Thursday, May 15, 2025

ZWMB Unveils Digital Platform to Boost Women Entrepreneurs

A life changing occurrance took place on Thursday, February 27, 2025, at Monomotapa Hotel in Harare when the Women’s Microfinance Bank (ZWMB) took a major step towards financial inclusion and economic empowerment for women by launching allWomen.co.zw, a digital platform designed to support female entrepreneurs.

The event, backed by UN Women which was represented by Mr Simba Moyo, was attended by key business people, Members of Parliament Daniel Mulokeli and Juliana Makivire, Councillor Sandra Ndebele, and members of Young Women 4ED, and more key stakeholders.

Addressing the audience, ZWMB CEO Dr. Mandas Marikanda spoke about the bank’s commitment to transforming women’s economic opportunities. “We have built a legacy of resilience, innovation, and dedication,” she stated, emphasizing how the bank’s tailored financial solutions have helped women-led businesses thrive.

Under her leadership, ZWMB has expanded its reach, equipping women with the tools to overcome financial barriers and take advantage of new opportunities.

The newly launched allWomen.co.zwplatform is set to revolutionize the business landscape by providing women entrepreneurs with essential digital tools. The platform features:
A central MSME database to facilitate networking and funding opportunities.
An integrated retail payment system for seamless financial transactions.
An online marketplace connecting female entrepreneurs with buyers.
A 25% MSME quota to ensure women have better access to business opportunities.
Support for digital storefronts and social media marketing helping women expand their reach.
This initiative aligns with ZWMB’s Open Space Strategy, a collaborative effort involving Co-ops Africa and government agencies to enhance financial accessibility for women. Representatives from the Reserve Bank of Zimbabwe, UN Women, and Co-ops Africa expressed their support for the platform, recognizing its potential to drive economic transformation.
ZWMB Unveils Digital Platform to Boost Women Entrepreneurs
Zororo Taruvinga
Co-ops Africa’s Zororo Taruvinga described the platform as a catalyst for digital transformation and financial independence. She commended the Zimbabwean government and the Ministry of Women’s Affairs for fostering an enabling environment for women entrepreneurs.
ZWMB Board Chair Ms. Kanyongo and Vice Chair Mrs. Mapungwana reinforced the importance of continued development and mentorship for women in business.
The launch of allWomen.co.zwis a technological advancement that signifies a paradigm shift in how women engage in business. With strong leadership, strategic partnerships, and a clear vision, ZWMB is setting a new benchmark for women’s financial empowerment in Africa.
Attendees left the event inspired, viewing the platform as a crucial tool for long-term economic resilience and a model for digital innovation across the continent.
Comparing this Initiative with Global Programs The Zimbabwe Women’s Microfinance Bank (ZWMB) initiative is a significant step towards empowering women entrepreneurs, and it shares similarities with other women empowerment programs globally. Here are some comparisons:
Digital Tools and Platforms: Like ZWMB’s allWomen.co.zw, many global initiatives focus on providing digital tools to women. For instance, the Global Fund for Women supports initiatives that advance women’s rights and gender equality worldwide.
Financial Inclusion: ZWMB’s focus on financial inclusion is mirrored by programs like Stand4Sisterhood, which offers workshops, mentorship programs, and community-building initiatives to help women achieve their personal and professional goals.
Economic Independence: Similar to ZWMB’s efforts, organizations like Dress for Success Pittsburgh provide professional attire, career coaching, and a supportive network to help women achieve economic independence.
Education and Training: Programs like Malaika in the Democratic Republic of Congo focus on transforming communities through education and empowerment, providing essential resources like free schooling for girls and clean water initiatives.
Support for MSMEs: ZWMB’s platform includes a central MSME database and an online marketplace, which is comparable to the support provided by Project DIVA International, which focuses on empowering young women through mentorship and financial literacy training.

Overall, ZWMB’s initiative aligns with global trends in women empowerment by leveraging digital tools, promoting financial inclusion, and supporting economic independence. These efforts collectively contribute to creating a more equitable and inclusive society for women.

 

ZWMB Unveils Digital Platform to Boost Women Entrepreneurs
ZWMB Deputy board Chairperson Mrs Mapungwana

Digital platforms are becoming essential tools for business growth and connectivity, enabling easier access to resources, markets, and networks. Initiatives like this set a precedent and can inspire similar programs around the world to leverage technology for empowering women economically.

It’s exciting to see such innovative steps being taken to foster economic independence and growth for women in Zimbabwe.

The allWomen.co.zw digital platform offers numerous benefits to women entrepreneurs, aligning with global trends and fostering an environment for growth and innovation. Here are some of the key expected benefits:

Enhanced Networking Opportunities: The central MSME database helps women entrepreneurs connect with potential partners, investors, and mentors, fostering collaboration and growth.

Improved Financial Transactions: The integrated retail payment system streamlines financial transactions, making it easier for women to manage their business finances efficiently.

Increased Market Access: The online marketplace provides a platform for female entrepreneurs to showcase their products and services, connecting them with a broader customer base.

Access to Funding Opportunities: The MSME quota ensures that women have better access to business opportunities and funding, which can help them scale their enterprises.

Support for Digital Presence: Assistance with digital storefronts and social media marketing enables women to expand their reach and visibility, attracting more customers and growing their businesses.

Economic Empowerment: By providing the necessary tools and resources, the platform empowers women to overcome financial barriers and seize new economic opportunities.

Capacity Building: The platform offers support for ongoing development and mentorship, helping women enhance their skills and knowledge to succeed in the business world.

Alignment with Strategic Partnerships: Collaboration with organizations like Co-ops Africa and government agencies enhances financial accessibility and creates a supportive ecosystem for women entrepreneurs.

Digital Transformation: The platform acts as a catalyst for digital transformation, enabling women to leverage technology for business growth and innovation.

Overally this platform is poised to create a supportive and enabling environment for women entrepreneurs in Zimbabwe, driving economic resilience and digital innovation.

ZWMB Unveils Digital Platform to Boost Women EntrepreneursCollaborations can be incredibly powerful in fostering innovation and expansion. By bringing together diverse perspectives and expertise, women entrepreneurs can gain valuable insights and ideas that drive growth by:

Gaining access to New Markets: Collaborating with other businesses or organizations can help women entrepreneurs reach new customer bases and expand their market presence.

Resource Sharing: Partnerships can provide access to shared resources, such as funding, technology, and expertise, which can be crucial for business growth.

Innovation and Creativity: Working with others can spark new ideas and innovative solutions that may not have been discovered independently.

Networking Opportunities: Collaborations often lead to expanded networks, connecting women entrepreneurs with potential investors, mentors, and industry leaders.

Enhanced Skills and Knowledge: Through partnerships, women can learn new skills and gain knowledge from their collaborators, enhancing their own capabilities.

Increased Visibility: Collaborating with well-known brands or organizations can boost the visibility and credibility of women-led businesses.

Supportive Community: Building a network of collaborators creates a supportive community where women entrepreneurs can share experiences, challenges, and successes.

Cross-Promotion: Collaborators can engage in cross-promotion, helping each other’s businesses reach a wider audience through combined marketing efforts.

The allWomen.co.zwplatform seems well-positioned to facilitate these kinds of collaborations, creating a dynamic ecosystem where women entrepreneurs can thrive and innovate together. It’s truly inspiring to see such initiatives taking shape.

 

Zandile Ndlovu was the MC

Related Articles

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles