East Africa region slips in financial inclusion

Wednesday, December 12, 2018

By Mnaku Mbani

East African countries have dropped in the Economic Intelligence Unit’s global survey on financial inclusion.

The 2018 Global Microscope provides a unique insight into the leading practices that governments and regulators are adopting to channel the digital revolution of financial services into greater levels of financial inclusion.

Tanzania has dropped from first in 2016 to second currently among East African Community (EAC) member states, with Rwanda climbing from third to first. Kenya, which was second in 2016, has dropped to third.

Globally, Uganda and Kenya have dropped sharply among the 55 surveyed countries, the report shows.

Photo courtesy of Internews Europe.

Source: The Citizen Tanzania (link opens in a new window)

financial inclusion, fintech