Policy highlights:

  • Street vending offers opportunities for people with low levels of education and limited capital to invest in small business ventures. However, street vendors are often not financially included. In Africa, there are enormous differences in the proportion of the population who hold a bank account, ranging from 11% in central Africa to 51% in southern Africa. In Rwanda, the government has set a goal to accomplish 90% financial inclusion by 2020.
  • This study found that: 1) understanding the determinants of financial inclusion is crucial (e.g. if being a woman significantly reduces the probability of having an account, then a gender-specific policy may be necessary); 2) ownership of a bank account is influenced by a vendor’s activity (e.g. 91% for vendors selling clothes compared to 36% for vendors selling food and drinks); 3) geography is an important driver of financial inclusion (i.e. proximity to financial institutions); and 4) the age and education of the respondents did not influence the findings.
  • Policymakers should: 1) base their policies on a rigorous, thorough and detailed analysis of the determinants of financial inclusion and exclusion, and 2) consider the geography of financial inclusion, ensuring that financial institutions are available in the vicinity of targeted populations.
Connected themes
Share this post

Related items

5 Key insights for greening TVET in the solar industry in Africa

This year INCLUDE joined the Solar Hands-on Training and International Network of Exchange (SHINE). In this EU-funded consortium, we are working together with African VET schools and European partners on greening Technical and Vocational Education and Training (TVET) for the solar industry in Africa. As the research partner, we are laying the project's theoretical foundation. Through literature review and discussions with experts and practitioners, we have gleaned key insights that are shared in this blog. 

Siri profile picture
Infographic: How to Make Plastic Waste Work for Green & Decent Jobs for Youth in Africa

Plastic waste recycling presents an opportunity to create sustainable jobs while benefiting the environment. But the question remains, how can stakeholders contribute to a conducive waste recycling ecosystem, unlocking its green job potential among Africa’s youth? We are excited to present an infographic showcasing the pathways and recommendations for Green & Decent Jobs for Youth in Africa.

Closing the loop: 3 barriers to decent youth employment in Africa’s waste management sector

This blog is part of a research project on the opportunities for decent work for youth in Africa’s Waste Recycling Sector, in collaboration with the Challenge Fund for Youth Employment (CFYE). Waste management in Africa is a major challenge for sustainable and inclusive development. Due to poor management, 90% of the waste generated in Africa is disposed of in landfills and uncontrolled dumpsites with severe consequences for the environment and people working in the waste management sector.

Green jobs & the future of work in Africa: the story of Olivia Onyemaobi and Pad-Up Creations

In this video, we present the story of Olivia Onyemaobi, Nigerian entrepreneur and founder of Pad-Up Creations, a social enterprise producing affordable and eco-friendly sanitary pads in partnership with CFYE.

Digital Skills for Youth Employment in Africa

Digitalisation and technological advancements are changing the world of work and the skills needed for employment. In Sub-Saharan Africa alone an estimated 230 million jobs will require digital skills within the next decade offering employment opportunities for its ever growing youth population. However, young people in Africa face several barriers that prevent them to obtain the types of skills required for employment. The evidence synthesis paper published by INCLUDE explores the challenges and opportunities of this digital transformation and presents recommendations of how to equip Africa’s youth for the future of work.

By Ruth van de Velde +3 more