Scale2Save Campaign

Micro savings, maximum impact.

Savings and Retail Banking in Africa 2022 WSBI survey of Financial Inclusion for micro, small and medium-sized enterprises (MSMEs)

The Savings and Retail Banking in Africa report aims to help improve access to financial services for financially disadvantaged people in Africa. The annual series was launched by the WSBI in 2018 but interrupted during 2020 and 2021 because of the Covid-19 pandemic. The 2022 edition is based upon research conducted with WSBI members in up to 34 countries on the African continent and produced in collaboration with FinMark Trust under the Scale2Save programme.

This report focuses on ways financial institutions, regulators and donors can deploy financial inclusion initiatives to develop the MSME sector in Africa. Non-Government Organisations (NGOs) also play an important role in enhancing financial inclusion, especially in rural areas. For examples both CARE International4 and World Vision International5 help mobilise savings and improve the availability of loans, build digital capacity, and aid small business development, enabling both households and businesses to make better use of financial services.

Full Report