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Originally published by The Standard Business
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July 21, 2026
6h ago

New programme backs women-led businesses with Sh645m pledge

New programme backs women-led businesses with Sh645m pledge

NCBA Bank and African Guarantee Fund have reaffirmed their commitment to empowering women entrepreneurs in Africa with Sh645 million...

✨ Key Highlights

NCBA Bank and the African Guarantee Fund (AGF) have pledged $5 million (Sh645 million) to support women-led businesses in Africa through the NCBA Affirmative Finance Action for Women in Africa (AFAWA) SME Acceleration Programme.

  • The program aims to bridge the estimated $49 billion (Sh6.3 trillion) financing gap for women entrepreneurs across Africa.
  • Key organizations involved include NCBA Bank, African Guarantee Fund (AGF), and a partnership with the African Development Bank's AFAWA initiative.
  • The final investment pitching event saw 32 women entrepreneurs present their business plans, with a portion of the pledged funds already disbursed.

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