what is financial inclusion? write up 10 pages on the weaknesses of the financial system in...

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what is financial inclusion? write up 10 pages on theweaknesses of the financial system in Zambia.
recommend what should be included in the financial inclusion inZambia

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1 The financial Inclusion means allowing individuals and organizations systematically into participating or availing financial services The organizations of different sectors are permitted to avail these financial services if they are included in financial inclusion And different kinds of individuals also were permitted to engage in financial services This helps in keeping the financial services available EQUALLY to all sectors including the poor individuals who wants to save 2Zambias financial system is relatively underdeveloped and bank dominatedBanks account for about 67 percent of total financial sector assets with majority foreignowned banks all of which are subsidiaries of their parent banks accounting for about 83 percent of total bank assets The nonbank financial institution NBFI sector is dominated by pension funds of which the governmentrun National Pension Scheme Authority NAPSA accounts for about threequarters Microfinance institutions MFIs comprise 8 percent of total nonbank financial sector assets and insurance companies 12 percent Other NBFIs include building societies leasing companies development finance institutions and FX bureaus The BoZregulated NBFIs sector is small but plays a growing role At end2016 the sector comprised 34 microfinance institutions MFIs 8 leasing companies 73 FX bureaus 4 building societies a development bank Development Bank of Zambia a Savings and Credit Institution National Savings and Credit Bank and a credit reference bureau Unlike in many other SubSaharan African countries See Answer

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