14 May 2025, Nairobi – Absa Bank Kenya has today announced a strategic partnership with Women’s World Banking, aimed at deepening financial inclusion and promoting economic empowerment of women entrepreneurs across Kenya.
This partnership was signed on the sidelines of the Women’s World Banking partners breakfast held in Nairobi. It will focus on enhancing Absa’s Women in Business (WIB) proposition by leveraging on Women’s World Banking’s international expertise in women-focused financial inclusion to provide innovative financial and non-financial solutions tailored to the needs of female entrepreneurs. This collaboration is expected to support the growth of women-led enterprises by delivering innovative products, building their access to credit and capacity.
Speaking about the partnership, Absa Bank Kenya’s Director of Business Banking, Elizabeth Wasunna – Ochwa, described the collaboration as a step in the right direction in the Bank’s efforts to champion inclusion in banking.
“This partnership creates the perfect platform that combines Absa’s local experience with the Women’s World Banking’s global expertise to empower women enterprenuers with the tools, training and financial boost they need to grow sustainable businesses. At Absa Bank, we have been investing in programs and partnerships that support small and medium-sized enterprises (SMEs), with a particular focus on women entrepreneurs. We are excited about this partnership with Women’s World Banking as we work towards reinforcing Absa’s role as a leader in inclusive finance,” said Ms. Wasunna.
Since the launch of the Absa SHE propositions, Absa Bank has supported over one million women entrepreneurs in Kenya, providing them with the requisite financial and non-financial support to scale up and take their businesses to the next level.
According to an MoU signed by the two partners, the agreement allows for multiple collaborative projects, each guided by a specific Statement of Work (SOW), with the first proposed SOW focused on supporting women in agribusiness- a crucial sector that has remained largely underfinanced particularly for women from underserved communities.
Speaking about the partnership, Mary Ellen Iskenderian, President and CEO of Women’s World Banking, said it will bring inclusive financial services to more women, especially those from underserved societies.
“At Women’s World Banking, we are thrilled to partner with Absa Bank on this innovative initiative to expand women’s access to finance and capacity-building. This collaboration reflects our shared commitment to support women entrepreneurs at every stage of their journey, unlocking the market opportunities they need to grow sustainable businesses. As we look ahead to the first project focused on empowering women in the agricultural sector, we see tremendous potential to drive long-term economic growth, resilience and prosperity for women and their communities.”
As more financial institutions work towards gender-responsive banking models, the Absa-WWB alliance not only seeks to serve as a catalyst for meaningful change by delivering sustainable solutions, but also break systemic barriers that women face in accessing financial and business support.
About Absa Bank Kenya:
Absa Bank Kenya Plc is listed on the Nairobi Securities Exchange and is one of Kenya’s leading financial institutions. The Bank has been a major player in Kenya’s financial landscape, engaged in personal and institutional banking, bancassurance and asset management.
The Bank’s regional and global footprint enables it to offer end-to-end financial solutions to retail and institutional clients. It has also been associated with several market firsts, such as the launch of the first ATM, WhatsApp banking, Sharia-compliant banking, and unsecured lending.
Absa Bank Kenya has a presence in 38 counties. It has 83 branches, 208 ATMs and a robust Internet and mobile banking platform. The bank’s purpose is to empower Africa’s tomorrow, together… one story at a time.
For more information, write to: communications@absa.africa
About Women’s World Banking:
For over 45 years, Women’s World Banking has been dedicated to serving the nearly 1 billion women excluded by the formal financial sector. As an NGO, we partner with financial institutions and policymakers to design, develop and implement solutions and programs that facilitate systemic change for women. As an investor, we advance women in the workplace and as customers through direct equity – to bring them security, prosperity, and independence. Since 2018 Women’s World Banking has reached more than 86 million women helping to change not only their lives but also of their households, communities, and countries. To learn more about Women’s World Banking, visit womensworldbanking.org.
For more information, write to: er@womensworldbanking.org
