Funding for financial inclusion in Africa has reached $4.7 billion, up 270 percent over the past several years. So which countries are getting the most funding? And are these investments making a difference?
Building a financial market that serves the poor requires more than supporting institutions. It also requires coordinating underlying elements - such as educating consumers, drafting appropriate laws, and building capacity in organizations.
Opportunities for reasonably-valued equity investments still remain, but the majority of recent transactions by foreign-owned funds suggest that finding such opportunities is not necessarily an easy task.