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Mobile money lifts Africa savings to decade high
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Mobile money lifts Africa savings to decade high

eriinfo.com3 weeks ago03 mins

Sub-Saharan Africans boosted their savings at the fastest pace in more than a decade, driven by the growing impact of mobile money accounts across the continent. The share of adults in sub-Saharan Africa who saved through formal channels surged by 12 percentage points to 35% in 2024, the second-highest regional rate after East Asia and…

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