Access to financial services in Sub-Saharan Africa (SSA) increased by 10 percent from 2011 to 2014 and the region remains the only place where the share of adults with a mobile money account exceeds 10 percent, according to the Global Findex database 2017. Despite the progress, there is continued marginalization of a large segment of the population comprising rural dwellers, women and the youth.
Research from the African Development Bank, the Alliance for Financial Inclusion, Women’s World Banking and the World Bank consistently highlights the extent of women’s and youths’ exclusion and efforts underway to empower these groups by closing the exclusion gaps. The failure to develop the valuable human resources of both women and youth represents lost output and potential, and especially for the youth, undermines their lifetime productivity and earnings potential, making it difficult for them to escape poverty.
Sub-Saharan Africa can boast of financial inclusion initiatives, but their effectiveness is not well known. ACET with funding from the IDRC undertook a multi-country study to identify and evaluate the effectiveness of existing financial inclusion initiatives and their relative success or failure in achieving desired goals in three countries – Guinea, Sierra Leone and Zambia.
To ensure that the key stakeholders interviewed can appraise and validate the findings of the study in Zambia and also capture opinions and views of other stakeholders who were not interviewed, ACET is convening a validation workshop on 6 November 2018 in Lusaka, Zambia.
The workshop will present key findings and recommendations of the country report to stakeholders and provide a platform for stakeholders to validate research findings and make inputs, as well as to exchange experiences and knowledge of the financial system as it relates to women and youth entrepreneurship and job creation.
The workshop will be attended by stakeholders including officials from key government ministries, agencies and departments, financial institutions, civil society organisations and academia, together with representatives of women’s and youth associations.