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A partnership to improve the technical and financial knowledge of women entrepreneurs has been sealed between International Trade Centre (ITC) and Absa Bank Zambia.
This partnership also seeks to expand banking services to more women in Zambia.
Managing Director, Mizinga Melu, and ITC Deputy Executive Director, Dorothy Tembo, formalised the partnership on Thursday with the signing of a Memorandum of Understanding (MoU).
Speaking during the signing ceremony, Melu said advancing women’s economic empowerment was vital for sustainable development and growth.
She said the partnership demonstrated commitment to support the growth of women led businesses through skill development trainings, which would not only help women to become successful entrepreneurs also help to elevate and support women led businesses to reach their full economic potential.
Read more: Over 700 women benefit from $450,000 empowerment fund
“Through our Women in Business proposition under the theme Unleash, we are focused on bridging the gender gap by providing financial and non-financial capabilities that help create economic opportunities for women led businesses,” Melu said.
The latest collaboration builds upon four years of work in the ITC SheTrades Zambia project.
Tembo said tailored financial and capacity building support were essential in advancing and expanding the development of women entrepreneurs.
She observed that Zambia held one the highest proportions of women entrepreneurs on the African continent, yet the gender gap in financial inclusion remained.
“I am thrilled that under this MoU, we will support for the growth of women entrepreneurs and cross another milestone in building inclusive and fair economies,” she said.
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