Ukheshe has appointed Mark Dankworth as executive director of Ukheshe Africa. This comes at a time the need for a cashless society is a rising trend and strategic global imperative.
According to Global Findex, 1,7 billion adults remain unbanked. Sub-Saharan Africa, with approximately 350 million unbanked, accounts for 17 per cent of the global total according to the same report.
Dankworth says that since its inception in November 2018, Ukheshe has established that financial inclusion is vital for the overall growth and prosperity of the continent: “If the unbanked continue to have limited access to proper financial solutions, they remain barred from the majority of the continent’s economic activities. This, in turn, results in a reliance on limited retail opportunities, inability to access credit, and thus often paying more for goods and services.”