NBE has officially introduced NEWFin, an innovative initiative aimed at reducing the gender gap in leadership roles within Ethiopia’s financial sectors to enhance women’s financial inclusion.

Developed in collaboration with the World Bank, the network seeks to increase women’s involvement in the finance sector, fostering an environment conducive to their contribution to the country’s economic growth.

The launch of NEWFin was celebrated at the NBE/Gender Innovation Lab Conference on March 28, 2024. Efforts to enhance women’s inclusivity in finance have been ongoing since the end of 2021, with the implementation of a comprehensive financial environment strategy. According to Mamo Mihretu, Governor of NBE, Ethiopia is committed to creating an inclusive financial environment that ensures equal participation and utilization by both men and women in the financial sector.