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Home Business & Finance Business

Wema Bank, FG launch MOWA x SARA Accelerator to empower 500,000 Nigerian women

Rtn. Victor Ojelabi by Rtn. Victor Ojelabi
October 6, 2024
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MOWA x SARA Accelerator Programme
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The bank, through SARA, partners with the Ministry of Women Affairs to empower 500,000 Nigerian women with business and vocational skills.

[dropcap]W[/dropcap]ema Bank, through its women-focused initiative, SARA by Wema, has partnered with the Federal Ministry of Women Affairs to launch the MOWA x SARA Accelerator Programme, aimed at empowering 500,000 women across Nigeria.

Also read: Wema Bank awarded best workplace for millennials and innovation culture

This initiative will equip participants with vocational and business management skills, contributing to the nation’s economic growth and gender inclusion.

The MOWA x SARA Accelerator Programme is designed to run for 24 months and will cover all 36 states of Nigeria and the Federal Capital Territory. The programme focuses on providing women with vocational skills in food processing, fashion designing, and hairdressing, alongside business management training.

The 5-day training will include two days of soft and business skills, two days of vocational training, and a final day for assessment and evaluation.

SARA by Wema is Wema Bank’s dedicated platform to promote gender inclusion by offering women access to finance, market opportunities, healthcare, and networking.

By collaborating with key organisations like the Federal Ministry of Women Affairs, Wema Bank aims to drive meaningful change in women’s lives through initiatives like the MOWA x SARA Accelerator Programme.

Wema Bank’s Executive Director of Retail and Digital, Tunde Mabawonku, highlighted the programme’s potential to help women navigate Nigeria’s challenging economic landscape.

“At Wema Bank, we are committed to empowering women by providing tailored solutions that enable them to succeed,” Mabawonku said.

She encouraged women across the country to register for the programme and join the SARA Community to access more opportunities.

Minister for Women Affairs, Uju Kennedy-Ohanenye, expressed optimism about the partnership, stating that empowering women economically can address many gender inequality issues. “Wema Bank is ready to take on this challenge, and together we will achieve our objectives,” she said.

Also read: Wema Bank advocates for women-led SMEs at FEBWE 2024

The MOWA x SARA Accelerator Programme was officially launched at a Memorandum of Understanding (MOU) signing ceremony held on 30 September 2024 in Abuja.

Source: Read more at vanguardngr.com

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Rtn. Victor Ojelabi

Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator, who writes ruthlessly about pop culture, religion, politics and entertainment.


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