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Stanbic Bank to empower women-led businesses with $195 mln in Kenya

Tuesday, 25 June 2019 16:56
Stanbic Bank to empower women-led businesses with $195 mln in Kenya

(Ecofin Agency) - Kenya’s Stanbic Bank announces it is making available to businesswomen a financing worth KSh20 billion ($195.8 million) to empower and support their activity.

Monies are granted under the “Dare to Aspire Dare to Achieve -DADA-” program the bank recently launched, and will be available from next year. Amount to be received by each lady depends on the activity sector.

According to MD Charles Mudiwa this initiative aims to increase Stanbic Bank’s women portfolio to 15% by 2020. He said most SMEs in Kenya are held by women.

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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