Following the success of its inaugural edition in 2024, Equity Bank has launched the second edition of Abakyala Ku Ntiiko, a flagship initiative aimed at empowering women in micro and small-scale businesses.
The event, held in Kampala under the theme “Accelerating Action for Prosperity in Business,” brought together hundreds of women entrepreneurs, financial experts, and industry leaders to promote financial literacy, networking, and business financing.
Supporting Women-Led Enterprises
Equity Bank’s Managing Director, Gift Shoko, emphasized the importance of financial empowerment for women.
“We believe that when women are financially empowered, they uplift families and communities as a whole,” Shoko stated, reinforcing the bank’s commitment to addressing financial barriers for female entrepreneurs.
Laura Bahemuka, Head of the Micro Segment at Equity Bank, highlighted the challenges women face in managing finances, including systemic barriers like gender discrimination.
She introduced the Equi-Mama suite, a tailored financial product offering personalized financial planning, investment advice, and insurance coverage, including medical insurance for maternal health and long-term illnesses.
Impact on Women Entrepreneurs
One of the event’s key moments was a testimonial panel featuring women who benefited from last year’s program.
Jane Nalubowa, an entrepreneur managing multiple businesses, shared how Abakyala Ku Ntiiko helped her improve financial management and access affordable credit, allowing her to expand and employ more women in her community.
With nearly 40% of Uganda’s small and medium-sized enterprises (SMEs) owned by women, initiatives like Abakyala Ku Ntiiko are crucial for economic growth. Since 2021, Equity Bank has supported over 400,000 women and youth with free financial literacy training, networking opportunities, and unsecured financing.
Expansion to Regional Markets
Following the Kampala launch, Abakyala Ku Ntiiko will expand to regional markets with events scheduled in Masaka (March 18), Iganga (March 21), Lira (March 25), and Kiboga (March 28).
By continuing to invest in women entrepreneurs, Equity Bank is positioning itself as a key player in driving inclusive economic growth across Uganda.
