Corporate governance in microfinance in Zimbabwe

On January 6 this year, the registrar of Microfinance Institutions (hereinafter ‘the registrar’) released a Press statement highlighting that following an onsite examination of the Zimbabwe Women’s Microfinance Bank Limited in December 2022, corporate governance weaknesses were identified at the institution.

This is not the only institution that has been found wanting in corporate governance practices in Zimbabwe’s microfinance sector.

In fact, in years past, a number of microfinance institutions have had their licenses withdrawn for failure to adhere to sound corporate governance.

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