RBZ Deputy Governor urges youth to embrace financial inclusion and innovation

The Deputy Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Innocent Matshe has called on young Zimbabweans to actively participate in the formal financial system and leverage innovation to drive business growth and national development.

Speaking at the Youth in Business Forum 2026, Dr Matshe emphasised that financial inclusion remains a critical pillar in empowering young entrepreneurs.

He said while Zimbabwe has made notable progress in financial inclusion, significant gaps still exist particularly among young people in rural areas and informal sectors.

“Financial inclusion is not just about access but about the effective use of financial services,” he said.

“When young people are included they are better positioned to save, invest, formalise their enterprises and contribute meaningfully to economic growth.”

Dr Matshe revealed that financial inclusion among youth has risen significantly in recent years but urged stakeholders to aim higher and close remaining gaps.

He noted that barriers such as lack of credit history, limited collateral and digital infrastructure challenges continue to hinder youth participation in the financial sector.

To address these challenges, the RBZ has introduced several key initiatives.

Among them is the Credit Registry which enables young people to build financial track records, improving their chances of accessing loans.

He also highlighted the Collateral Registry System which allows borrowers to use movable assets such as equipment, vehicles and agricultural tools to secure financing.

“This innovation has transformed access to credit, opening doors for young entrepreneurs who previously struggled due to lack of traditional collateral,” he said.

Dr Matshe further encouraged youths to take advantage of Micro, Small and Medium Enterprises (MSME) credit guarantee schemes which reduce lending risks for financial institutions and make it easier for young entrepreneurs to access funding without stringent collateral requirements.

Highlighting the role of technology, Dr Matshe said digital innovation is reshaping access to finance.

The Deputy Governor pointed to innovation hubs and incubation programmes supported by the central bank and universities as critical platforms for nurturing youth-driven solutions.

“The future of our economy lies in how effectively we invest in and empower young people,” he said.

“Youth must be bold, think outside the box, and take full advantage of the financial tools and opportunities available to them.”