HomeBusinessRwanda’s women lead finance boards, but promotion gap threatens future CEOs

Rwanda’s women lead finance boards, but promotion gap threatens future CEOs

Rwanda has emerged as one of the world’s strongest performers in women’s representation in financial sector leadership, surpassing global averages for female board members, chief executives and senior executives, but a new study warns that weaknesses in the leadership pipeline could threaten future progress.

The findings, released on Tuesday by the National Bank of Rwanda (NBR), Access to Finance Rwanda (AFR), and the Women in Finance Rwanda Foundation (WIFR), show that women occupy 39 percent of board seats and 39 percent of CEO or managing director positions across Rwanda’s financial services industry. Women also account for 35 percent of executive committee roles.

The figures place Rwanda well ahead of global averages, where women hold 28 percent of board seats, only nine percent of CEO positions, and 23 percent of executive committee roles.

Read also: Women in Leadership Summit Charts Course for Institutional Change in Corporate Nigeria

The study, conducted by consulting

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