The financial sector’s definition of financial inclusion is that people and businesses have access to, and effective use of, appropriate financial services in order to improve their lives, regardless of their income level. Great emphasis is placed on reaching the “unbanked”.
The Cape Digital Foundation takes the concept of financial inclusion a step further. People first need a regular flow of money into their household, through having a job or being self-employed, in order to leave the starting blocks toward any kind of financial inclusion.
Digital Foundation is suggesting that it should be. Here is why…. Cities are important
According to a UN Habitat forecast, two thirds of the world’s population will live in cities by 2030. The report says, “Cities drive economic productivity and prosperity. As urbanization has advanced so have global economic output, poverty reduction and social well-being. Yet, unplanned urbanization has also often led to pollution, congestion, segregation, sprawl and other unintended consequences…. In some regions of the world, more than 50 percent of urban populations live in such areas. In parts of Africa, south of the Sahara, this statistic jumps to around 70 percent.”