Bank sets aside Sh500m for Small and medium-sized enterprises

Gulf African Bank Managing Director Abdalla Abdulkhalik

Gulf African Bank (GAB) has set aside Sh500 million to be lent to women and youths in a plan to enhance their involvement in big transactions including public procurement and debt capital.

Focus for the partnership entered yesterday between the lender and the Kenya National Chamber of Commerce and Industry (KNCCI) will be on local purchase order financing.