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LIVE UPDATES: Women’s bank official opening

11:36 – Vice President Chiwenga is now invited to give a vote of thanks and present a gift to President Mnangagwa.

11:34 – The President ends his speech by declaring the bank officially open.

11:33 – ED: “Most women live in rural areas and there is need for the bank to establish itself in most of remote and marginalised areas of the country.”

11:28 – The President says Zimbabwe’s financial sector should maintain the high respect for women because they pay back loans. He adds that women have proved this through the ‘mukando’ initiatives.

11:28 – ED urges the bank to license agents countrywide where it does not have branches, as a first step of takingthe bank to the people

11:27 – ED encourages Zimbabweans to use plastic money for transactions.

11:16 – President addresses and describes the bank as the first of its kind in SADC.

10:57 – Minister Nyoni addresses and then introduces the guest of honour, President Mnangagwa.

10:51 – Local musician, Dereck Mpofu provides entertainment, singing about women empowerment.

10:47 – Dr Mangudya says he hopes the bank will charges less service charges as most women have less income.

10:40 – RBZ Governor, Dr John Mangudya addresses delegates, saying the bank seeks to empower women by proving them with access to finance and increase their income. He adds that, “We want to increase the GDP through this bank.”

10:31 – Earlier, the bank’s CEO, Mrs Mandas Marikanda explained to the President how business will be conducted to ensure that women feel at ease.

10:27 – Various women’s representatives speak about how the bank will empower them.

10:24 – Cde Chikukwa: “This is the first women’s bank in Southern Africa and I am informed that it will be offering savings and loan services for women. It will also offer financial inclusion of women.”

10:20 – The Minister of State for Harare Metropolitan Province, Cde Mirriam Chikukwa takes to the podium to give welcome remarks.

10:10 – Everyone is up for the singing of the National Anthem.

10:08 – Proceedings at the HICC begin as President Mnangagwa arrives. You can catch the live proceedings on ZBC TV right now.

09:57 – From here, delegates leave for the Harare International Conference Centre (HICC) where the President will deliver his keynote address.

09:55 – After being shown around the banking hall at the branch, Cde Mnangagwa officially opens the bank by cutting the ribbon and unveiling a plaque.

09:42 – President Mnangagwa is accompanied by the First Lady, Amai Auxillia Mnangagwa, Vice President Retired General Dr Constantino Chiwenga, the Minister of Women’s Affairs, Gender and Community Development Cde Sithembiso Nyoni and the Minister of State for Harare Province, Cde Miriam Chikukwa.

09:40 – The President arrives at the Trust Towers Building along Samora Machel Avenue in Harare, where the bank is housed.

09.28 – Today, President Emmerson Mnangagwa officially opens the Zimbabwe Women Microfinance Bank (ZWMB) in Harare.

Source: ZBC

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