Small and Medium Enterprises (SMEs) are the backbone of Kenya's economy, contributing significantly to its GDP. However, one critical yet often overlooked aspect is the role of women in these businesses. Recent data insights reveal that women-owned SMEs in Africa have grown at a rate twice as fast as those run by men, making their contributions indispensable.

In Kenya, women entrepreneurs are breaking barriers and driving innovation in various sectors. Take the example of Tabitha Karanja, the Founder and CEO of Keroche Breweries, the first indigenous brewery in Kenya. Her success story is a testament to the potential that lies within women-led businesses.

Despite their growing contributions, women face unique challenges in SMEs. Limited access to capital, lack of mentorship opportunities, and bias against female leadership are some of the obstacles they encounter. These hurdles can be overcome with targeted interventions by both public and private sectors.

One effective solution is promoting financial literacy among women entrepreneurs. Access to affordable financing options can help bridge the funding gap. Programs like the Women Entrepreneurship Platform (WEP) by Lipabiz Technologies Ltd aim to empower women by providing them with access to business management tools and digital payments solutions, fostering growth and sustainability.

Another crucial step is encouraging mentorship and networking opportunities. Platforms such as the Africa Women Innovation and Entrepreneurship Forum (AWIEF) and the African Women's Economic Network (Awenet) offer a platform for women to connect, learn, and collaborate, fostering a supportive ecosystem for female entrepreneurs.

Lastly, it is essential to challenge and address gender bias in business environments. Advocating for equal opportunities, promoting inclusive policies, and championing gender diversity can create an environment that nurtures the growth of women-led SMEs.

As we strive towards a more inclusive economy, it is essential to recognize and celebrate the achievements of Kenyan women in business. By addressing the challenges they face and fostering an environment that supports their growth, we can unlock the immense potential of women-led SMEs, driving economic growth and promoting gender equality.