Published: 6 months ago
This was the 5th series of WebForum in our ongoing campaign-themed “YourSayYourPart” presenting this unique topic about “What Women Want” in Banking. The virtual meeting dialog consisted of leading ladies at the Ministry of Trade and Industry Zanzibar, Credit Bank PLC-Kenya, Bank of Ghana, NCBA Bank Group, Absa Bank, and African Development Bank Group. The rich discussions encompassed Ambassadors, Ministers, Senior Managers, and Directors in the top Banking and Finance Industry who are passionate and well known in their work to bridge the gender gap in the financial sector in Africa. The following topics were addressed during the session: The different ways to boost financial inclusion in Africa: Increasing women’s formal financial inclusion will yield knock-on effects for African economies, how African banks can tailor banking services and products to women in order to address their specific needs, how banks need to conduct more gender-segmented market research in order to design products that meet women’s needs, the role of governments in offering financial literacy training and up-scaling digital literacy levels among women, the adoption of collateral registries, which accept a broader class of assets as security including tangibles and intangibles and, adoption of mobile money services in Africa and how they meet women’s unique financial needs. The WebForum was hosted and moderated by our own Ms. Sophia Bekele, Founder and CEO of the esteemed DotConnectAfrica Group, and pioneer of the renowned Miss.AfricaDigital, women-in-tech impact seed-fund Grant Award, also a former long term US Banking industry Executive and was Co-chaired by Ms.Pamela Mutembei, Founder of TGBHke, a financial systems provider for women and a seasoned banking professional based in Kenya.