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Sub-Saharan Africa beats South Asia at formal savings at financial institutions

Infinite Potentials Consulting by Infinite Potentials Consulting
6 years ago
in Business, Mobile
2 min read
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2015W18.1The World Bank’s Global Findex Report (2014) analyses the state of financial inclusion in the world. Sub-Saharan Africans (SSAs) are saving more and formally through financial institutions. About 16% of adults (over 15 years of age) in SSA have formal savings in financial institutions, which is a higher proportion than South Asia (13%) and Europe & Central Asia (8%). Account ownership at a bank or other financial institutions in SSA is led by Mauritius (82%) and South Africa (69%) – both have higher proportions of adults with a bank account or with other financial institutions than Brazil (68%), Russia (67%) and India (53%). Read more here…

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Tags: Africafinancefinancial inclusionKenyamobile moneySub-Saharan Africa
Infinite Potentials Consulting

Infinite Potentials Consulting

IPC is a professional services consulting firm which partners with leading organizations in the corporate, civil-society and governmental sectors in Africa and works with them to realize their potential. Our core team and experts network has over 75 years of experience in Africa and around the world. We deliver international-class consulting services in Africa using Africa’s brightest talent.

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