Bank of Zambia B and ILO partner to empower women entrepreneurs

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The Bank of Zambia in partnership with the International Labor Organization (ILO) will this week Wednesday hold a workshop for women entrepreneurs that is aimed at financial women empowerment.

Speaking during a media briefing today in Lusaka today,Bank of Zambia Deputy Governor for Administration, Dr. Tukiya Kankasa says access to finance has been identified as one of the major barriers for development of women entrepreneurs in Zambia.

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Dr. Kankasa states that the workshop will help women entrepreneurs to interact with policy makers and private sector to ensure that the challenge of access to finance can be addressed in a sustainable manner to create a conducive environment to do business.

She adds that the Central Bank supports and supplements government effort in enhancing economic development and empowerment for women through various initiatives and cooperation with the Ministry of Gender,Women Organizations and other key stakeholders.

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Speaking at the same event, International Labor Organization (ILO) Regional Senior Gender Specialist, Mwila Chigaga says her organization is steeped in social justice and promoting gender equality and equal opportunities between women and men is the key to the ILO mandate.

She adds that access to finance for women entrepreneurs has become a very critical issue and means of ensuring economic justice for women.

Speaking earlier, Zambia Federation of Associations of Women in Business (ZFAWB) Chief Executive Officer, Maureen Sumbwe, says gender and culture remains key barriers to women inclusion in entrepreneurs.

Ms. Sumbwe says the initiative by the Bank of Zambia and International Labor organization is welcome as it will help women to acquire skill and knowledge on how best they can be successful in business.

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