Financial inclusion in sub-Saharan Africa has improved considerably in recent years, with bank account ownership doubling from roughly 23% of the adult population in 2011 to 49% by 2022, according to the World Bank. Still, hundreds of millions of adults in sub-Saharan Africa do not have a bank account.
Countries like Kenya show that it is possible under the right conditions to deliver formal finan...
The narrative of Equity Bank’s success in driving financial inclusion in Africa is compelling, rooted in tangible achievements and a clear mission to empower marginalized populations. James Mwangi’s leadership and the bank’s focus on low-income earners, refugees, and SMEs demonstrate a model that balances profitability with social impact. The expansion into underserved markets like DRC and Ethiopia, coupled with strategic partnerships with development institutions, reinforces the bank’s role as ...