ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Fri, 06 Dec 2019 18:57 - Updated Fri, 06 Dec 2019 18:57

Banking solutions with weak financial inclusion capabilities

Luanda - Finance Minister Vera Daves said on Friday in Luanda that in Angola traditional banking technology solutions have not been able to promote financial inclusion to desirable levels.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

Minister of Finances, Vera Daves (file)

Photo: Henri Celso

The minister said that compared to the average of other countries in the Southern African Development Countries SADC region, of which Angola is part, the country indicator is very low, around 30% of the banked adult population, the same percentage of the financial inclusion index.

Vera Daves was speaking at the opening ceremony of the 9th edition of the Forum on Challenges of Digital Governance era  in Africa, which brings together national, foreign experts, diplomats and representatives of the financial sector.

According to the minister, there are no financial services and solutions other than traditional banking in the Angolan market, which reach all neighborhoods and communes.

“Our financial inclusion index is therefore identical to the bankarization index, which is close to 30% of the adult population, which is very low compared to the average in our region,” said the Minister.

Tags Finances  

Read also
  • 22/11/2019 12:31:18

    Seven public firms accounts okayed

    Luanda - Seven public companies' reports and accounts have been approved without any reservations and 39 others with reservations, according to State Asset Management Institute (IGAPE).

  • 21/11/2019 12:17:35

    Positive fiscal balances guarantee consolidation of business environment

    Luanda - Finance minister Vera Daves affirmed last Wednesday, in Luanda, that the guarantee and perpetuation of positive fiscal balances, underway in the country, will contribute to the consolidation of the country’s business environment and propitiate investments in the real economy.

  • 07/11/2019 12:04:20

    Internal audit strengthens public and private companies

    Luanda - The Finance and Treasury State secretary, Osvaldo João, declared on Wednesday that the creation of a strong and organised group of professional auditors will help public and private companies to be better prepared for the future.