By Modupe Gbadeyanka
A Nigerian lender, Access Bank Plc, has re-introduced its W Initiative in Zambia and Botswana in a bid to reinforce its dedication to advancing women’s empowerment across Southern Africa.
The scheme aims to provide financial services for women by offering customised solutions such as savings and investment products, business loans, and mentorship programs.
In addition to these services, the initiative also promotes financial literacy and provides opportunities for professional growth.
The W Initiative offers a wide array of financial services and support programmes for women and it is a key component of Access Bank’s broader strategy to drive financial inclusion and foster socio-economic growth in the region.
At an event to relaunch the initiative in Zambia, the Deputy Managing Director of Access Bank, Ms Chizoma Okoli, said, “Empowering women is a cornerstone of Access Bank’s mission to drive economic growth across Africa.
“Through the W Initiative, we aim to provide tailored financial solutions while also fostering environments that encourage women to thrive in all areas of life – whether as business owners, professionals, or leaders in their communities.”
During talks with key stakeholders, including Vice President of Zambia, Mrs W.K. Mutala Nalumango, Access Bank Zambia pledged a donation of K500,000 towards nutritional programs in the Vice President’s office.
“It is crucial for women to recognise the value they bring to the table and to be vocal about their accomplishments,” she stated. She also emphasised the importance of self-promotion and self-advocacy, particularly for women and girls, while commending Access Bank’s efforts to support women through initiatives like the W Initiative,” Mrs Nalumango stated.
At a similar event in Botswana, the Managing Director of Access Bank Botswana, Mr Sheperd Aisam, described the scheme as a “transformative platform” offering tailored financial products and services that cater to the unique needs of women.
The initiative in Botswana will introduce solutions such as vacation, health, and educational loans, as well as high-interest savings accounts designed for long-term wealth building.
“We are proud to launch the W Initiative in Botswana, which is designed not only to provide financial products but also to equip women with the tools, resources, and networks they need to achieve personal and professional success,” said Aisam.