AfricaNenda Annual Report 2022
27 July 2023
Across Africa, there are more than 350 million unbanked adults, most of whom are excluded from the formal economy. They rely heavily on cash or informal providers to meet their financial needs, a system that is costly and risky. The most vulnerable populations, especially women in rural areas, are most affected. If we are to build the “Africa we want,” where no one is left behind, including the financially excluded adults, we need to enable universal access to formal financial services and put their needs at the heart of inclusive digital payment solutions that are efficient, economical, and instant.
AfricaNenda, an African-led organization, was created to accelerate the growth of instant and inclusive payment systems that will benefit all Africans, including the most vulnerable. We believe that instant and inclusive payment systems expand access to financial services for many adults and that they are critical to achieving the UN Sustainable Development Goals of universal financial inclusion in Africa by 2030.
Click the link below to read our 2022 Annual Report.