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Exploring pathways to financial inclusion in Africa

Exploring pathways to financial inclusion in Africa

WSBI Africa Regional Group Meeting in Madagascar one month out

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​​BRUSSELS, 27 April 2016 – ​The 22nd WSBI Africa Regional Group meeting takes place in one month in Antananarivo, Madagascar.

Hosted by Caisse d'Epargne de Madagascar, the three-day event that starts on May 30 offers a remarkable opportunity to engage with high-level policymakers, practitioners and stakeholders to discuss on the latest trends that are influencing the savings and retail banking sector in the African region.

Exploring regulatory challenge, digitisation

Attendees will explore policy initiatives and regulatory challenges in financial inclusion strategies as well as the role of savings groups in building assets and financial capability. The programme also looks to tackle the digital revolution and how it can build bridges that foster greater financial inclusion, along with a look at scaling business models focused on youth and Islamic finance.

Strategy roundtables, management training

WSBI African member banks have a chance to take stock of their work, with business cases gathered and shared in the Working Groups of Financial Education and MSMEs and a round table debate on strategic issues inherent to the cooperation of participating institutions with the WSBI. On the final day of June 1, attendees will have the opportunity to participate in a management training that shows how being creative in their business model and service delivery can create new growth opportunities.

WSBI and financial inclusion in Africa

As the largest provider of accounts for the poor worldwide, WSBI and its members have been active in the global policy debate on setting an enabling environment for financial inclusion. WSBI drives the member commitment to the 2012 Marrakech Declaration to provide 'An Account for everyone'. WSBI members also pledged to reach 1.7 billion customers and 400 million new transaction accounts by the end of 2020 as their contribution to the World Bank Group's strategic goal of Universal Financial Access by 2020. WSBI announced last month that its members had exceeded projections on its commitment to the Universal Financial Access 2020 Goal both in terms of total numbers of customers as well as transaction accounts.

>> Latest update on the UFA commitment

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>> Visit section on WSBI regional groups

>> WSBI Universal Financial Access Goals pledge

Regional economy; Financial inclusion; Digitalisation; Proportionality; Branch management; Training courses; Training and Consultancy