Critical to achieving this is supporting women-owned enterprises financially. One of the most quoted hindrances to the growth of women-owned enterprises is the high cost of credit — the unavailability of attractive medium and long-term financing options. Funding women-owned enterprises will reduce earning disparities and increase household income. Recently, Gulf African Bank partnered with Safaricom to bring together female entrepreneurs under the bank’s Women Banking programme for a networking summit. The platform brought to the fore barriers faced by women entrepreneurs in the process of starting and growing enterprises, and approaches that can be employed to surmount them.

Source: Standard Digital December 06, 2016 05:09 UTC