Zimbabwe: Women's Bank Up By September

Jul 21, 2017 | The Herald; All Africa

The setting up of a women's bank that will provide financial support to small and medium enterprises run by women is now at an advanced stage, a Cabinet minister has said.

Women Affairs, Gender and Community Development Minister Nyasha Chikwinya told Senate last week that the bank was expected to become operational in two months' time. "Our bank is progressing well, but for us to start operations at the bank is not easy because there are a lot of things that need to be done before it can start operating. "What we need now is ICT (Information Communication Technologies) that is where the challenge is. Our bank's headquarters is housed at Trust Towers along Samora Machel Avenue. We are renovating to ensure that we begin working. "We now have a chief executive officer who is already working. The finance person was recruited and is already working. Recruitment is done by the board, which is their work. "I want to believe that we will not surpass the month of September before we open our bank. However, it is said that for the ICT programme to be set up properly so that we are all networked from, say, Harare to Masvingo, it takes a period of 90 days and now we are almost midway which means that we are almost finished," she said. Read more on All Africa. Source: All Africa