Taarifa Rwanda

Rwandan Women Still Saving Less Than Men – Central Bank


Despite Rwanda’s credit for closing a gender in all aspects of life, the central Bank of Rwanda says the country is still among those that have the biggest gender gap in savings, where males account for 14% and females 11% of bank savings.

This was revealed on Thursday evening by Monique Nsanzabaganwa, the Deputy Governor of the Central bank of Rwanda during a monthly gathering organised by Carrier Women’s Networking of Kigali (CWNK).

Under the theme: “Women and Money,” women from different career backgrounds exchanged ideas on women relationship to money and welfare of the Rwandan family.

Discussions were led by a panel composed of Monique Nsanzabaganwa, Edigold Monday, the Managing Director of Crane Bank and Bank of Kigali CEO Dr. Diane Karusisi.

The panel dissected womens’ responsibilities over family expenditures, emphasising the need to always make savings and dealing with shopping addictions that are largely associated with females.

“When money comes our way, we struggle to fit into someone else’s shoes, without asking for more,” Nsanzabaganwa observed.

They called for women to be brave enough and confront major challenges including opportunities which the society has for so long denied them.

Crane Bank’s MD, Edigold Monday warned women against living beyond their means, advising them on usage of money management tools such excel sheet and instilling saving discipline in their children.

CWNK is membership group founded by Lucy Schalkwilik, who doubles as chairperson. It aims aims at increasing women interactions on self empowerment in Rwanda.

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