Driving Africa’s growth through financial inclusion
The rising middle class and the need for financial inclusion will be the key driving force in Africa’s growing financial services sector. The concentration of electronic payments continues to be in the urban/metropolitan cities. In tackling the financial inclusion objective, what specific initiatives can the regulators and players do to make the rural areas more attractive? Players have often cited the huge cost of setting up the infrastructure and support framework to serve these segments of the market. For instance, what role should the banks be playing in the deployment of acquiring devices in the rural communities given the struggles they have in providing sufficient support coverage for devices in the cities?
Get answers to these questions and more as Adetorera Banjo, Senior Manager of Management Consulting at KPMG Nigeria, Carlijn Nouwen, Partner at Dahlberg and Jude Anele, Head of Direct Banking at Diamond Bank shares more insights.
About Femi OkeRelentless passion for creativity and digital acumen to help a professional services firm thrive in the digital space. Femi is an individual with a rich experience on regional African knowledge, its diverse business culture and he understands the continent’s economic drive. He thrives on selfless service and lasting mutually beneficial relationships with colleagues and especially clients encountered in the course of his duties. He is creative, practical and self-motivated with business judgement in corporate, brand and strategic communications, social, digital & traditional media and executive profiling. Roles in the firm include New Media, Digital Communication, Corporate Communication, executive profiling and Brand Management execution. Working on the multi-million dollar Africa high growth market project stands out for femi; besides this, managing all KPMG’s digital communication for the World Economic Forum on Africa is another project that gives him great delight. Femi holds a Masters Degree in Global Marketing from the University of Liverpool.
Africa, Africa brief, Africa challenges, Africa financial services, Africa Financial Services initiative, Africa opportunities, African countries, Angola, Banking and Financial Services Act, challenges, development, East Africa, economic growth, economy, Ethiopia, FDI, financial inclusion, financial services, financial services industry, Foreign Direct Investment, foreign investment, GDP, investment, Kenya, KPMG, KPMG Africa, m-pesa, sub-Saharan Africa