Throughout March, Equity Bank has honoured women nationwide with a series of events designed to empower women in small-scale businesses. Aligned with the International Women’s Day theme, "Invest in Women; Accelerate Progress," the bank has prioritized support for women, particularly in the micro-segment.

The events, named "Abakyala ku Ntikko," feature motivational speakers, financial literacy workshops, and exhibitions highlighting products from women customers backed by the bank. Starting in Kampala on March 6, the events continued to Fort Portal City, Mbale and Gulu, and will conclude in Hoima district on April 12.

Elizabeth Mwerinde Kasedde, Equity Bank's Executive Director for Public Sector and Social Investments, stressed the significance of financial independence for women. She pointed out the challenges women encounter in financial management due to multiple responsibilities and systemic barriers, including gender discrimination.

To address these challenges, Equity Bank has introduced tailored products like the Equi-mama suite. This suite offers personalized financial planning, investment advice, insurance coverage, and free financial literacy training for women’s savings and cooperative groups. It also provides access to unsecured financing, mentorship, and networking opportunities for women.  

The Equi-mama suite also includes medical insurance specifically for women, covering maternal health, long-term illness, permanent disability, and life insurance, a first on the market for women in the informal sector.

Mwerinde highlighted the event's goal to offer a platform for women to learn about financial management in business, record-keeping, accounting, and networking. She said, "Equity Bank's commitment to empowering women reflects its dedication to transforming lives, giving dignity, and expanding opportunities for wealth creation."

According to UBOS statistics, nearly 40% of small and medium-sized enterprises in Uganda are owned by women. These businesses employ millions and support numerous households.

Laura Bahemuka, Head of Micro Segments at Equity Bank, emphasized the bank's focus on women's welfare and economic independence. "If you want to transform lives, you support the women," Bahemuka stated, adding that free financial literacy training has become mandatory for both youth and women. To date, over 450,000 women and youth have received training in financial management.

In celebration of Women's Month, Equity Bank also recognized women customers in various regions during the "Abakyala Ku Ntikko" events. These awards acknowledge their support, consistent saving habits, and responsible credit usage. The awards aim to inspire women to maintain financial discipline as they pursue financial independence.