Absa Bank Kenya, in collaboration with the International Trade Centre (ITC), has launched the Access to Finance Accelerator programme to enhance financial access for women entrepreneurs engaged in export businesses. This six-week initiative is set to provide comprehensive training to empower women with the tools and skills they need to thrive in international trade.
Supported by the UK International Development program, the initiative focuses on equipping participants with the expertise to create bank-ready business plans, effectively manage risks, and confidently navigate the complexities of international trade. The program aims to address the financial barriers that hinder women-led businesses from scaling in global markets.
Elizabeth Wasunna, Absa Bank Kenya’s Business Banking Director, highlighted the program’s goal to provide entrepreneurs with the knowledge, networks, and strategies essential for success in international trade. It represents Absa’s broader commitment to supporting access to markets, sustainable finance, and mentorship for small and medium-sized enterprises (SMEs).
Participants will gain valuable insights into SME financing, explore alternative funding options, and deepen their understanding of commercial banking. The program aims to boost financial literacy and enhance participants’ preparedness to secure funding for their ventures, fostering resilience and sustainability in their businesses.
Rebecca Schneider, Attaché at the British High Commission, emphasized the importance of supporting women entrepreneurs in export businesses, enabling them to scale operations and take full advantage of opportunities like the African Continental Free Trade Area (AfCFTA) Agreement. She reiterated the UK’s commitment to fostering inclusive economic growth in Kenya and beyond.
The program has also partnered with the African Guarantee Fund and DHL GoTrade Initiative, which will offer tailored mentorship, strategic partnerships, and innovative financial solutions. These collaborations aim to empower women entrepreneurs, providing them with the resources to compete effectively in global markets and contribute to sustainable economic growth.
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