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In Uganda, greater financial inclusion is the key to unlocking rapid growth

Rachel K. Sebudde's picture
Photo: Sarah Farhat/World Bank.

Ugandan’s access to financial services has improved dramatically in recent years. More than half of Uganda’s adult population now has access to an account at a formal financial institution. This is almost twice as many as in 2009. The entry and fast penetration of mobile money is the main reason for the increase, having allowed 8 million Ugandans to conduct financial transactions.

Youth Employment—A Fundamental Challenge for African Economies

Deon Filmer's picture
In Addis Ababa, Ethiopia’s sprawling capital, Mulu Warsa has found a formal-sector job as a factory worker thanks to her high school education. In Niamey, a city at the heart of the Sahel region, Mohamed Boubacar is a young apprentice training to be a carpenter. And in Sagrosa, a village in Kenya’s remote Tana Delta district, Felix Roa, who works on a family farm and runs a small shop, dreams of a better life if he can find the money to expand the business and move to a more urban area. His family is too poor to support him through secondary school.