DAR ES SALAAM, Oct. 31 -- ONLY 12 percent of Tanzanian women own or uses bank accounts and only 35 percent hold managerial positions in financial institutions.

The Tanzania and Burundi representative of the International Finance Corporation (IFC), Mr Frank Ajilore said on Wedsneday 13 percent of women are members in boards of directors.

IFC is a member of the World Bank group in Dar es Salaam.

According to Mr Ajilore, IFC is committed to help Tanzania's financial sector to implement gender-Smart solutions for equal men and women participation, which is crucial for economic development and job creation.

"To achieve gender parity, IFC launched a program dubbed Finance2Equal Tanzania program which has been seven financial Institutions' CEO...