The Institute for Young Women’s Development (IYWD) last week hosted a Women’s Business Boot Camp and Skillfare training to improve young women’s socio-economic standing.
The boot camp drew 20 young women and women participants from all 10 provinces.
Various stakeholders, who included officials from the Youth Empower Bank, Ministry of Women Affairs, Community, Small and Medium Enterprises (MWACSMED), Zimbabwe Microfinance Women’s Bank, and AFC Bank among others, graced the event.
Speaking during the training on Wednesday, IYWD knowledge management, documentation, and advocacy associate, Clontilda James said the training will equip the women with skills to thrive in the business world.
“This training will provide young women and women with a comprehensive set of tools to navigate the business landscape and seize diverse business opportunities. From honing entrepreneurial skills to mastering financial literacy, the WBBS is committed to empowering young women and women with the necessary knowledge and skills.”
“At the heart of this initiative lies the belief that by increasing access and control of economic resources for young women, we are not just empowering individuals; but building a more inclusive and equitable society,” said James.
Julia Mapungwana, programmes management director in the Ministry of Women Affairs said the “ Ministry of Women Affairs is dedicated to promoting women's economic empowerment, providing them with the tools and resources needed to thrive in the business world and contribute to the country's development.”
She added the ministry is implementing programmes such as the assets to finance initiative, providing affordable microcredits for business start-ups, and income-generating projects. Additionally, the Women in Business Fund offers loans at a low-interest rate of 10% per annum for women and young women in need of financial support.
- IYWD empowers women entrepreneurs
Keep Reading
Anchoring the training, Securico chief executive officer Divine Ndhlukula emphasised the importance of having a business plan and financial discipline for any business to flourish.
“Having a well-thought-out business plan and being financially disciplined are crucial aspects of any successful business. It's also important to have a good understanding of your market. As an entrepreneur, it's essential to embrace the gig economy and digital platforms while building your brand. Networking and seeking mentorship are also important. As a young woman in business, be sure to seize any opportunities that come your way,” Ndhlukula said.
Representatives from various banks that specialise in serving women and the youth including the Microfinance Women’s Bank, Youth Empower Bank, and the AFC Bank among others, engaged with young women and women on financing for women in business, challenges, opportunities, and recommendations.
Tarisai Magaya from AFC Bank assured the participants that soft loans would be available on condition they met set conditions .
“Everyone is accepted to access the loan facilities but the relationship with the bank is important and has to register first," said Magaya.
