The Uganda Bankers Association highlights the disparity in gender representation within the banking sector, noting that while women make up the majority of employees, they are significantly underrepresented in top leadership roles.
Sarah Arapta, the outgoing chairperson of the Uganda Bankers Association, points out that although over 51% of banking sector employees are women, only a small percentage hold top leadership positions. This discrepancy becomes more evident as one moves up the leadership hierarchy.
Arapta emphasizes the pressing need to bridge the gender gap in leadership positions, citing statistics that reveal only 24% of women hold chief executive roles and 31% are part of management committees.
She stresses the importance of addressing broader issues of gender inclusivity and empowerment to facilitate women’s career progression.
Empowering women for success
The annual Women Economic Empowerment Forum, as highlighted by Arapta, serves as a platform to equip women with the skills and confidence needed to advance into higher leadership roles. By fostering collaboration and networking opportunities, the forum aims to empower women to overcome societal barriers and excel in their careers.
Anne Juuko, a prominent figure in Uganda’s banking industry, underscores the significance of bridging the skills gap for women.
She emphasizes that true success stems from the value one adds and the knowledge one possesses, rather than mere appearances. Juuko advocates for concrete actions to empower women and ensure their meaningful participation in leadership positions.
This year’s Women Economic Empowerment Forum centered on ‘Accelerating female leadership for gender-inclusive financial services,’ highlighting the collective effort needed to promote gender equality and empower women to lead effectively in the banking sector.
