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
GBV: The big elephant in the room

Sadly, the country seems not to have proper tools and the extent to which women and the girl-child are being abused is not adequately measured.Almost every week there are reports of women being attacked by their significant others and while men are attacked as well, women seem to be more on the receiving end.On May 24, 2023 news broke that a woman who was receiving support from the Botswana Gender-Based Violence Prevention Centre in Gaborone, was...

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