Bank to support businesswomen inaugurated in Mozambique

4 October 2013

The “Mulher Caixa de Poupança e de Crédito” bank, the first bank focused on businesswomen in Mozambique was inaugurated Wednesday in the city of Matola, Maputo province, Mozambican news agency AIM reported.

The agency said it was the first financial institution focused on financial solutions for the needs of businesswomen.

Board advisor Natividade Bule said that the new financial institution was the result of a partnership between women’s organisation “Ntamu”, and Gapi, a financial institution focused on development.

“The initiative is intended to serve and give priority to the businesses of women in the country, to attract their savings and make salary and pension payments, in order to promote greater financial inclusion,” said Bule. (macauhub)