OPINION | Francis Lutalo | Access to financial services, has increased in recent years thanks to the eruption of mobile money. Between its introduction in 2011 to date, more than 10 million accounts have been created far outstripping the banking sector’s numbers. As a result, according to a survey by the …
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COMMENT | Andrew Kabeera | The future of financial inclusion in this country and across the world will depend squarely on how the financial industry can collect data from the millions of people who need financial services efficiently and effectively. In the last year, we at Post Bank have had the honor …
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Kampala, Uganda | THE INDEPENDENT | The Indian government will contribute US$2 million to the Africa Digital Financial Inclusion Facility (ADFI) housed and managed by the African Development Bank to help break down barriers to the growth and uptake of digital financial solutions and accelerate financial inclusion in Africa. Manisha Sinha, …
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Kampala, Uganda | THE INDEPENDENT | Ecobank Kenya, part of Ecobank Group, the leading pan-African banking Group, has announced the launch of the Fingo Africa app, which is set to revolutionize financial inclusion for young people in Kenya and across Africa. The app was developed in close collaboration between Fingo Africa, …
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Kampala, Uganda | THE INDEPENDENT | Finance experts have said that having people financially included must come with their ability to manage shocks, invest, and have better health. Financial inclusion refers to products or services that are either financial or non-financial made accessible to poor populations to aid their financial …
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COMMENT: Colin Asiimwe Using shame to understand and combat financial inclusion communication challenges for clients A few months ago, a client came to us at Metropolitan Republic Uganda with a problem. To solve it we had to understand the mindset and attitudes behind many peoples’ aversion to banks and formal financial …
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Uganda has been classified as one of those countries with a low saving culture. However, a new study on Mobile Money and Individual Savings in Uganda carries some optimism. In Musa Mayanja Lwanga and Annet Adong’s paper; “A Pathway to Financial Inclusion”, mobile money could affect people’s attitudes towards saving. …
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