Africa is at a turning point. Countries are no longer just aiming for growth, but one that is endogenous. To this end, they recognize the crucial importance of financial systems and access to business financing. Above all, they aspire to translate growth rates into significant poverty reduction and shared prosperity that benefits low-income people and other vulnerable groups.
The challenge of inclusion is not new, but since the Arab Spring and the climate crisis, the paradigm of sustainable, inclusive and green growth has established itself as the priority for political decision-makers as well as for players in the financial system.
Financial inclusion is one of the main pillars of inclusive growth. It is a multidimensional concept that encompasses all initiatives, both on the supply and demand side, within the financial sector. For sustainable and inclusive development to prosper, appropriate financial services and instruments must be put in place for the benefit of businesses of all sizes, as well as households regardless of their income levels (and particularly, vulnerable groups traditionally excluded from the formal financial sector).
The Kanaga Consulting team has built strong expertise in financial services, electronic money, financial inclusion and services for the unbanked, through numerous experiences in African countries, as well as a solid experience in financial technology and services in developed countries such as the United States, Canada and France.