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Innovations underway to enhance women’s financial inclusion

The Vice President, H.E Samia Suluhu Hassan delivered the keynote address at Women’s World Banking’s Making Finance Work for Women Summit, a global event held between the 24th-25th of October 2017 in Dar es Salaam. Ms. Hassan Suluhu opened the two-day program, that featured leading international experts driving the innovations in women’s financial inclusion.

Local co-host NMB Bank Plc (NMB) joined the global NGO Women’s World Banking to welcome 300 executives from the financial services, consumer products and technology industries as well as investors, philanthropists and government representatives from more than 30 countries.

Participants examined the best practices in researching, designing and delivering products to low-income women. “More than one billion women around the world do not have access to formal financial services. We are honored that Vice President Samia Hassan Suluhu joins us to welcome global leaders who are harnessing the latest technologies and innovative approaches to reaching these women,” said Mary Ellen Iskenderian, President and CEO of Women’s World Banking.

The Making Finance Work for Women Summit will feature speakers committed to reaching low-income women, including Ineke Bussemaker, CEO of NMB Bank Plc, who joined the opening plenary session. According to the most recent World Bank Global Findex data, only 17 percent of women in Tanzania have an account at a formal financial institution.

NMB and Women’s World Banking are currently working together to better understand the banking needs of women and youth throughout Tanzania and to design financial products that meet those needs.

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