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Monday 6 March 2023

EXIM BANK LAUNCHES "SUPA WOMAN" - A BANKING PRODUCT TARGETING WOMEN

Arusha Regional Commissioner (RC), John Mongella (fifth right) announces the official launch of Exim Bank Tanzania women-based product dubbed 'Supa Woman', a transformative program designed to unlock the potential of women in the country. The RC launched the product in Arusha over the weekend as he was officiating at the opening of the 2nd Edition of The African Business Women and Youth Trade Fair and Summit 2023 held in the region. Others include senior leaders of the Tanzania Women Empowerment Network (TAWEN), the East African Business Council (EABC) and the bank's staff.

Arusha: March 5, 2023; Exim Bank Tanzania has launched a women-based product dubbed 'Supa Woman', a transformative program designed to unlock the potential of women in the country.

The Program aims to equip women with business skills, offer them mentoring, expose them to networks, provide them with access to capital and equip them with the tools they need to succeed.

The product launch ceremony was held in Arusha region over the weekend led by the Region’s Commissioner, John Mongella as he was officiating at the opening of the 2nd Edition of The African Business Women and Youth Trade Fair and Summit 2023, themed: “Strengthening African Women and Youth Businesses for a sustainable tomorrow”.

Commenting on the bank’s product, Mongella said it goes in line with the government's call that encourages financial institutions in the country to develop various services and products that aim to support the vast majority of women economically.

"It is a satisfactory move for the government to see that the financial institutions in the country continue to respond to the call made every day by our senior leaders, including the Honorable President Mama Samia Suluhu who has been encouraging the financial institutions in the country to keep on being closer to women and youths in the country,’’

"Exim’s ‘Supa Woman account’ is a correct response to the government's call... I congratulate the bank and urge all women to respond to it positively," said RC Mongella.

Earlier, speaking at the conference that was organized by the Tanzania Women Empowerment Network (TAWEN) in collaboration with the East African Business Council (EABC) with the purpose of promoting the participation of women and youth in trade, Exim bank’s Board Director Ms. Irene Mlola said the event provided the bank with an opportunity to meet its key stakeholders adding that women empowerment remain the bank's important pillar of economic development plans.

The bank was one of the biggest sponsors of the conference.

"At Exim, we believe that real economic prosperity can be achieved more easily by investing in women. Women empowerment and entrepreneurship is increasingly viewed as a fundamental argument in economic growth and that is why Exim has come up with the ‘Supa Woman’ product aiming to support the right perspective.'' she said.

Speaking about the product, Exim Bank's Head of Branch Network , Agnes Kaganda said that it aims to facilitate the running of business among businesswomen in the country by enabling them to save easily, receive payments through digital means and connect the group with various business opportunities including friendly loans according to their business.

"In addition to our sincere commitment to be closer to women, the new product is a response to the opinions and suggestions that we have been receiving from our various stakeholders, including our female customers who really have big ambitions of success in their business. We saw that we have a responsibility which is to go along with them in achieving their goals,'' he said.

Speaking about the five-day conference and exhibition, the Chief Executive Officer of TAWEN, Ms. Florence Masunga, in addition to congratulating the government on the way it is increasingly opening various opportunities for women and youth in the country, she asked the government to deal with the challenges resulted from bureaucracy among some of the government bodies and agencies as it hinders the efforts of women in running their businesses.

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