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‘Financial education key to women’s empowerment’

FINANCIAL education for women is one of the vital factors to enable them harness the huge potential in economic development in Tanzania, according to Equity Bank Tanzania senior official, Ms Betty Kwoko Mgimba.

Speaking at an event in Dar es Salaam over the weekend to mark the Top Women In Management Africa (WIMA) award winners for the year 2020, Ms Mgimba, who is also the Equity Bank’s Head of Institutional Banking and Customer Experience, said 34 other women emerged as leaders in management in Tanzania for the year 2020 from a nomination of 400 candidates.

The event was attended by leading women executives in both the private and public sectors, among them Dr Joyce Ndalichako, the Minister of Education, Science, Technology and Vocational Training.

The list of the nominees was vetted down to the top 35 though the initial target was 50. The criteria and qualifications were of high standards, Ms Mgimba said.

She thanked the organisers for recognising them and said being a woman is a divine position.

The recognition of women in leadership is vital as it inspires more women and girls to fight for top positions at all economic fronts, noted Ms Mgimba, who is also a leading crusader of a cashless economy for development and improved management of financial matters at personal, entrepreneurial and institutional levels.

“I am both overwhelmed and very humbled. Yes, a bigger percentage of women in management mostly go beyond the call of duty, we usually have to put in twice and sometimes triple the efforts to even be recognised,” she noted.

She said there is huge potential in women that need to be harnessed for improved socio-economic transformation and impact.

“Women at work, in leadership, in growing other leaders, in entrepreneurship and investments need an enabling environment to actualise their potential. And for this to happen, discovering oneself and financial education are vital keys for success. Influencing and growing other women and youth to understand this drives me,” she said about her being among the top 35 awardees.

“I dedicate my award to all women doing something positive to uplift other women and the society at large in Tanzania and Africa as a whole,’’ noted the veteran banker with an outstanding record, spanning over two decades at various roles related to customer care and relationship management.

According to Ms Naike Mosha, the Chief Executive Director of WIMA Awards, Ms Betty is “A lady who wears many hats yet never forgets to smile.”

Ms Naike said the awards celebrate top women and the companies behind them, honour and applaud outstanding leadership, inspiration, vision and innovation.

“We need more women to advance at the forefront of the economy, she says, and it was important to recognize the torchbearers so that they can encourage more and more girls to chase their dreams,” she said.

WIMA’s purpose in this initiative is to enhance the importance of actively involving women in senior-level roles.

WIMA promote gender parity and encourage female participation in the labour force by honouring professional women in their careers and motivate more women to take leadership roles in the workplace.

The institution seeks “to enhance the importance of actively involving Women in Senior Level roles.”

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