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Standard Chartered Bank Zambia has announced an expanded support to Zambian women entrepreneurs through its Women in Tech (WiT) programme.
The bank made the announcement on Monday in statement made available to Zambia Monitor.
Through this initiative, five Zambian women entrepreneurs are granted US$10,000 each as winners of the competition, designed to assist them expand their businesses using the power of technology.
In commenting on the launch of the Cohort 4 of Women In Tech Programme, the Bank’s Head of Corporate Affairs, Brand & Marketing, Christine Matambo, said: “We are excited to launch Cohort 4 of Standard Chartered Bank’s Women in Tech programme. I am even more excited to announce that we have increased the number of beneficiaries from five to six Zambian women.”
Matambo said Cohort 4 of WiT would now reward six women, who at the end of the competition walk away with US$10,000 each to expand their businesses using the power of technology.
Launched in 2020 at the height of the Covid pandemic, Women in Tech aimed to lift the participation of women in Zambia’s economy, by providing seed funding for business expansion using technology.
Since it launched, 15 Zambian women have won seed funding.
“We look forward to receiving even more applications for Cohort 4 and I have no doubt that we will see even greater innovation from our Zambian female entrepreneurs,” Matambo added.
She indicated that application window for the WiT Cohort 4 was now open and that the Bank had, once again, partnered with Bongohive to implement the programme.
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