Africa is at a turning point: countries now seek home-grown, inclusive growth, built on sound financial systems and access to finance.
Africa is at a turning point. Countries no longer seek growth alone, but home-grown growth. To achieve it, they recognise the crucial importance of financial systems and of businesses’ access to finance. Above all, they want growth to translate into a significant reduction in poverty and shared prosperity that benefits low-income people and vulnerable groups.
The inclusion challenge is not new. But since the Arab Spring and the climate crisis, sustainable, inclusive and green growth has become a priority for policymakers and financial sector players alike.
Financial inclusion is one of the main pillars of inclusive growth. This multidimensional concept covers every initiative in the financial sector, on both the supply and the demand side. Sustainable, inclusive development requires appropriate financial services and instruments for businesses of all sizes and for households at every income level, especially vulnerable groups traditionally excluded from the formal financial sector.
Our expertise
Kanaga Consulting’s team has built strong expertise in financial services, electronic money, financial inclusion and services for the unbanked through many assignments in Africa, along with experience of financial technologies and services in countries such as the United States, Canada and France.