Kwabena Bucknor is a Vice President at Tana Africa. Previously Kwabena was an Associate in the Corporate Finance M&A division at Standard Bank in Johannesburg. Prior to this, he worked as an Analyst in Global Wealth Management at Morgan Stanley in New York. Kwabena holds a Bachelor’s degree in Economics, International Relations and Asian Studies from Cornell University.
According to the World Bank “Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs, delivered in a responsible and sustainable way”. Current estimates show about ~55% of Africa’s population is unbanked and ~40% are living in poverty. Fortunately, novel financial technologies and innovative banking systems have begun to revolutionize this dynamic in recent times. This panel will explore three main themes: 1) What does financial inclusion mean in Africa, who exactly has been excluded historically and why is it important to bring them in? 2) What is the responsibility of industry participants to drive financial inclusion and help lift the continent out of poverty? 3) What does the future of Financial Inclusion in Africa look like?