The United Nations Capital Development Fund (UNCDF) has congratulated Fiji’s continued progress in promoting financial inclusion and has committed to supporting Fiji’s ongoing work to increase access to financial services and products at a meeting between UNCDF Executive Secretary, Judith Karl, and Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum.
Somalia is one of the striking cases of rapid urbanization in the East African context and beyond. Despite continued insecurity and limited economic opportunities, it is urbanizing at a high rate of 4-6% p.a. The share of urban population in Somalia is one of the highest in the region, 42% in total and even higher in some states, such as Somaliland where it reaches 52.8%. It is forecasted that by 2030 nearly 90% of Somalis will live in urban or semi-urban settlements.
Human Centered Design (HCD) is providing South Pacific financial service providers with new motivation and tools to tackle the problems that have frustrated their initial attempts at mass market finance.
This last post wraps up the discussion of the digitization of social security allowances (SSAs) in Nepal. It takes stock of the main insights of the pilot project and sketches a strategy to scale up the alternative payment method, so far tested in three districts on a full scale, across the country.
In a few short weeks, MicroLead will introduce its third digital finance toolkit: Leverage an Existing Agent Network. The toolkit is part of MicroLead and The MasterCard Foundation’s series, “How to Succeed in Your Digital Journey: A Series of Toolkits for Financial Service Providers.” It follows the toolkits, Use Mobile as a Tool and Be an Agent. All the toolkits are available in French and English.
About the Renewable Energy Challenge Fund (RECF) Uganda
The goal of RECF is to increase access to renewable, efficient energy for domestic, productive and social uses among underserved poor households, especially in rural areas.
By end of 2020, RECF aims to support 150,000 low-income customers transition to renewable energy.
The RECF is managed by the United Nations Capital Development Fund (UNCDF) and funded by the Embassy of Sweden in Uganda.
UNCDF is proud to announce a new exciting initiative for 2017! In partnership with Child and Youth Finance International (CYFI), UNCDF is embarking on an advocacy campaign titled “#BankTheYouth,” which seeks to increase access to responsible, accessible and affordable financial services for youth.
Have you ever heard of M-dorado? The all-digital heaven, where digital financial service (DFS) transform - improve- people’s lives, make it easier and more affordable to do business, enhance transparency and defy corruption and bad governance. Without jumping the gun, you can say Africa is well on its way to M-dorado. Take Kenya: in 2015, over 15 million M-Pesa mobile money accounts were active and over 58% of the country’s adult population used a digital wallet.
by David Jackson, Director, Local Development Finance at UNCDF
Africa has seen over two decades of rising investment, including an exponential rise in foreign direct investment that has rebounded from the 2008 global financial crisis. But this investment is not accompanied by the requisite economic and social transformation that would allow the poorest countries to provide their citizens with the same type of sustainable opportunities seen in developed countries.