Through the lens: Financial inclusion in Africa

CGAP (the Consultative Group to Assist the poor) has revealed the winners of their annual photo and video contest. CGAP is a partnership of organisations committed to improving the lives of the world’s poorest people through financial inclusion.

This year, the contest accepted entries exclusively from Africa, shining a light on how financial inclusion efforts are reaching remote communities. Continuing efforts are providing opportunities for innovation and entrepreneurship, helping people access services and increasing their resilience. Despite this, the African continent is home to the largest share of people living in extreme poverty. In Africa, over 389 million live below the international poverty line.

The 2018 Grand Prize was awarded to Hesham Fathy for a work entitled “Hoping to get out into the future”. The photo was taken in a remote village in Sudan. His striking image portrays a young woman clutching a mobile phone, a powerful tool for development and inclusion.

Women in the Middle East and North Africa are among the most financially excluded in the world: only 35 percent have a financial account compared with 65 percent of women globally, and for rural women the numbers usually are far lower. While mobile reaches 64 percent of people in the region, digital finance is used by only 5.8 percent of adults, according to the Global Findex 2017 report.


The gallery of winning photos and videos can be viewed online.

The post Through the lens: Financial inclusion in Africa appeared first on The Mobile Money Channel.

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