Lungu announces bank for Women

Filed under: Business,Latest News,Most Popular Stories |
253 Views
Lungu tours stands at national women economic empowerment exposition. Photo: State House

Lungu tours stands at national women economic empowerment exposition. Photo: State House

President Edgar Lungu says his Government is in the process of opening a Bank for women.

 

The President says the bank will be opened through the Ministry of Gender and the Ministry of Finance.

 

President Lungu says the bank will provide women entrepreneurs with affordable and accessible financial services designed to cater across all social and economic strata of women in Zambia.

 

He said Zambian women will also have an opportunity to own shares in the bank.

 

President Lungu said this during the official launch of the national women economic empowerment exposition.

 

The Head of State also says government was designing more programmes to economically empower the women folk especially in rural areas.

 

President Lungu also disclosed that an inter Ministerial committee involving six ministries has been set up to design empowerment programmes to impact in areas of employment and wealth creation.

 

The Ministries involved include Livestock and fisheries ,Gender, Agriculture and Commerce.

 

Others are the ministry of sports and the ministry of chiefs and traditional affairs.

 

And NGOCC Board Chairperson Sara Longwe said the establishment of the bank for women will make it easier for them to embark on big projects.

 

Ms Longer says she is hopeful that the women’s bank will not ask for excessive collateral as that asked by banks – ZNBC

Facebooktwittergoogle_plusredditpinterestlinkedinmail

9 Responses to Lungu announces bank for Women

  1. Equality Laws. Equal rights.

    Mr T
    October 13, 2015 at 7:59 pm
    Reply

  2. Political expediency! Desperate situations call for desperate measures and Lungu will go any distance for a solution that will retain him plot one come post 2016 elections

    FuManchu
    October 13, 2015 at 11:51 pm
    Reply

  3. Only in Arab world (Muslim) countries do we find separate banks for men and women

    John
    October 14, 2015 at 2:09 am
    Reply

  4. It wont work Kikikikikikikikikikikikiikiiiikkkkkiiiiiii! This is another lima Bank. Worthless. These communist ideas wont work.

    Blackbird
    October 14, 2015 at 7:22 am
    Reply

  5. bravo ECL, sela tubombeko….now thats a presdo 4al zambians, dnt waste time on useless critics wh see anythng as not wrkable as long as it comes frm pf gvt…let ths hatred cm to an end on th 18th pls, talema na mediocre politics…. frendly advise, if u bitter, hateful, full of deciet, jelous, hurt bout th gvt- pls kill urself now cz afta 18oct al of us will repent n move in 1direction 4th betterment of zambia. God blee us all, amen

    HAMAPIPO HAMANJA
    October 14, 2015 at 9:23 am
    Reply

  6. This discrimination is what makes a Woman Lass. Why not work with fellow Men. If this was to be Opposite way it could have brought a lot of talks from our Women fork.
    God server US.

    Top Man
    October 14, 2015 at 10:11 am
    Reply

  7. THERE IS SOMEONE MISLEADING THE PRESIDENT FOR SURE?

    kazeya
    October 14, 2015 at 2:51 pm
    Reply

  8. Does not sound right to descriminate. It is too close to Moslem extremists idealogies

    AAMBA
    October 19, 2015 at 4:00 am
    Reply

  9. Next is a bank for the youth, for the unemployed, for the disabled, for the uneducated!!

    I know that women and mainly those who do not understand economics have been calling for a ring fenced financial institution to provide so called cheap money without thinking about the sustainability of such an institution. The President may have agreed to the demand out of wanting to please women and get their vital vote
    We have had such schemes before. I have yet to see similar schemes elsewhere. The Graemen bank model has also been tried in Zambia but failed. Just put up the environmental for sustainable economic growth and management supported by good corporate governance and you will see a turn around. As of now we are too focused on the political and economic survival of the few Zambians in the ruling party. It is as though the most important goal for Zambia is to retain certain names in power. That is not the point. Just look at Australia. Prime ministers come and go but the economy booms. It is not about an individual but about systems, institutions.

    Leadership is a serious matter
    October 24, 2015 at 9:07 pm
    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *