Sign In or Register | Monday, August 10, 2020
kunlunsf,   8/6/2009 3:23:45 AM Add kunlunsf as a Friend | Send Message
Lagos, Nigeria See Profile
Tanzania Launches Bank For Women

Tanzania has launched a bank aimed specifically at women in what officials say will be an empowering move.

The bank says women need only an ID card or passport to open an account, unlike other banks which require title deeds or other proofs of wealth.

And applicants need only 3,000 Tanzanian shillings ($2) in savings - much less than other banks.

Although the bank, which is based in Dar es Salaam, targets women with its services, men can also open accounts.

The bank's management says it will give women expert help and advice.

'Too shy'

Margareth Mattaba Chacha, the managing director, said: "We know some women hesitate to come forward - they are too shy and think they don't know anything.

"But here we're going to have a big group of professionals to take women through step-by-step until we really reach our women."

The BBC's Zuhura Yunus, in Dar es Salaam, says 110 people had opened accounts at the Tanzania Women's Bank by the end of the morning.

Officials hope there will be 200 more people coming in every day and say the Dar es Salaam branch is just the beginning of a countrywide network.

Margaret Sitta, Minister of Community Development, Gender and Children, said the bank would empower women, but stressed that the accounts were open to all.

Source: BBC
Bookmark and Share Email Email to Friends Print Print
Please Sign In  or Register  to post a comment.

Facebook Twitter YouTube Instagram Linkedin African Music
Most Popular

Post a New Story from your Account, then Vote for it Here by clicking Push
Latest Forums
Latest Polls
    Nigeria    Kenya    
South Africa    Ghana    
Egypt    Ethiopia    Zimbabwe    Uganda    Tanzania    
Africa    Kenya a Hot bed of Investments    Test    Pope Francis On Safari In Kenya    Malawi    Sudan    The 2nd Pan-African Cultural Festival Photos    Tunisia    2010 World Cup Draw: Which Country Has the Hottest Fans?    Somalia    
Site Map | Help | Send Feedback | Contact us | User Agreement | Privacy | About us | Advertise
Copyright © 2020-2022 Africa Updates Inc. All rights reserved