Bank calls for more support towards female entrepreneurs


Female entrepreneurs should be supported financially as they were a powerful force with potential to drive economic growth, create jobs, and foster innovation, Access Bank Zambia Managing Director, Lishala Situmbeko, has said.

Situmbeko is of the view that society was unlocking immense potential by supporting and empowering women in business.

He noted that Access bank believed in empowering women with tools and resources needed to take control of their lives and finances, increase their financial independence, bargaining power and self-esteem.

He said this at the Womenpreneur Pitch-A-Ton Winners announcement in Lusaka on Friday.

Womenpreneur Pitch-A-Ton commenced in September this year.

Read more: Winners emerge at Pitch-a-ton, as Access Bank sets aside K1 billion to support emerging businesses

“We recognise that accessing capital for businesses or personal ventures is a key challenge for women in Zambia. That is why our financing options specifically address this need by offering loans at concessional and lower interest rates for women.

“This benefit and more such as our mentorship programmes are available to you as female customers of the bank to help enhance your business acumen,” Mr Situmbeko said.

He explained that through the W Initiative, the institution’s banking proposition for women, the institution was opening the world to the benefits of providing opportunities for female entrepreneurs.

The Managing Director explained that the W initiative was the bank’s response to one of the many challenges faced by women, particularly those in business.

“To the participants, regardless of whether you walk away with the top prize or not, you are winners in your own right and we at Access Bank would like to see you keep winning through the benefits available to you as a female customer of Access Bank,” he said.

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