Browsing: small businesses

  • Stanbic Bank has revealed that it has empowered over 45,000 women entrepreneurs in the last three years
  • Under its DADA initiative, the bank further revealed it had provided innovative solutions to women amounting to KSh 6.9 billion  ($58.5 million) in lending
  • As a way of supporting women growth, the bank has been providing training and capacity building which have so far benefitted more than 17,000 women

Kenyan-based lender Stanbic Bank has revealed that it has empowered over 45,000 women entrepreneurs in the last three years.

The bank further revealed it had provided innovative solutions which have enabled Dada’s access KSh 6.9 billion  ($58.5 million) in lending.

The bank has additionally provided credit guarantee schemes to the tune of over KSh 1 billion ($8.4 million) and over KSh 40 million ($339,587) in grant funds.

Under the credit guarantee scheme, the bank is working with the African Guarantee Fund (AGF) and the …

  • AfCFTA’s ‘How to Export with the AfCFTA training programme’ was designed with African businesses in mind.
  • In 2020, Afreximbank and ITC begun a trial programme in Côte d’Ivoire, Nigeria, and Rwanda as a test.
  • ITC and Afreximbank have made the online component of the curriculum publicly available on the Afreximbank Academy online platform.

Small businesses will start benefitting from a training programme on exporting within the African Continental Free Area (AfCFTA).

This follows the launch of the new training programme by the International Trade Centre (ITC) and the African Import-Export Bank (Afreximbank).

The training programme was launched during the Intra-African Trade Fair 2021 (IATF2021), taking place in Durban, South Africa from November 17 to 21. For previously under-represented populations, the training programme strives to break down barriers to commerce.

Read: KEPSA signs MoU to spur exploration of large scale green energy projects

The AfCFTA’s ‘How to Export with the AfCFTA …

Women entrepreneurs in Africa have had a tough time breaking the glass ceiling since the business arena has largely been dominated by men. 

From Tripoli to the Cape and from Mogadishu to Libreville, the continent’s number of notable women entrepreneurs can be counted on the fingers of one hand. This is especially if those with political connections and roots are removed from the equation. 

With the challenges accompanying small businesses stymying their growth, women suffer the brunt of it all since they also have to juggle several other balls in a continent which is home to 16 per cent of the world’s human population.

Read Kenya: Women own half the 1.3 million MSMEs

Women take much longer to establish enterprises because unlike men, they have to devote much more of themselves to do more than just running their businesses. They have to run their homes and take care of their

Africa is the world’s second-largest and the second-most populous continent after Asia with an estimated 1.3 billion people as of 2018.

Accounting for about 16 per cent of the world's human population, the demands continue increasing especially for job creation, food security and education among others.

With this population expected to grow to be between 1.65 billion and 1.71 billion by 2030, there is even more pressure to ensure that the continent’s youthful population is gainfully engaged to avert an unemployment crisis.
Read: How to tap into cross border opportunities
This calls for...

Already have an account? Log in

Get 50% off this Black Friday

Save on an annual digital subscription and explore your interests

Digital Subscription – Monthly

Be informed with the essential
news and opinion

$5 per month

Digital Subscription – Annually

Be informed with the essential
news and opinion

$40 per year