Women Affairs, Gender and Community Development Minister Sithembiso Nyoni said President Emmerson Mnangagwa will officially open the Zimbabwe Women’s Microfinance Bank before the end of this month.
The bank will have its flagship branch at Trust Towers Building and a branch network across the country. The Herald reports the bank will open next Tuesday after the Reserve Bank of Zimbabwe (RBZ) authorised its operations and issued it with a licence. Nyoni said the bank will be inclusive. Said Nyoni:
I wish to make it abundantly clear that in tandem with the national policy of financial inclusion and the Ministry’s mandate of gender mainstreaming, the bank will avail its services to all Zimbabweans. I wish to inform the nation that my Ministry, together with the bank and key stakeholders, has begun preparing for the launch of the bank to be done this month.