Reserve Bank of Zimbabwe (RBZ) says women empowerment cannot be achieved without ensuring they have access to affordable financial products and services.
This was revealed by the central bank deputy governor Dr Charity Dhliwayo at the launch of POSB women’s desk as part of the financial inclusion strategy.
The launch of the women’s desk by POSB is expected to play a critical role in encouraging the participation of women in the mainstream economy through using financial services.
Dr Dhliwayo said the central bank is mobilising funds for women which dove-tails with the national financial inclusion strategy.
The gesture also puts the bank among the six financial institutions that have financial services tailor-made for women under the financial inclusion strategy.
In a bid to ensure women participate in the mainstream economy, the central bank is in the process of creating a US$15 million women empowerment fund while US$10 million has been unveiled as a business linkages finance facility for small scale farmers.