Luanda, April 7, 2025 (Lusa) - With half of Angola's population having a low level of financial literacy, the country's government has decided to draw up a National Financial Inclusion Strategy (ENIF) 2025-2027 to reverse the situation, the National Bank of Angola (BNA) announced.
According to the document made available by the BNA for public consultation, and consulted on Monday by Lusa, in Angola 51% of the population is not financially included, the level of financial literacy is low, and the supply of financial services is concentrated in Luanda.
Only 25% of the Angolan population has a good level of financial literacy, according to the document, which is out for public consultation between 31 March and 30 April 2025.
The low levels of financial inclusion are also aggravated by "various structural constraints such as low levels of economic formality, lack of access to basic infrastructure (electricity, telecommunications, water) and high levels of poverty," the document adds.
Financial inclusion, it explains, is a "top priority" for Angola's government; the current proposal, which is under public consultation, is the first policy tool in Angola that "establishes the country's priorities for moving forward with financial inclusion, combining public and private efforts and commitments.
"It is hoped that this commitment will be maintained until the ENIF vision is achieved, and should not be conditioned by a timetable or political changes," it emphasises.
The drafting of the ENIF is said to have followed a "consensual approach" involving as many relevant stakeholders from the public and private sectors as possible, with its vision being to ensure that every individual or micro, small and medium-sized enterprise, "regardless of their geographical location or socio-economic status" is financially included.
The implementation of the strategy will be focussed on the segments defined as priorities, namely women, the rural population, farmers, informal workers, adolescents and young people.
The ENIF also defines the strategic lines and the action plan for its implementation, monitoring and evaluation, promoting clear and accessible communication to the public.
According to the BNA, the ENIF proposal is an initiative of the Coordination Committee of the National Financial Inclusion Strategy and the document had the technical and methodological support of the World Bank, aimed at the coordinated mobilisation of efforts to accelerate financial inclusion in Angola.
DAS/ARO // ARO.
Lusa
