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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.

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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  

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