Africa’s urbanization is increasing and remains largely informal, uncontrolled, and unsupported by the continent’s infrastructure. More people are moving to towns and cities, rapidly creating ‘informal’ settlements with limited access to urban services that people need.
Globally, fifty-six percent of the unbanked adults are women. In Kenya, the situation is similar. More women are unbanked, in comparison to men. Various steps have been undertaken to address the financial exclusion of women, and though the gender gap has been narrowing over time, it persists.
As the 2021 COP26 came to an end in Glasgow Scotland, consensus resonated around the need to substantially scale up funding for developing countries to assist with the costs of both mitigation and adaptation
This research seeks to unearth the financial needs and demands of urban female retail traders in Kenya by exploring how their financial needs are being met, through which instruments, and in turn, where the opportunities lie to drive improved or increased access to financial products.
Rather than a ‘cost’ to the state, social protection is an essential component of any sustainable, national economic growth strategy. Most of the world’s successful economies are significant investors in social protection, with spending across the OECD averaging 12 per cent of GDP.
As the world reels from the impact of the COVID-19 pandemic, a key lesson it has taught us is the universality of our vulnerability.
In 2018, Kenya’s Ministry of Labour and Social Protection launched the newest phase of its social safety net programme Inua Jamii with an audacious goal: provide all beneficiaries with a full bank account and offer them a choice among four financial services providers.
During a recent visit to Sierra Leone, I was fascinated by the country’s rich history, friendly people and the beautiful beaches of the Freetown peninsula, with miles and miles of white sand – albeit almost empty.
This year, the price of a kilo of tea reached a five-year high. Every October, tea farmers in Kenya receive a “tea bonus”; the second lump sum payment for tea delivered to the Kenya Tea Development Authority (KTDA) during the year. The first lump sum, the “mini bonus”, is paid each April.