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Zimbabwe: Reserve Bank of Zimbabwe Licenses Women's Bank
The Reserve Bank of Zimbabwe (RBZ) has licensed and authorized the Women's Microfinance Bank to conduct deposit-taking microfinance business. In a statement, the Central Bank said the licensing and authorization was in line with the Microfinance Act (Chapter 24:29).
The much-awaited Women’s Bank, which is expected to be opened soon, was mooted many years ago. The bank is meant to empower women by ensuring they access money at concessionary rates.
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