Absa Bank and ITC Launch Accelerator for Women in Export Business

0
Absa Bank Kenya Head of SME Erastus Muthura, International Trade Centre SheTrades Hubs in Eastern and Southern Africa Senior Advisor Phyllis Mwangi, Brogibro Safaris and Events CEO Ruth Owino and British High Commission Agriculture, Food and Drink Attaché for Africa Rebecca Schneider during the Access to Finance Accelerator training for women in export launch at the Absa Bank Kenya Headquarters in Nairobi PHOTO/COURTESY

NAIROBI, Kenya- Women entrepreneurs in Kenya’s export sector are getting a major boost, thanks to a six-week Access to Finance Accelerator launched by Absa Bank Kenya in partnership with the International Trade Centre (ITC)

Funded by the UK International Development program, the initiative is designed to empower women with critical financial and business skills.

The program aims to address one of the biggest hurdles for women entrepreneurs: access to finance. 

Participants will receive intensive training on developing bank-ready business plans, managing risks, and navigating the complexities of international trade.

“The programme is designed to provide entrepreneurs with tools, knowledge, and networks to navigate international trade complexities,” said Elizabeth Wasunna, Absa Bank Kenya’s Business Banking Director.

With a curriculum that delves into SME financing, alternative funding options, and commercial banking, the initiative complements Absa’s broader focus on access to markets, mentorship, and sustainable finance.

British High Commission Attaché Rebecca Schneider emphasized the need to support women entrepreneurs to scale operations and capitalize on opportunities like the African Continental Free Trade Area (AfCFTA)

The program aligns with global efforts to ensure women play a significant role in shaping the future of trade.

The initiative also brings together strategic partners such as the African Guarantee Fund and DHL GoTrade Initiative, offering tailored financial solutions, mentorship, and partnerships designed to propel women entrepreneurs into global markets.

By addressing financial literacy gaps and providing actionable tools, the Access to Finance Accelerator is paving the way for a more inclusive trade ecosystem. 

This program not only empowers women entrepreneurs but also strengthens Kenya’s position in global markets.

As the initiative unfolds, it is expected to serve as a model for unlocking the potential of women entrepreneurs in international trade.

LEAVE A REPLY

Please enter your comment!
Please enter your name here