Financial Literacy & Inclusion

Africa has a large population of youth below the age of 35, and it is crucial to transition those in marginalized communities to come out of poverty as well as young entrepreneurs by teaching them how to navigate personal finances, make informed decisions, and build a secure financial future by providing the tools they can use to invest in their businesses and increase their incomes. This in turn improves their socio-economic status by supporting economic growth and development.

According to a report by the Alliance of Financial Inclusion “a CGAP analysis of youth financial inclusion revealed a high correlation between account penetration among youth and macroeconomic factors, such as gross domestic product (GDP) per capita and secondary school enrolment.”

As school fees represents one of the most significant expenses in an African household, financial inclusion with access to educational loans and savings can help families and youth with the financial tools to invest in their education from an early age.

We are advocates for the integration of financial education in elementary and secondary school curriculum to help students improve and enhance their understanding of financial responsibility.

For the older youth age group (18 - 35 years), research has shown a strong preference to using mobile devices. Using digital financial training, solutions and services can provide accessibility at scale and making financial services more affordable.

Future Perspectives is committed through the lens of the youth to champion advocacy and policy, implement sustainable and inclusive financial solutions for African youth and women especially.