‘Only 24% of Africans own bank accounts’
The President of African Development Bank (ADB), Dr Donald Kabernka, says African economies are operating below global indices and “less than 24% of people in Africa own bank accounts”.
Kaberuba spoke at the 2014 edition of the African CEO Roundtable on Corporate Sustainability and Responsibility (AR-CSR), held at Tirapa, Calabar.
The ADB chief, who was the keynote speaker, in a videotaped address at the occasion, noted that financial inclusive seeks to bring in those left by the wayside.”
Despite the dismal picture painted, he stated that “African countries continuing to make good progress.”
The event, the 4th in the series which proceeded under the theme, “The intersection: Financial Inclusion, Economic Sustainability and Social benefit” opened with a welcome address by Ini Onuk, CEO of Thistle Praxis and lead convener of the conference.
In her opening remarks, Ini said “the AR-CSR is not a talk shop” but an annual conference that seeks to provide a meeting ground for much needed conversation between the corporates and the civil society and advocacy groups.
The lead discussant, Brian Kuwik, VP and African Regional Head of Accion presented a paper that showcased his bank’s on-going engagements in the area of financial inclusion with a video testimony of a Nigerian woman who is now running a school with over 400 children and 45 teachers thanks to financial support from Accion.
Senator Liyel Imoke, Governor of Cross River state and chief host of the event said the theme of the conference was “one that is very close to my heart” in a state where “we are striving hard to foster financial inclusion and empower our citizens.” “Concluding his remarks, Imoke said his administration “remains resolute in its commitment to empower Cross Riverians.”
Other discussants and panelists included Alex Otti, Group Managing Director of Diamond Bank, Henrietta Onwuegbuzie of the Lagos Business School, Duncan Onyango of Acumen, Sivana Wanjiru of Capita Registrars, Kenya, Prateek Shrivastava of Beyond Branches International, Kalu Ojah of Wits Business School, Leila Ben-Gacem of Blue Fish, Tunis, Hajara Adeola of Lotus Capital, Franklin Ngwu of Glasgow University, Mike Finlay of Risk Business International South Africa, Reana Rossouw of Next Generation Consultants, South Africa, William Derban, Director Fidelity Bank Ghana and Ayo Teriba of Economic Associates amongst others.