News in brief
MasterCard Foundation supports financial services in Africa
1 March 2009
Alliance magazine
The MasterCard Foundation and Bangladesh-based BRAC announced in November last year a $19.6 million programme to bring financial services to poor people in Uganda. As part of the programme, BRAC will explore the feasibility of becoming a regulated deposit-taking institution in Uganda, a role it has not yet played in Africa. Sixty-two per cent of Uganda’s population does not have access to financial services and the Ugandan government has made expanding financial services to the rural poor one of its top priorities.
