This archive report was first published on 18 June 2020.
On June 18, 2020, Standard Chartered Bank announced plans to fund five local women-led tech businesses with Sh1 million each to support their future growth.
The bank's Women in Tech program, in partnership with Strathmore University's business incubator, @iBizAfrica, selected the startups from a group of 380 companies in the competition.
The five companies to benefit include Soul Food, Taste Afrique, BenaCare, Nature's Touch, and Arbes Biotech, which have been able to scale their operations with the aid of technology.
The business operations range from virtual restaurants to provision of nursing services, personal care products, an agricultural startup using technology to generate seedlings, and food manufacturing companies.
Standard Chartered Bank CEO Kariuki Ngari said during the award ceremony, "This event taking place virtually is a great milestone to show the importance of technology and how businesses are using technology to drive their businesses forward. During this pandemic, businesses that have adapted to taking up technology are thriving, showing that technology is fundamental."
