Women Affairs Minister Nyasha Chikwinya yesterday told Parliament that the Women’s Bank will be officially launched on Sunday, 5 March, nearly a decade after it was first mooted..
Chikwinya was asked in the National Assembly by MDC-T legislator Thokozani Khupe to explain when the bank, which is supposed to capitalise women’s projects will be launched.
Officials estimated that 78 pecent of people out of 5.4 million Zimbabweans in the informal sector are women.
The bank has been on the cards for almost a decade but money has not been availed to capitalise it.
Finance Minister Patrick Chinamasa said in his 2017 national budget statement that $10 million will be availed to capitalise the bank.
“We have now set up a board for the Women’s Bank, and also appointed an acting chief executive officer. $10 million has been advanced to start operations of the bank. We now have banking halls and are training staff to man the banking halls,” Chikwinya said.
“We hope that on International Family Day on March 5, 2017 we should be launching the bank.”
MPs however raised concern that the staff already recruited might have been done so in a nepotistic manner since the posts at the bank were not advertised.
“How do you begin to train people for the jobs at the Women’s Bank without advertising the posts?” Harare Central MP Murisi Zwidzai asked.
Chikwinya denied nepotism saying the acting CEO is an interim position and that the position is yet to be advertised.-The Source
(249 VIEWS)
This post was last modified on March 2, 2017 10:10 am
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…
Zimbabwe’s new currency today fell against the United States for the first time since its…
Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market…
One bane of recent public discourse in Zimbabwe is not only that it is never…
Zimbabwe’s new currency kicked off its third week on a stronger note raising questions as…