Business
RDB ranks first in providing most loans to women entrepreneurs under ADB’s We-Fi initiative
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.
Business
Asia-Pacific business leaders to accelerate sustainable business action
More than 200 senior business leaders, policymakers, investors, sustainability practitioners and United Nations representatives convened in Colombo on 11–12 August for Forward Faster Now | APAC 2026: Driving Business Leadership for Sustainable and Inclusive Growth—the United Nations Global Compact’s flagship regional forum in Asia-Pacific.
Hosted by UN Global Compact Network Sri Lanka and organized by the UN Global Compact APAC Hub in collaboration with 14 Global Compact Country Networks, the forum strengthened regional collaboration and demonstrated the growing role of business leadership in advancing sustainable and inclusive growth across Asia-Pacific.
More than 80 high-level speakers from across the region contributed to the two-day programme, bringing together expertise from business, finance, government, the United Nations and civil society. The forum also convened an exceptional audience of CEOs, C-Suite, Board Directors, Heads of UN agencies and senior decision-makers, creating one of the region’s most significant platforms for cross-sector dialogue on sustainable business.
Across plenary dialogues, leadership panels and action-oriented workshops, participants explored the issues shaping the future of business in Asia-Pacific, including climate action, sustainable finance, gender equality, resilient supply chains, water stewardship, governance and integrity, digital innovation, human rights due diligence, circular economy solutions and ESG data for decision-making. Rather than focusing solely on ambition, Forward Faster Now challenged businesses to move from broad sustainability goals to target setting, practical decisions, stronger systems and action that can deliver progress at scale.
A defining milestone of the forum was the visit of Sanda Ojiambo, Assistant Secretary-General, CEO and Executive Director of the UN Global Compact. Her presence in Sri Lanka underscored the country’s growing role within the regional sustainability agenda and reinforced the importance of private sector leadership in delivering the Sustainable Development Goals.
Beyond the public programme, her visit included a series of bilateral engagements and strategic convenings with business and institutional leaders, deepening relationships and opening new avenues for engagement between the UN Global Compact and stakeholders in Sri Lanka.
The event also marked the launch of three significant initiatives by UN Global Compact Network Sri Lanka that will extend the impact of the convening well beyond the event itself. The Responsible Business Coalition was introduced as a new partnership to embed sustainability, and strengthen governance by bringing together Sri Lanka’s leading professional and industry associations to embed the Ten Principles of the UN Global Compact into their existing convening, training and thought-leadership channels, moving responsible business from a standalone function to a shared C-Suite and Board responsibility.
Business
Sri Lanka Insurance Corporation General celebrates ‘One Team, One Vision’ sales excellence at Annual Awards 2025
The Sri Lanka Insurance Corporation General Ltd. (SLICGL) team gathered to honour its top-performing sales professionals at the Annual Sales Awards 2025, held under the theme ‘One Team, One Vision’ on 20th August at the Monarch Imperial.
The evening convened sales leaders and high achievers throughout the island to celebrate a year of sustained performance, customer trust, and commitment which has kept SLICGL at the forefront of Sri Lanka’s general insurance sector.
Affirming SLICGL’s appreciation for the people driving success on the ground, the Sales Awards 2025 recognised those who went beyond targets, deepened client relationships, and contributed directly to the company’s continued expansion.
The event drew an unprecedented audience of over 700 participants. This year’s celebrations recognised a record number of winners, more than double the achievements honoured last year covering a diverse range of award categories reflecting excellence at every level of the business.
Nusith Kumaratunga, Chairman, Sri Lanka Insurance Corporation graced the event as the Chief Guest together with the Board of Directors and senior management of SLICGL also present as invited guests, encouraging and commending the winners for their outstanding achievements.
The award winners at this year’s ceremony included Insurance Advisors, Marketing Executives, Branch Managers, Regional Managers, and members of the Head Office Sales Channels, who were recognised and celebrated for their outstanding achievements in multiple categories.
Business
Sri Lanka to host SEARIC Summit 2026 for the first time, welcoming over 500 youth leaders from across South East Asia
Sri Lanka is set to host the SEARIC Summit 2026 from 11 to 13 September 2026 at the Pegasus Reef Hotel, marking the first time the country will host the flagship regional gathering of the South East Asia Rotaract Information Centre (SEARIC).
Hosted by Rotaract in Rotary International District 3220 (RID 3220) – Sri Lanka & Maldives, the three-day summit is expected to bring together more than 500 delegates from six countries, creating a regional platform for leadership development, knowledge exchange, cultural understanding and collaboration among young leaders. The South-East Asia Rotaract Information Centre (SEARIC) serves as a regional platform connecting Rotaract districts across South East Asia. It facilitates collaboration, information exchange, cultural understanding and joint initiatives among Rotaractors across the region. The annual SEARIC Summit serves as the network’s flagship gathering, bringing together Rotaractors and Rotarians from participating countries for shared learning, fellowship, cultural exchange and collective growth.
Under the theme “The Role of Technology in the Future of Careers and Services,” SEARIC Summit Sri Lanka 2026 will explore the rapidly changing relationship between technology, careers, leadership and community service. As emerging technologies continue to transform industries and the way people work, the summit will provide a platform for young leaders to examine how technology can be used not only to prepare for the future of work, but also to strengthen the way communities are served. Across three days, delegates will participate in leadership and professional development sessions, discussions, cultural experiences, networking opportunities and community-focused programming, with the central theme reflected throughout the summit programme.
Beyond the Rotaract movement, the event also contributes to Sri Lanka’s broader positioning as a destination for international conferences, youth leadership programmes and regional collaboration. With hundreds of international delegates travelling to the country, the summit provides an opportunity to showcase Sri Lanka’s hospitality, culture and potential as a host destination for future international gatherings. The event further creates a platform for young leaders from across South East Asia to connect with Sri Lankan counterparts, exchange ideas and explore opportunities for cross-border collaboration.
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