FSD Zambia welcomes £21.95m 5-year commitment from UK Aid to initiate new phase of financial sector development

37
650

FSD Zambia has welcomed a £21.95m 5-year commitment from UK Aid, part of a £320m package that will initiate an ambitious new phase of financial sector development across Africa.

The funding was announced in a statement released by FSD Zambia Communications Manager, Eneyah Phiri, ahead of the UK-Africa Investment Summit in London.

The £320m commitment provides funding for ambitious programmes that create financing solutions for the opportunities and challenges faced across Africa’s economies, from individual households and micro-enterprises to business and infrastructure investment.

UK International Development Secretary Alok Sharma said: “Africa’s substantial investment potential is clear, with many African countries outstripping global economic growth in recent decades. The UK is already the top financial exchange for Africa’s businesses, and we want investors to seize the exciting opportunities that Africa offers. These new initiatives, announced ahead of the UK-Africa Investment Summit, will make it easier, greener and more secure to invest in Africa, mobilising billions of pounds of sustainable investment to help end poverty.”

FSD Zambia will channel this commitment to, among other efforts to deepen financial inclusion in Zambia, build on the success of our work with Savings Groups that so far has contributed to the establishment of 7,900 groups with savings totaling almost ZMW100 million. Evidence shows that Savings Groups enable both learning and economic empowerment for low-income households and individuals, especially in rural areas. Furthermore, FSD Zambia will utilise these resources to expand support to the extension of appropriate Agriculture insurance to smallholder farmers in Zambia, particularly in light of climate change. With these funds, FSD Zambia will also deepen work with the Ministry of General Education on introducing the Financial Education curriculum from grade 1 to 12. We believe this is a significant step towards growing a generation of financially capable Zambians.

Chair of the FSD Network Council and CEO of FSD Zambia, Betty Wilkinson commented on the commitment: “At FSD Zambia, we are excited to receive this key grant from UK Aid. As a Zambian organisation, we will use these resources responsibly to deepen financial inclusion, make money work to increase incomes and reduce poverty, and enable sustainable futures for the women, men, and children of our country”.

37 COMMENTS

  1. Hi my loved one! I want to say that this post is amazing, nice written and come with approximately all vital infos.
    I’d like to look more posts like this .

  2. An intriguing discussion is worth comment. I do believe that you need to write more about this subject, it might not be a taboo matter but typically people don’t speak about such subjects. To the next! All the best!!

  3. If some one needs to be updated with most up-to-date technologies after that he must be
    go to see this web page and be up to date everyday.

  4. Hey! Do you know if they make any plugins to assist with Search Engine Optimization?
    I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very
    good results. If you know of any please share. Kudos!

  5. Hello there, You’ve done a fantastic job. I will definitely digg it and personally suggest to my
    friends. I am sure they’ll be benefited from this site.

  6. Spot on with this write-up, I truly believe this amazing site needs far more attention. I’ll probably be returning to read through more, thanks for the advice!

  7. I really like what you guys are usually up too.

    This type of clever work and coverage! Keep up the excellent works guys I’ve added you guys to my personal blogroll.

  8. Woah! I’m really digging the template/theme of this
    blog. It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between user
    friendliness and appearance. I must say you’ve done a awesome job with
    this. Also, the blog loads super quick for me on Opera.
    Exceptional Blog!

  9. When someone writes an article he/she retains the image of a user in his/her mind that how a user
    can know it. Therefore that’s why this article is amazing.
    Thanks!

  10. Appreciating the hard work you put into your blog and in depth information you present.
    It’s nice to come across a blog every once in a while that isn’t the same outdated rehashed information. Wonderful
    read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

  11. Hey just wanted to give you a quick heads up. The words in your post seem to be running off
    the screen in Ie. I’m not sure if this is a formatting
    issue or something to do with internet browser compatibility but I figured I’d post to
    let you know. The style and design look great though! Hope
    you get the issue solved soon. Kudos

  12. I got this site from my buddy who informed me regarding this web site and now
    this time I am visiting this site and reading very informative
    content here.

  13. This is really attention-grabbing, You are an excessively
    professional blogger. I have joined your rss feed and look forward to in quest of extra of your great post.
    Also, I’ve shared your site in my social networks

  14. Thanks for some other wonderful post. The
    place else may anyone get that type of info in such
    an ideal approach of writing? I’ve a presentation next week, and I’m at the
    search for such info.

  15. Hi! I know this is kinda off topic but I was wondering
    which blog platform are you using for this site?
    I’m getting fed up of WordPress because I’ve had issues with hackers and I’m looking at
    options for another platform. I would be fantastic if you could point
    me in the direction of a good platform.

  16. I loved as much as you will receive carried out right here.
    The sketch is attractive, your authored subject matter stylish.
    nonetheless, you command get got an nervousness over that you
    wish be delivering the following. unwell unquestionably come more formerly
    again since exactly the same nearly very often inside case you shield this increase.

  17. Great blog here! Also your website loads up very fast!
    What web host are you using? Can I get your affiliate link to your host?
    I wish my site loaded up as quickly as yours lol

  18. Hi it’s me, I am also visiting this website regularly,
    this web page is truly fastidious and the people are
    truly sharing pleasant thoughts.

  19. On top of that, these games come from preferred providers
    like Evolution Gaming and Microgaming with futuristic themes and cutting-edge
    graphics.

LEAVE A REPLY

Please enter your comment!
Please enter your name here