Gulf Bank in deal to finance women in mining industry

Gulf Bank will lend secured financing of up to Sh100 million. FILE PHOTO | NMG

Gulf African Bank has signed a deal to finance women in the mining industry.

The lender is partnering with the Association of Women in Energy and Extractives Kenya (AWEIK). Under the partnership, women who are interested in supplying items to mining industry players will submit their invoices to the mining, oil and gas companies, obtain local purchase orders (LPOs) and then use these LPOs to apply for loans from Gulf Bank.

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