Audio By Vocalize

Participants of the AFAWA SME Acceleration Programme. [James Wanzala, Standard]

NCBA Bank and African Guarantee Fund (AGF) have reaffirmed their commitment to empowering women entrepreneurs in Africa with $5 million (Sh645 million).

The commitment was made during the recent final investment pitching event of the NCBA Affirmative Finance Action for Women in Africa (AFAWA) Women Small and Medium Enterprises (WSMEs) Acceleration Programme.

AFAWA is a pan-African initiative by the African Development Bank, designed to bridge the estimated $49 billion (Sh6.3 trillion) financing gap facing women entrepreneurs.