Access to financial services improves


Access to financial services have improved in the past five years with three out of every four Batswana now able to access either banking or other formal and informal financial services, new survey has shown.

According to the Finscope consumer survey conducted by Finmark Trust, financial inclusion has increased to 76 percent from 69 percent in 2009 with increased access to formal banking services, microlenders, Posocards and informal services such as Metshelo driving the growth.

The survey, which was conducted between October and December last year sampling 1,503 respondents from Botswana’s total population of 1.3 million adults, aimed to gauge financial inclusion by measuring the proportion of the population using both formal and informal financial services and products.

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

Have a Story? Send Us a tip
arrow up