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Finance

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.

10 reasons to watch Africa in 2016

Caroline Kende-Robb's picture
Also available in: Français

In 2016, the world faces uncertainty and volatility – as well as huge opportunities for significant progress. Africa stands not just to gain from these major shifts, but also to lead some of them.
 
The global landscape is certainly challenging, with the political and economic news dominated by slowing growth, rocky stock markets, falling commodity prices, risks in emerging markets (especially China), increasing numbers of refugees, geopolitical tensions and the threat of violent extremism.