Shariah-compliant lender Gulf African Bank has partnered with the African Women’s Entrepreneurship Programme to build capacity and financing for small and medium-sized enterprises.

The initiative covers SMEs in exports under the African Growth Opportunity Act, agribusiness, leadership and governance. The bank will gain access to AWEP’s 46,000 members across different sectors.

“This is another big step towards positioning the bank as an authority in women economic empowerment, through primarily providing affordable financing and business advisory opportunities to women entrepreneurs under the women banking program,” the bank said in a statement. AWEP aims to equip Kenyan businesswomen with the tools and opportunities to accelerate growth of their businesses.

Gulf Bank yesterday said it remains committed to boosting the living standards of women by “enabling them to control their own lives and influence change economically”. Gulf has also entered into a partnership with World Bank’s IFC to support the Bank’s Women Banking programme.