FINANCIAL INCLUSION: Government targets 80% by 2027
A finscope study shows that between 2019 and 2020, almost six in 10 Ugandan adults (57%) could access financial services through formal/regulated or informal, deposit-taking financial institutions. To date, Uganda's financial inclusion measured by holding a money account now stands at 60%. As the mobile phone and integration to financial technologies continue growing, the government has set a target to hit at least 80%, rate of financial inclusion to 80. Racheal Nabisubi reports.
