Financial services

East Africa’s banking and financial services sector has seen substantial growth over the last ten years, riding on the back of the region’s average annual GDP growth of over 7%, despite the COVI-19 pandemic.

Much of this growth has been spurred by innovative integration of technology in banking and financial services, which has considerably increased the region’s access to formal financial services.

Increased financial inclusion has boosted accumulation of capital, which is a key driver of investment.