Many Africans still keep most of their savings in livestock, stockpiles of goods for trading, grain, jewellery and other concrete assets
Data are limited but some experts think that as much as 80 per cent of all household wealth in rural Africa is in non-financial form.
Rwanda about half a million savings passbook accounts, with an average account size of $57, added up to almost $40 mn in 2001
After the government of Ghana “liberalized” the banking sector, the Standard Trust Bank branch in Ghana, now United Bank of Africa, introduced a “zero-deposit” account, allowing people to
Benin in the 1990s, the government introduced rural savings and loan institutions that aimed to better serve the poor