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SADC Needs a Regionally-Accepted Digital Financial ID—and It Is Feasible to Contemplate

Please read the blog by Aurora Bila and Kim Dancey, Director of Payment Systems at the Bank of Mozambique and Head of Payments at First National Bank on the link below. SADC Needs a Regionally-Accepted Digital Financial ID—and It Is Feasible to Contemplate  

Women: The Next Frontier for Digital Finance in Mozambique

Please read the blog By Diana Boncheva Gooley, Manager, Digital Financial Services on the link below. Women: The Next Frontier for Digital Finance in Mozambique  

Let’s save today to fulfill our dreams in the future.

Written by: Denise Alves, Communication Manager of FSDMoç World Savings Day was established on 31 October 1924 during the 1st International Congress of the Savings Bank in Milan, Italy[1]. The day was created with the aim of raising public awareness of the importance of saving for both modern economies and individuals. The main topics are focused on the importance of saving. Nowadays, the focus of the banks that organize World Saving Day is in developing countries, where many people are not banked. In Mozambique, the celebrations of this date fall within the scope

Investing in the Next Generation – Highlights

By: Kathryn Larcombe and Lindsey Allwright, FSDMoç Consultants The youth labour force is estimated to be growing by almost 40% per annum however the formal job market only employs 700,000 people.[1] The majority of young people therefore work in the informal sector, and have an estimated underemployment rate of 80%.[2] What role can the finance sector play? In the ILO’s A Call for Action in regard to the Youth Employment Crisis, access to finance for youth entrepreneurs is highlighted as a key action. For young people that create their own employment through starting

Dar Es Salam is the world gathering on women financial inclusion matters this week

By: Esselina Macome (FSDMoç Executive Director) and Kátia Agositnho (FSDMoç Market Analyst) This week, more than 300 participants from around the world will gather in Dar Es Salam for the Making finance work for women finance summit (MFWW) organized by Women World Banking[1], FSDAfrica and The Financial Sector Deepening Trust Tanzania. The key question is what can those and other stakeholders do to facilitate women’s access to finance, and more important, how can they do it? Some of us will be fortunate to also participate in other two different events prior and after
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Reflections on the FSD Moç Annual Lecture on Digital Financial Services and the Launch of Annual Publication

By Barney de Jongh, Head of Communities of Practice Digital Frontiers Institute I recently had the great privilege to be invited as a guest speaker to the annual publication launch event of FSD Mozambique.  During the event, Anne-Marie Chidzero, the outgoing CEO, shared some of the key milestones achieved by FSD Mozambique in the short 3 years since their existence. The event was also an opportunity to hand out the “Advancing Financial Inclusion for Smallholder Households in Mozambique” publication. This publication is a culmination of a huge amount of work done by CGAP

What it the future of Savings Groups in Mozambique?

By: Katia Agostinho(FSDMoç Market Development Analyst) According to the National survey on financial inclusion – Finscope 2014, the number of people with access to formal banking services has increased from 11.8% to 19.7% and the number of people served by other formal institutions (such as non-bank microfinance institutions And insurance companies) increased from 3.6% to 9.8%. The largest increase was among people using “informal financial services”, having almost doubled from 14.7% to 26.7%. Is within the informal financial services category that savings groups fit. So, among all available alternatives of financial services, family,

Why Fintech is an important subject for financial inclusion?

By: Katia Agostinho(FSDMoç Market Development Analyst) Now-a-days more and more people are looking for convenience and flexibility when using financial services, especially the low income population which also look for accessible services in terms of price and physical access. Globally, technology is playing an important role in making that happen, by supporting financial service providers with innovation and expansion options. The use of technology in the financial sector is globally known as Fintech. In Mozambique, were only 40% of the adult population is financial included but more than two thirds (68.8%) of the
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Why is it important for Parents to Teach Children to save at a Younger Age?

By: Belmiro Miguel Nhamithambo (FSDMoç Knowledge, Monitoring and Learning Analyst) ‘’You have the chance to start learning about money . We didn’t have the same chance as you, to learn at an early age in order to minimize committing wrong decisions that can affect your life in the future’’ Mozambique Stock Exchange (BVM) CEO opening speech during 2017 Global Money Week Mozambique main ceremony. Mozambique celebrated Global Money Week for the second time in a row this year, an event that was held jointly in more than 120 countries. This is an event

Policy Memo: Advocating for appropriate financial solutions for saving groups to cope with emergencies

By Esselina Macome Policy Advisor, FSDMoç (Financial Sector Deepening Moçambique) Professor, Eduardo Mondlane University Executive Summary Mozambique has made a significant progress toward developing and strengthening the financial sector through the implementation of a comprehensive Financial Sector reform program. However, the majority of the population and businesses still do not have access to financial services – especially in rural areas where the majority of the population resides (BM, 2015). The main objective of the Mozambique Financial Sector Development Strategy 2013 – 2022 is to improve the lives of all Mozambicans. More precisely to