RISING WOMAN 2025: Mary Stephen Mniwasa: Empowering next generation of women leaders in law, finance, governance

Dar es Salaam. Mary Stephen Mniwasa, a corporate and banking law expert, has played a crucial role in shaping Tanzania’s financial sector.

Her expertise in market regulations has strengthened East Africa’s capital markets, paving the way for economic growth and inclusivity.

Passionate about empowering young women, she believes that education, mentorship, and networking are key to unlocking leadership potential in law, finance, and corporate governance.

“Workshops and seminars in schools and universities are effective tools to raise awareness about career opportunities,” she says.

Mniwasa who is Chief Legal Counsel for the Dar es Salaam Stock Exchange (DSE), Mary Mniwasa further highlights mentorship as a powerful approach, urging the establishment of programmes that pair young women with experienced professionals.

“Creating networking platforms and support groups allows women to share experiences and access new opportunities,” she adds.

Beyond mentorship, she stresses the need for skills development through internships, scholarships, and financial support.

Community engagement is also crucial in shifting societal perceptions that limit women’s career advancement.

However, despite the progress made, women in leadership still face significant challenges, including gender bias and societal expectations.

“Women are often perceived as less competent or authoritative than their male counterparts. Balancing professional responsibilities with family obligations can be challenging due to societal norms,” Ms Mniwasa explains.

She points to the lack of access to professional networks, mentorship, pay disparities, and underrepresentation in executive roles as additional hurdles.

“Many women experience imposter syndrome or hesitate to negotiate for higher positions and salaries. The absence of female role models in leadership further discourages aspiring young women,” she says.

To break these barriers, Ms Mniwasa advocates for diversity and inclusion training in workplaces, flexible work policies, and leadership coaching programs.

“Encouraging mentorship and hosting women-focused networking events can create a supportive environment for women to thrive,” she asserts.

For young women aspiring to leadership, she underscores the importance of skill development and role modelling.

“Mentors provide guidance on professional skills, leadership strategies, and confidence building. Organizations like Mentor Her Tanzania pair young women with experienced female leaders to offer career advice and support,” she notes.

Visibility is another critical aspect of leadership development.

“Seeing successful women in leadership inspires young women to follow similar paths. Initiatives like Women In Management Africa (WIMA) connect young professionals with established female leaders in business and politics,” she explains.

Likewise, networking groups such as the Tanzania Women Lawyers Association (TAWLA) and Women in Technology Tanzania (WiTT) provide platforms for women to exchange ideas, collaborate, and access job opportunities.

Ms Mniwasa encourages women to embrace continuous learning, build strong networks, and enhance communication skills.

“Attending leadership workshops, joining professional groups, and engaging with role models help women strengthen their leadership capabilities,” she advises.

She also highlights the importance of emotional intelligence in building strong relationships and inspiring teams.

“Step out of your comfort zone, take calculated risks, and practice self-affirmation,” she urges.

For those facing societal barriers, Ms Mniwasa has a simple but powerful message: know your worth.

“Advocate for yourself when it comes to promotions, raises, and career opportunities. Stay current with industry trends and continuously develop new skills,” she advises.

Recognizing personal milestones, no matter how small, is also key to maintaining motivation.

“Your career should align with your passions and values. Authenticity will help you build a fulfilling and meaningful professional journey,” she concludes.

As Tanzania continues to progress toward gender equity in leadership, Mniwasa’s insights serve as a roadmap for aspiring female leaders navigating the corporate world.

With the right support, policies, and determination, the next generation of women leaders can break barriers and redefine leadership across industries.

Supported by Bill & Melinda Gates Foundation