Browsing: Standard Chartered Bank of Kenya

  • 58 per cent of all MSMEs in Africa are women-owned, which contribute 20 per cent to the overall GDP
  • Women-led Micro-Enterprises (W-MSME) are deemed 34 per cent less profitable than men
  • The teams were shortlisted based on performance in the programme’s 100 points criteria
  • The 12-week mentorship will see the teams offered expert training in the areas of business idea conceptualization, strategy formulation and marketing 

According to the World Bank, 58 per cent of all African MSMEs are women-owned, contributing 20 per cent to the overall GDP.

However, Women-led Micro-Enterprises (W-MSME) are deemed 34 per cent less profitable than men, while 68 per cent lack adequate access to finance.

It is against this backdrop that Standard Chartered Bank and @iBizAfrica – a business incubator under the umbrella of @iLabAfrica, a Centre of Excellence in ICT innovation and Development based at Strathmore University – have partnered to create the Standard …