Rwanda on inclusive path to drive gender equity in economic management of country

Rwanda has taken progressive steps towards gender inclusivity in economic management as the country appointed its first female Governor in the 60-year history of the central bank. Soraya Munyana Hakuziyaremye, the trailblazing Governor, shared insights on her appointment and the country's commitment to gender equality in a recent interview with CNBC Africa's Aby Agina. Munyana emphasized that her appointment was not just a milestone for her personally but a reflection of Rwanda's deliberate efforts over the past 30 years to provide equal opportunities for men and women in various sectors. She highlighted the importance of equipping girls and women with necessary skills to excel in their chosen fields. As the head of the central bank, Munyana outlined the institution's vision of becoming a world-class entity focused on maintaining macroeconomic stability and embracing technological innovations. The bank has already embarked on a digital transformation strategy to enhance efficiency and stay abreast of technological advancements in the financial sector. Munyana also emphasized the importance of financial sector development and inclusion, noting the significant progress Rwanda has made in achieving financial inclusion among its populace. The country has witnessed a remarkable increase in access to formal financial services, with 92% of Rwandans now having such access compared to just 21% in 2008. Furthermore, Munyana discussed the bank's commitment to addressing climate-related risks and promoting sustainable economic growth. By acquiring knowledge on climate risks, conducting research, and collaborating with the financial ecosystem, the central bank aims to pioneer adaptation strategies in response to the impact of climate change. Munyana highlighted the importance of investing in capacity development for the bank's workforce and fostering partnerships with renowned central banks globally to enhance knowledge sharing and best practices. The Governor's journey to leadership exemplifies Rwanda's broader commitment to gender inclusivity, with the country being a pioneer in championing women in leadership positions across various sectors. Rwanda's progressive policies and initiatives have facilitated a conducive environment for women to rise to leadership roles. Munyana noted the significant representation of women in political and economic spheres in Rwanda, with the country maintaining high levels of gender parity in governance and corporate leadership. While acknowledging the progress made, Munyana highlighted the need to ensure a sustainable pipeline of women leaders to maintain inclusivity and diversity in leadership positions. She emphasized the importance of addressing societal gender norms, discrimination, and investing in women's capacity building to prepare them for leadership roles. Rwanda's success in promoting gender inclusivity serves as a model for other African countries, positioning the nation as a trailblazer in advancing women's participation in economic management and leadership.