“These women are quietly, behind the scenes, creating an impact for their organizations and in turn shaping the financial sector. They have certainly earned the recognition and we congratulate them for their accomplishments. I often am asked ‘where are the women,’ when it comes to board appointments. Considering the financial sector employs thousands of women, we recognize that this list is not exhaustive, but it is a start in showcasing the many women who are ready and able to serve.Board diversity includes gender, age, tribe, race, culture and professional backgrounds, and research and analysis has proven that firm performance improves with a well-constituted and diverse board. Moreover, financial sector experience is an advantageous skillset for any board. We need to move away from board recruitment practices that entrench cronyism, tribalism and nepotism. Listed companies in Africa are encouraged to continue making an effort to recruit transparently and from the many databases that will help introduce boards to new names and fresh perspectives. The Angaza list is a good place to start!"
"The inaugural Angaza Awards is a testament of how important it is to acknowledge the role that women play in the banking and financial services industry. Increasing gender diversity on boards is associated with stronger financial outcomes, stability and greater focus on transparency and ethics. Regulators, sector businesses and Fintechs need to improve the representation of women in leadership positions. As new market entrants, Fintechs should be encouraged to take a lead in this area,"
The Award Secretariat also announced that the 2021 Award will invite applications from across Africa with the Call for Entry period opening in October 2021. Follow @AngazaAwards on Twitter for updates and more information on the award program.