How are young people in Africa saving and spending money during COVID-19, when many of their previous sources of income have disappeared? Mahlet Alemayehu at L-IFT shares the results of a study in which 117 young people living in Nigeria kept a record of their savings and spending over several months. The data can help financial service providers anticipate how young people will need to use their accounts, and determine what other services they may need as they navigate the challenges of the pandemic.
To achieve universal access to clean water and sanitation by 2030, the world will need to quadruple spending to $150 billion per year. Given this financing gap, every investment in clean water counts. Yet according to Chris Prottas at the Water Trust, an estimated one out of three rural water points are broken across Sub-Saharan Africa, and the traditional community-led maintenance approach isn't working. He explores a promising solution: adapting the savings group model to provide sustainable water access.
Can Africa Really ‘Build Back Better’? How Financial Inclusion Must Evolve To Enable a COVID-19 Recovery
Sub-Saharan Africa has long been one of the financial inclusion sector’s top success stories. But according to David Ferrand, the former director of FSD Kenya, the overall impact of that newfound financial access has been disappointing. In this Q&A, he discusses the current challenges and future outlook of sub-Saharan Africa’s financial sector – and how financial inclusion players can help the region emerge stronger after COVID-19 subsides.
Optimizing Incremental Building: Why the Answer To Decent, Affordable Housing for All Is Hidden in Plain Sight
The scale of the global housing challenge is enormous, with an estimated 1.6 billion people worldwide lacking adequate shelter. As a huge percentage of homebuilders around the world build incrementally, analysts at Habitat for Humanity’s Terwilliger Center for Innovation in Shelter explore how optimizing the incremental building process could present an effective solution.
Beyond the ‘Public vs. Private’ Debate in Global Education: Helping the Schools That Serve the World’s Neediest Children Survive COVID-19
COVID-19 is preventing low-fee private schools from serving the estimated 258 million children who lack access to education. And according to Irene D. Pritzker at IDP Foundation, these “mom and pop” schools lack access to the resources that could help them survive the pandemic. She urges the development sector to support them – and in the process, to move past outdated debates about public versus private schools in emerging countries.