted Kenya's economy. The affected companies, primarily in sectors like agriculture, health, and education, were beneficiaries of U.S. aid programs aimed at fostering development and economic growth. The withdrawal has led to job losses, halted projects, and economic instability in regions dependent on these funds. Local business leaders and government officials are now seeking alternative funding sources and are urging the current U.S. administration to reconsider the aid cuts to prevent further economic downturn.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/world/30-kenyan-companies-risk-shutdown-after-trump-withdrew-funding/ar-AA1z8G66 ]