NBE unveils network for women in finance sector

Addis Ababa, March 28, 2024 (FBC) – The National Bank of Ethiopia (NBE) has launched today the Network of Ethiopia’s Women in Finance (NEWFin), a pioneering initiative designed to bridge the gender gap in leadership within Ethiopia’s financial sector.

The network is also anticipated to foster women’s financial inclusion in the sector.

NEWFin is set to transform the landscape of the Ethiopian financial industry by empowering women to ascend to leadership roles, thereby driving gender equality and economic growth.

Announcing the official launch of the network at the opening of the National Conference on Making the Financial Sector Work for Women, Governor of NBE Mamo Mihretu said the initiative is a commitment to empowering women in a sustainable manner.

NEWFin will reduce the gender gap within the financial sector at the national level, the governor further noted.

Mamo added that the National Bank of Ethiopia would address the underrepresentation of women in leadership positions through the network and attain the goal of enhancing women’s financial inclusion.

The network reportedly envisions a financial industry that empowers women, enabling them to thrive as leaders, and activity promotes gender equality.

Moreover, its mission is centered on avoiding the barriers that impede women’s progress within the financial sector.

NEWFin is dedicated to providing avenues for achieving work-life balance, challenging societal norms and fostering mentorship and coaching connections ensuring that women have the support and opportunities needed to succeed, as per ENA.