14 Might 2025, Nairobi – Absa Financial institution Kenya has right this moment introduced a strategic partnership with Girls’s World Banking, geared toward deepening monetary inclusion and selling financial empowerment of girls entrepreneurs throughout Kenya.
This partnership was signed on the sidelines of the Girls’s World Banking companions breakfast held in Nairobi. It’ll concentrate on enhancing Absa’s Girls in Enterprise (WIB) proposition by leveraging on Girls’s World Banking’s worldwide experience in women-focused monetary inclusion to supply progressive monetary and non-financial options tailor-made to the wants of feminine entrepreneurs. This collaboration is anticipated to help the expansion of women-led enterprises by delivering progressive merchandise, constructing their entry to credit score and capability.
Talking concerning the partnership, Absa Financial institution Kenya’s Director of Enterprise Banking, Elizabeth Wasunna – Ochwa, described the collaboration as a step in the suitable path within the Financial institution’s efforts to champion inclusion in banking.
“This partnership creates the proper platform that mixes Absa’s native expertise with the Girls’s World Banking’s international experience to empower girls enterprenuers with the instruments, coaching and monetary increase they should develop sustainable companies. At Absa Financial institution, now we have been investing in applications and partnerships that help small and medium-sized enterprises (SMEs), with a selected concentrate on girls entrepreneurs. We’re enthusiastic about this partnership with Girls’s World Banking as we work in the direction of reinforcing Absa’s position as a frontrunner in inclusive finance,” mentioned Ms. Wasunna.
Because the launch of the Absa SHE propositions, Absa Financial institution has supported over a million girls entrepreneurs in Kenya, offering them with the requisite monetary and non-financial help to scale up and take their companies to the subsequent degree.
In accordance with an MoU signed by the 2 companions, the settlement permits for a number of collaborative initiatives, every guided by a selected Assertion of Work (SOW), with the primary proposed SOW centered on supporting girls in agribusiness- an important sector that has remained largely underfinanced significantly for girls from underserved communities.
Talking concerning the partnership, Mary Ellen Iskenderian, President and CEO of Girls’s World Banking, mentioned it’s going to deliver inclusive monetary companies to extra girls, particularly these from underserved societies.
“At Girls’s World Banking, we’re thrilled to accomplice with Absa Financial institution on this progressive initiative to broaden girls’s entry to finance and capacity-building. This collaboration displays our shared dedication to help girls entrepreneurs at each stage of their journey, unlocking the market alternatives they should develop sustainable companies. As we sit up for the primary challenge centered on empowering girls within the agricultural sector, we see large potential to drive long-term financial progress, resilience and prosperity for girls and their communities.”
As extra monetary establishments work in the direction of gender-responsive banking fashions, the Absa-WWB alliance not solely seeks to function a catalyst for significant change by delivering sustainable options, but in addition break systemic obstacles that ladies face in accessing monetary and enterprise help.
About Absa Financial institution Kenya:
Absa Financial institution Kenya Plc is listed on the Nairobi Securities Trade and is one in every of Kenya’s main monetary establishments. The Financial institution has been a significant participant in Kenya’s monetary panorama, engaged in private and institutional banking, bancassurance and asset administration.
The Financial institution’s regional and international footprint allows it to supply end-to-end monetary options to retail and institutional shoppers. It has additionally been related to a number of market firsts, such because the launch of the primary ATM, WhatsApp banking, Sharia-compliant banking, and unsecured lending.
Absa Financial institution Kenya has a presence in 38 counties. It has 83 branches, 208 ATMs and a strong Web and cellular banking platform. The financial institution’s function is to empower Africa’s tomorrow, collectively… one story at a time.
For extra info, write to: communications@absa.africa
About Girls’s World Banking:
For over 45 years, Girls’s World Banking has been devoted to serving the almost 1 billion girls excluded by the formal monetary sector. As an NGO, we accomplice with monetary establishments and policymakers to design, develop and implement options and applications that facilitate systemic change for girls. As an investor, we advance girls within the office and as clients by direct fairness – to deliver them safety, prosperity, and independence. Since 2018 Girls’s World Banking has reached greater than 86 million girls serving to to vary not solely their lives but in addition of their households, communities, and nations. To study extra about Girls’s World Banking, go to womensworldbanking.org.
For extra info, write to: er@womensworldbanking.org
