IMF study shows Botswanas quantum leap in banking the unbanked

The number of adults in Botswana with bank accounts at commercial banks jumped by 72% in the last decade, while mobile money registrations and values transacted equally ballooned, making the country one of Africa’s most banked.

An International Monetary Fund (IMF) study released on Monday shows that from a decade ago when only 41% of adults in the country had access to banking services, by the end of last year most had access either through formal banking or the rapidly rising uptake of mobile money.

The latest numbers are contained in the IMF’s Financial Access Survey, which has tracked trends in financial inclusion and banking service uptake across 180 countries since 2009. The survey is based on administrative data collected by central banks and other financial regulators.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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