Gulf African Bank (GAB) has signed a 3-year Memorandum of Understanding with Women on Boards Network (WOBN), to boost economic inclusion and empowerment of women.
The two have committed to work together in capacity building for women professionals and entrepreneurs, as well as linking women in business to financial services.
Speaking during the sign off ceremony, Gulf African Bank’s Managing Director Abdalla Abdulkhalik noted that having a diverse board helps widen the talent pool, which leads to better decision making.
“This partnership will provide the much needed impetus that will help us entrench diversity in our culture and operations going forward.” He said.
According to Women on Boards Network co-founder Catherine Musakali, promotion of women’s opportunities in organizations is an important way of leading by example in the facet of institutional development of women and encouraging many more to take up leadership positions.
The partnership will see GAB and WOBN establish a program of collaboration in areas such as organizing of training programs & forums as well as skills and knowledge transfer to the benefit of women in the economic space.
Gulf African Bank has a long standing commitment towards women inclusion in the financial sector as a signatory of the UN Women WEP (Women Empowerment Principles) as a promoter of enterprise development, supply chain and marketing practices that empower women.