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Blog Series

Spotlight on Sub-Saharan Africa

In the coming weeks we will share with you insights into financial inclusion developments in Sub-Saharan Africa, as we learn more about consumer insights, product development, business models and the enabling policy environment required to improve access to financial services and make innovation possible.

According to 2013 IMF data, growth in commercial bank depositors in Sub-Saharan Africa leapt nearly four-fold from 2004 to 2012. Even though the region still trails other low-income regions on this measure, it is closing the gap and gaining momemtum. The mobile banking revolution in particular is a fascinating innovation, and mobile wallets are increasingly linking previously unbanked individuals with financial services.

trader
Blog
11 November 2013

The Worrying Trend of Interest Rate Caps in Africa

Many countries in Africa have established interest rate ceilings to protect consumers from high interest rates charged by microlenders. However, despite good intentions, interest rate ceilings can actually hurt low-income populations by limiting their access to finance and reducing price transparency.
faustina
Blog
04 November 2013

Understanding Customers for Financial Innovation in Ghana

The branchless banking market in Ghana is promising but has not gained traction as expected. CGAP and Tigo Cash decided to collaborate in order to better understand what’s preventing Ghanaian customers from actively using mobile money.
Blog
28 October 2013

Small Farmers, Mobile Banking, Financial Inclusion in Madagascar

Madagascar is among the poorest countries in Africa and also ranks low on the continent for financial inclusion. However, there is a great deal of innovation taking place in the country targeted at people living in rural areas.
babacar
Blog
25 October 2013

How do Low-Income People in Senegal Manage their Money?

A survey of 1,052 people in Senegal living just above and below the poverty line describes their aspirations, the financial risks they face, and the financial strategies they adopt.
Mathurin 0
Blog
15 October 2013

How do Low-Income People in Cote d’Ivoire Manage their Money?

A survey of 1,000 low-income people in Côte d'Ivoire revealed interesting patterns around how Ivorians manage and approach money.
burkina faso2
Blog
11 October 2013

IMF Survey: Financial Access Gap Narrows in Sub-Saharan Africa

The financial access gap in Sub-Saharan Africa is fast narrowing when compared to other areas, according to the IMF’s latest Financial Access Survey (FAS).

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