Johannesburg, South Africa (ADV) – The Graca Machel Trust recently challenged SADC countries to empower women financial, African Daily Voice has learnt.
SADC is currently implementing a strategy on financial inclusion and small and medium sized enterprises’ (SMEs) access to finance.
A key objective of this strategy is for member states to implement policies that will ensure that financial services are accessible by all including women and youth to enable them to participate in economic activities.
According to media, Chairperson of the Graca Machel Trust Graca Machel recently addressed delegates at the first ever SADC workshop focused on promoting women financial inclusion in the region held in Johannesburg, South Africa.
The workshop is the first step in strengthening institutional capacity for SADC member states to be gender focused when planning and evaluating programmes.
“We need to work as a region and not only as countries in addressing women’s financial inclusion,” said Machel, addressing delegates.
“We need to realise that majority of women in the region are not financially included.”
The workshop, co-hosted by SADC, The Graca Machel Trust, Financial Sector Deepening Zambia (FSD Zambia), FSD Mozambique and Finmark Trust brought together key players in the financial sector including central banks, financial institutions and fintechs.
“Women need a financial identity. It is not unacceptable that up to 50% of SADC countries populations are not part of the formal economy – and many people in the informal economy are women” Ms. Machel said.
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