Untapped Global Financing Africas Missing Middle

Untapped Global Financing Africas Missing Middle

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In this essay, I present Untapped Global Financing Africas Missing Middle as a crucial initiative aiming to bridge the gap between financial markets and underserved Africans. A missing middle is a vital segment of the economy that is usually neglected in traditional financial systems but has huge potential to support economic development. This gap has led to low-quality financial services, increased poverty and weakened economic growth. This missing middle can be filled by a well-targeted investment in financial products that cater to these segments of the population, particularly low-in

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In Africa, the number of people without access to basic financial services has increased by more than 400% in the past decade. This represents a missed opportunity for the continent and its economy as these individuals are often the missing middle—poor people who cannot afford financial services, but do not qualify for government or other services due to the complex and inaccessible nature of those options. There is an enormous need to provide financial services to these missing middle members of society. I became fascinated with this gap in Africa, and I set out to address this gap in

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I am an expert on Untapped Global Financing and Africas Missing Middle. visit Untapped Global Financing is an initiative which uses technology and business models to finance rural entrepreneurs in developing economies like Africa. Africas Missing Middle refers to the millions of middle-class people in sub-Saharan Africa who live outside of traditional markets, but have enormous aspirations to enter the economy. The missing middle comprises many entrepreneurs, professionals, students, and unskilled laborers who do not qualify for

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Title: How Africa Can Harness Finance in the Age of COVID The COVID-19 pandemic has forced governments and individuals to shift their priorities and redefine their strategies. Although economic shocks and geopolitical tensions continue to create headwinds, pandemic-driven demand for critical goods and services in the health sector has created new opportunities for private investment and collaboration. Innovative solutions have already emerged from this crisis, and they showcase the resilience and potential of African countries. The

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Title: The untapped global financing of Africa’s missing middle Background: The current trends in the global economy are in full swing; globalization has been the hallmark of the 21st century and has brought numerous benefits to mankind. However, the benefits do not extend to all countries equally; this has created a gap in global economic development, and in Africa, this gap is significant. Despite the progress that the continent has made, the issue of uneven economic development in Africa has not been addressed well; this has led to

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Over the last decade, Africa’s financial infrastructure has not been built to support its economy’s emerging middle class. Today, this emerging middle class represents 64 million people, 80% of the African population, according to the World Bank. Yet, this class is often left unserved or underserved by Africa’s financial institutions. For instance, in countries such as Nigeria, Kenya, Ethiopia and South Africa, less than 20% of the middle class has access to credit and other financial services