Financial Inclusion in Africa To Be Boosted Following Launch Of This New Fund
By Lorine Towett
Recently, African countries have been experiencing positive developments in access to financial services. With the deepening of the financial sector, more financial services is provided to individuals and enterprises. Likewise, emerging technologies such as mobile money have helped broaden access to financial services, including savings and payment products.
Despite having undergone extensive financial sector reforms coupled with technological advancements for close to two decades, the financial systems of many African countries still remain under-developed compared to other developing economies.
Photo courtesy of Erik (HASH) Hersman.