#Financial #Literacy #Month According to Gitnux report, Financial Literacy is low #worldwide with a 61% score on a test measuring basic financial knowledge concepts. In #Sub-Sahara #Africa a Global study found that financial literacy remains low at 32% ( Fanta & Mustonziwa, 2021) Closer home , In #Kenya according to a 2021 Global Financial Literacy Survey only 38% of Kenyans are financially literate. In the same report Uganda recorded 34% , Tanzania 40% , SA 42% and Nigeria 26%. With such alarming low scores there is no doubt why we need to deliberately increase our financial literacy individually and collectively as a nation. To be continued....
Ephraim Wainaina’s Post
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I strongly believe that financial inclusion is not just a goal — it’s a necessity for everyone, whether as an individual or an institution, for sustainable development. Financial inclusion is a catalyst for national and personal transformation. When we ensure that every Ugandan has access to affordable financial services, we’re laying the groundwork for a more vibrant, resilient economy. At Housing Finance Bank, Uganda, we uphold the core essence of financial inclusion by making sure everyone achieves financial independence. Together, we can create a world where financial security is within everyone's reach! As we continue to advance these efforts, let’s remember that an inclusive financial system is the foundation of a prosperous and resilient Uganda. #WeMakeItEasy
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🌟 Exciting News! 🌟https://a2f.ng/datasets/ We are thrilled to announce that EFInA has just released the highly anticipated Access to Financial Services in Nigeria Survey datasets! 📊💼 This comprehensive dataset offers invaluable insights into the financial landscape of Nigeria, providing a treasure trove of information for researchers, policymakers, financial institutions, and development organizations. Key highlights of the dataset include: 🔍 Demographic and socio-economic characteristics of financial service users 📈 Access to various financial products and services, including banking, insurance, and mobile money 🌍 Geographical distribution of financial inclusion across Nigeria 💡 Usage patterns, preferences, and barriers to accessing financial services As a passionate advocate for financial inclusion and socio-economic development, I am thrilled about the opportunities this dataset presents for evidence-based decision-making, innovative solutions, and impactful interventions. 🚀 Let's leverage this rich resource found here: https://a2f.ng/datasets/ to drive positive change, foster inclusive growth, and empower individuals and communities across Nigeria. Access the EFInA Access to Financial Services in Nigeria Survey datasets today and unlock the potential for transformative impact! 💪💼 #FinancialInclusion #Nigeria #DataAnalysis #Impact #Development #Empowerment
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🚀 Exciting News! 🚀 I am thrilled to share that my latest research paper has just been published! 🎉 📄 Title: "Financial Development, Monetary Policy, and the Monetary Transmission Mechanism—An Asymmetric ARDL Analysis". In this paper, I explore the asymmetric impacts of financial development and monetary policy on the monetary transmission mechanisms in Nigeria, spanning data from 1986 to 2023. Utilizing nonlinear ARDL models, the study reveals fascinating insights into how changes in monetary policy and financial sector innovations influence the economy differently based on the level of financial development. Key Findings: 🔍 Asymmetries exist in both the short and long run. 📊 The effects of financial development and monetary policy on various monetary channels are not uniform. 🌍 Highlighting the complex interaction between financial development and monetary policy, especially in evolving financial markets. 📈 Recommendations for policies to enhance the financial system across banking, capital, and bond markets to boost the effectiveness of monetary interventions. This research aims to provide valuable information for policymakers to tailor their strategies, ultimately enhancing economic stability and growth in Nigeria. A big thank you to everyone who supported and contributed to this work! 🙏 Read more about the study here: https://lnkd.in/eiBeMWQ9 https://lnkd.in/esu6T7nC #Research #Economics #FinancialDevelopment #MonetaryPolicy #Nigeria #EconomicGrowth #Policymaking #Economies #CentralBankofNigeria #CBN #@MDPIOpenAccess #MonetaryTransmissionMechanism #AssetPriceChannel #CreditChannel #ExchangeRateChannel #InflationExpectationsChannel #InterestRateChannel #BankingSectorDevelopment #CapitalMarketDevelopment #BondMarketDevelopment #FinancialLiberalization
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RAIS Initiatives Uganda Limited proudly held financial literacy training sessions in Seya, Namataba, and Namawojolo. These sessions focused on practical skills to help participants manage their resources, plan effectively, and achieve financial independence. We believe that knowledge is power, and financial literacy is key to unlocking the potential of our communities. Together, we are shaping a brighter, more sustainable future for all. #FinancialEmpowerment #RAISUganda #CommunityDevelopment #FinancialFreedom https://lnkd.in/ddmisStp
Building Financial Foundations for Growth - Rais Initiatives Uganda Limited
https://raisug.com
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Why is Nigeria's Gen Z population saving more than investing? Babs Ogundeyi has some answers in this conversation with Forbes Africa about the value of financial literacy and meaningful returns on investments to Gen Z. Read the article here: https://lnkd.in/enmZKe8G
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#AYAR Dissemination is in Nigeria today! In 🤝 with @MastercardFdn, we continue with #UtafitiSera series of #KnowledgeSharing to explore the 3-year study's insights and lessons, foster engagement among youth and policymakers, while shaping the future together. #YouthEmpowerment
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