Sub-Saharan African economies are witnessing a rapid pace of innovation and growth, creating new avenues for financial inclusion. This inclusivity requires a harmonious collaboration of development sector organizations, financial institutions and professional services providers to develop new business models to benefit a wider population and foster sustainable development in the financial sector.
This report summarizes research conducted by Accenture Development Partnerships (ADP) and commissioned by Financial Sector Development (FSD) Africa, a non-profit organization that promotes financial sector development across sub-Saharan Africa. ADP performed the research across several countries in the region by conducting interviews with industry specialists and executives within financial, professional services and telecommunications organizations.
The research aim is to help the development sector understand the dynamics of financial institutions to improve partnerships in attaining sustainable development and growth in the financial sector, and to help industry practitioners improve their modalities for collaborating with NGOs and donors. These partnerships would help improve the financial sector's responsiveness toward disruptive challenges, while pursuing the large market opportunity in serving the unbanked population.