Browsing: Financial institutions

Even though financial literacy in Africa has a lot of room for improvement, technology has grown tremendously on the continent, with many embracing digital transformations in the continent.

  • Financial literacy represents the ability to comprehend crucial financial concepts to make informed decisions about saving, investing and borrowing.
  • While some economic and human development disparities exist between African countries, most populations have relatively low financial literacy levels.
  • Financial institutions have a crucial role in promoting financial literacy in Africa.

Financial literacy represents the ability to comprehend crucial financial concepts to make informed decisions about saving, investing and borrowing. Aside from helping to alleviate poverty, current developments in the digitisation of financial services and products and the growth in credit and microfinance facilities have shown that financial literacy is a crucial tool for survival.

With more access to capital and a wide range of financial products offering abnormally high guaranteed returns, low …

  • Agriculture employs a great percentage of the Tanzanian labour force
  • AVCA assists in developing an understanding of how value chain actors/participants deal with powers
  • The purpose of agricultural value chain analysis (AVCA) is to increase the efficiency, productivity and competitiveness of an agricultural sub-sector or industry

Agriculture seems to be the backbone of the economy for most developing countries including Tanzania.

The agro-sector employs a great percentage of the Tanzanian labour force; meanwhile almost 80% of those engaging in this sector conduct dual agriculture (cultivating and livestock keeping).

Provision of finance to the agro-sector was previously ignored by most financial institutions despite the current struggle for stimulating finance to agro-sector.

Read: Top reasons why agriculture players in Africa should use Artificial Intelligence

The breakthrough for the struggle would be realised if the agricultural value chain were to be properly mapped out to provide a clearer path to profitability.

Agriculture value …