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RDB ranks first in providing most loans to women entrepreneurs under ADB’s We-Fi initiative

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The panelists discuss the importance of Sex Disaggregated Data at the awareness session

ComBank 5th in the ranking, yet records highest disbursement

By Sanath Nanayakkare

Women Entrepreneurs Finance Initiative (We-Fi) is a programme of the Asian Development Bank (ADB) which enables an empowering business environment for women entrepreneurs in Sri Lanka, conducted in collaboration with 13 banks.

The media was educated about this at a workshop related to We-Fi programme hosted by the ADB at the Courtyard by Marriott Colombo on 14 June 2024.

The data at the workshop showed that in expanding access to finance, the Regional Development Bank (RDB) tops the list of We-Fi grants distribution with 482 grants- a share of 31% of the total grants- thus distributing US$ 1.07 million among women entrepreneurs.

The Bank of Ceylon has distributed 327 grants – a share of 21.1% of the total grants – thus distributing US$ 1.23 million among women entrepreneurs. The People’s Bank was a distant third with 112 grants – a share of 7.2% of the total grants – thus distributing US$ 0.43 million among women-led MSMEs.

HNB, ComBank and NDB which are generally orientated towards financing established SMEs had notably taken advantage of ADB’s We-Fi by clinching the fourth, fifth and sixth place respectively in the loan distribution ranking.

Interestingly, the exceptional case here was the ComBank which reported the largest disbursement of US$ 1.31million among women entrepreneurs despite its fifth place in terms of the number of grants.

Takafumi Kadono, Country Director, Sri Lanka Resident Mission, Asian Development Bank (ADB) delivers the welcome remarks at the awareness session

The ADB programme spans over 5 areas:

Expanding access to finance for underserved women entrepreneurs

Providing technical assistance for financial institutions on gender inclusive finance

Gender inclusive policy, regulatory framework and network strengthening

building business capacity of women entrepreneurs

Strengthening the evidence base on women-owned/led SMEs

Three government institutions and two civil society organisations participate in the programme.

The Department of Development Finance at the Ministry of Finance is the implementing agency.

The project has achieved the following:

$9.5 million of the We-Fi grant has mobilized with ADB’s $46.6 million loan funds as blended finance

1,553 women entrepreneurs employing 21,494 workers have financially benefitted from the We-Fi grant

Nearly 90% of loans and We-Fi grants were made for economic activities outside Colombo District, including in lagging regions (eastern, northern, Sabaragamuwa and Uva provinces) and across various industries (including manufacturing, tourism, trade, healthcare, agriculture, and construction)

Conducted specialized training program for women entrepreneurs. 470 women entrepreneurs completed the programme

Launched an online platform (SME Connect) in October 2022 to build business capacity of WSMEs through learning, mentoring, and networking. Currently 902 women entrepreneurs are registered on the platform.48% of the loans were granted on non-collateralized basis while 35% were made to first time borrowers.



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DIMO KNIGHTS 2026 Reinforces a Culture of Recognition and Growth

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DIMO celebrated DIMO KNIGHTS 2026, recognizing employees whose exceptional dedication, leadership, innovation, and commitment continue to shape the organization’s success. More than an employee recognition event, DIMO KNIGHTS reflects DIMO’s unwavering commitment to cultivating a workplace where people are empowered to thrive, reinforcing the Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing its Corporate Purpose of Fuelling Dreams and Aspirations to life.

Held under the theme “Illuminating Leadership, Inspiring Achievement,” the event celebrated individuals who exemplify DIMO’s values and inspire excellence across the organization. By recognizing those who consistently go above and beyond, DIMO continues to foster a high-performance culture where people are empowered to innovate, lead, and create meaningful impact.

A highlight of the evening was the keynote address delivered by Mr. Ravi Kant, former Managing Director and Vice Chairman of Tata Motors India, who shared valuable insights on leadership, organizational transformation, and building resilient organizations capable of sustaining long-term success.

