Abakyala Ku Ntiiko Returns: Equity Bank Champions Women’s Financial Growth

Following the resounding success of its inaugural edition in 2024, Equity Bank has officially 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. Participants engaged in discussions on financial literacy, networking, business financing, peer mentorship, and small business management.

Recognizing the critical role women play in driving economic growth, Abakyala Ku Ntiiko is designed to equip female entrepreneurs with the knowledge, skills, and financial resources needed to scale and sustain their businesses. Equity Bank continues to champion financial inclusion by providing tailored solutions to help women overcome financial barriers and achieve long-term success.

Empowering Women Through Financial Solutions

Speaking at the event, Equity Bank Managing Director Mr. Gift Shoko emphasised the importance of networking in business growth.

“We believe that when women are financially empowered, they uplift families and communities as a whole,” Shoko stated. “The second edition of Abakyala Ku Ntiiko reaffirms our dedication to providing practical solutions that drive real change for women in micro-business.”

Laura Bahemuka, Equity Bank’s Head of Micro Segment, highlighted the unique challenges women face in managing finances, including balancing multiple responsibilities and navigating systemic barriers such as gender discrimination.

She outlined how Equity Bank is addressing these challenges through the Equi-Mama suite, a financial product tailored for women.

“One of our key target groups is women. Financial independence is not just about personal empowerment—it transforms families and entire communities. However, women often face unique financial hurdles, from managing family and business responsibilities to overcoming workplace discrimination,” Bahemuka said.

The Equi-Mama suite offers personalized financial planning, investment advice, and insurance coverage, ensuring that women can access essential services like maternal health, long-term illness support, permanent disability coverage, and life insurance. Additionally, the bank provides free financial literacy training, access to unsecured financing, mentorship, and networking opportunities to support female entrepreneurs.

Success Stories from Beneficiaries

One of the highlights of the event was a testimonial panel featuring women who had benefited from last year’s programme.

Ms. Jane Nalubowa, a businesswoman managing four enterprises, shared her experience:

“I learned how to manage my finances better and access affordable credit. Today, my business has grown, and I am now employing more women in my community.”

According to the Uganda Bureau of Statistics (UBOS), nearly 40% of Uganda’s small and medium-sized enterprises (SMEs) are owned by women, employing millions and supporting numerous households. Recognising their impact, Equity Bank has strengthened its commitment to female entrepreneurs by setting up targeted credit facilities.

Launched in 2021, these facilities now support over 400,000 women and youth through financial management training, networking opportunities, peer mentorship, insurance coverage, and unsecured financing.

Bahemuka emphasised the importance of financial literacy, noting that Equity Bank has made training mandatory for women and youth.

“We realised that simply providing funds is not enough. Many entrepreneurs struggle with basics such as saving, budgeting, and loan management. That’s why we focus on training them to make informed financial decisions and manage their businesses effectively.”

Expanding to Regional Centers

Following the launch in Kampala, Abakyala Ku Ntiiko will extend its reach to various regions, with upcoming events scheduled in Masaka (March 18), Iganga (March 21), Lira (March 25) and Kiboga (March 28).

Through this initiative, Equity Bank continues to invest in women’s economic empowerment, fostering sustainable business growth and financial resilience across Uganda.