Stanbic Bank, through its business development initiative, the Stanbic Business Incubator, headed by Catherine A. Poran, as Chief Executive, has partnered with the German development agency GIZ to empower women investing in Green Agribusiness.
The partnership, which is part of the WE4D (Promoting Women’s Employment for Africa’s Green Transformation) Programme, aims to foster the growth of green women-led micro and small enterprises in Uganda.
The project seeks to improve women’s employment opportunities, especially in green sectors and in companies and value chains that are driving the green transformation on the African continent.
Aligning with the Stanbic Bank WYF Agenda
This partnership aligns perfectly with Stanbic Bank’s Women, Youth, and Farmers Agenda, which focuses on empowering these key demographics to drive economic growth.
By providing women-led enterprises in green agribusinesses with access to affordable finance, business training, and coaching, Stanbic Bank and GIZ are promoting economic development and environmental sustainability.
Benefits of the Partnership
The partnership will provide women-led businesses with:
Access to affordable finance
Through Stanbic Bank’s loan facilities, women-led green/greening businesses will be able to access the funding they need to grow and expand their operations.
Business training and coaching
The partnership will provide women-led businesses with the skills and knowledge they need to develop bankable green business models and improve their competitiveness.
Improved business systems and practices
The partnership will help women-led businesses improve their business systems, capabilities, and practices, making them more attractive to investors and lenders.
Socially transformative growth
The partnership will promote socially transformative growth, including the creation of new jobs, increased competitiveness, and enhanced profitability.
Promoting Green Transformation
The partnership is a game-changer for Uganda’s green agribusiness sector, promoting green transformation while contributing to economic development and environmental sustainability simultaneously.
By supporting women-led businesses in green agribusiness, Stanbic Bank and GIZ are helping to drive economic growth while promoting environmental sustainability.
This partnership between Stanbic Bank and GIZ is thus a significant step towards empowering women in green agribusiness and driving economic growth in Uganda.
By providing women-led businesses with access to affordable finance, business training, and coaching, the partnership is promoting economic development and environmental sustainability.
This initiative aligns perfectly with Stanbic Bank’s Women, Youth, and Farmers (WYF) agenda and is a testament to the bank’s commitment to promoting economic growth and development in Uganda.