Commenting on the event, Ms. Dilrukshi Kurukulasuriya, Executive Director / Chief Human Resources Officer of DIMO, said: “Our Tribe is the driving force behind DIMO’s continued success. DIMO KNIGHTS is more than a celebration of outstanding performance; it is a reflection of the culture we strive to build every day. By recognizing and empowering our people, we reinforce our Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing our Corporate Purpose to life. When our people grow, innovate, and thrive, they create lasting value for our customers, partners, and the communities we serve.”

DIMO KNIGHTS reinforces the organization’s people-first philosophy by fostering a culture of appreciation, continuous learning, and purposeful leadership. The programme reflects DIMO’s conviction that when employees are empowered, recognized, and inspired to excel, they shape the future of the organization through innovation, collaboration, and sustained excellence, strengthening a high-performing culture that delivers lasting value, drives sustainable business success, and reinforces DIMO’s position as an employer of choice.

The evening recognized employees across a wide range of categories, celebrating outstanding performance, innovation, collaboration, customer focus, and leadership. The ceremony culminated with the presentation of the prestigious Innovator of the Year and Employee of the Year awards, with the Employee of the Year accolade presented to Mr. Chathura Gunasekera.

As DIMO continues to invest in developing exceptional talent, initiatives such as DIMO KNIGHTS reaffirm the organization’s belief that sustainable business success begins with its people. By creating an environment where individuals are recognized, empowered, and inspired to achieve their full potential, DIMO continues to cultivate a purpose-driven, high-performing workforce that is equipped to shape the future of the organization while delivering lasting value to all stakeholders.

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Sri Lanka’s lifestyle coffee culture boom and the two faces of its economy

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Cutting the cake for outlet number 100 - a symbol of urban commercial revival set against a backdrop of wider household economic recovery.

By Sanath Nanayakkare

On Baseline Road in Colombo, Barista Coffee recently opened its 100th outlet. For a modern café culture spreading across shopping centers, office districts, and provincial towns, this milestone is a major commercial success. It shows a thriving urban service sector and a growing class of lifestyle consumers who use coffee shops as places to work, socialise, and meet.

This is a curious new picture emerging from Sri Lanka’s post-crisis economic recovery: the coffee cup is getting bigger, even as the household tea cup tells a very different story.

Yet, looking past the espresso machines, a different reality unfolds in the country’s kitchens.

International financial institutions note that while Sri Lanka’s macro-economy is recovering, household welfare and employment remain below pre-crisis levels. Poverty rates sit at roughly double what they were in 2019, and food prices doubled over a three-year span, forcing families to cut back on essentials.

This creates a striking local paradox, especially given Sri Lanka’s proud heritage as a global tea producer. While the world pays top dollar for Ceylon Tea, local market studies and industry reports have long pointed out an unfortunate disparity: many ordinary families find high-quality tea too expensive, often settling for lower-grade alternatives at home.

The growth of a 100-outlet coffee network does not mean prosperity has spread evenly across the island. Instead, it proves that there is a specific, well-resourced segment of consumers with the purchasing power to sustain a premium lifestyle economy, even as many other households carefully calculate the cost of everyday groceries.

Barista’s 100th store is not a bad-news story; it is a testament to acute entrepreneurial grit, shifting consumer behavior, and the vital revival of the nation’s urban service sectors. But it serves as an uncompromising reminder that macroeconomic stabilisation is not synonymous with household recovery.

As Colombo’s coffee culture looks toward its next hundred outlets, the true pulse of the nation’s economic health will not be measured by the espresso machines humming in sleek urban hubs, but by the quiet arithmetic happening in millions of kitchens beyond its doors – where the fundamental question remains whether a family can comfortably afford a better cup of Ceylon Tea.

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Aitken Spence Hotel Holdings Rs. 5 billion debenture issue oversubscribed on opening day

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Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior

redeemable debenture issue was oversubscribed on its opening day, 15th September 2026.

The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs.

100 each, with an option to issue a further 20 million debentures in the event of oversubscription of the initial issue, increasing the total issue size to Rs. 5 billion.

The Company said it had received applications for more than 50 million debentures, the full amount on offer, prompting the issue to close at 4:30 p.m. on the opening day (15).

The basis of allotment will be announced to the Colombo Stock Exchange as per regulatory requirements in due course.

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