news-details

Dutch-funded agency, lender in Sh283m deal to empower women in global trade

The Centre for the Promotion of Imports (CBI), a programme funded by the Dutch Ministry of Foreign Affairs in partnership with SBM Bank, has announced an initiative aimed at empowering women to seize valuable opportunities in global trade.

The initiative will focus on Kenyan women entrepreneurs in export value chains, targeting 15 businesses during the initial six-month pilot phase, and scaling up significantly in the following years.

The partnership will see the launch of a series of activities that will aim to enhance women’s access to finance and facilitate their entry and expansion in international markets.

This engagement is one of four pillars of CBI’s Women’s Economic Empowerment project in Kenya, valued at Euros 2 million (Sh283 million) over five years.

Janneke Vereijken, the CBI Programme Coordinator said women entrepreneurs often face significant challenges in accessing international markets, and they are delighted to partner with SBM Bank to address these challenges.

Related Posts
Advertisements
Market Overview
Top US Stocks
Cryptocurrency Market