EDITORIAL | Data Shows the Fintech Revolution Underway in Africa Makes the Need for Financial Literacy Education Necessary – and Urgent

EDITORIAL | Data Shows the Fintech Revolution Underway in Africa Makes the Need for Financial Literacy Education Necessary – and Urgent

Less than a third of sub-Saharan Africa’s population is financially literate – in contrast to OECD countries where over half the population is. This lack of financial literacy has implications that are as significant as they are concerning. As researchers Ashenafi Fanta and Kingstone Mutsonziwa explain, financially literate people make better and more informed investment decisions, save for retirement and rainy days, and are more resilient to ec…