ZWMB on brink of closure

A PARLIAMENTARY report has shown that the Zimbabwe Women’s Microfinance Bank (ZWMB) is on the brink of closure as it is failing to meet a capital requirement of US$5 million set by banking authorities.

The report by the Parliamentary Portfolio Committee on Women Affairs, Community Development and Small and Medium Enterprises says the bank should meet the legal requirements by December 31, 2022.

“A key institutional driver to the inclusion of and women’s economic empowerment is the ZWMB.

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