Financial Capability & Asset Building in Africa (FCAB Africa) is a strategic partnership among a diverse set of university researchers, social-work and human-service practitioners, financial-service providers, policymakers, and donors. The initiative aims to increase financial capability and asset holding in order to improve financial stability and security of socially and financially marginalized populations in Africa, thereby strengthening their social and economic well-being.
The initiative will achieve this goal by equipping frontline human-service practitioners with basic financial knowledge and skills for their work with marginalized populations. Social workers, community-development practitioners, health-care providers, teachers, counselors, and other human-service professionals regularly serve such populations, which may benefit from financial guidance and coaching. The initiative will also work with financial-service providers to create a comprehensive financial-development program delivered through existing services, including fintech.
The FCAB Africa initiative is led by Dr. David Ansong, Dr. Moses Okumu, and Dr. Isaac Koomson in partnership with CSD, which has defined this area of work and has elaborated it through extensive research and teaching in the United States and Asia.
FCAB Africa aims to reach across the African continent. Partners in this effort include the Ohio State University College of Social Work, the Chartered Institute of Bankers, Ghana, Uganda Christian University, the University of Ghana, the Uganda Institute of Banking and Financial Services, the Ugandan Ministry of Gender, Labour and Social Development, Adventist University of West-Africa, YARID (Young African Refugees for Integral Development), the Faraja Africa Foundation, the Youth Bridge Foundation, MarketNext Ghana, The Grounders, the Rose Namayanja Foundation, the National Youth Council, Uganda, the Nairobi Women’s Hospital College, the University of Johannesburg, the School of Social Work in the University of North Carolina at Chapel Hill, and the School of Social Work in the University of Illinois at Urbana-Champaign, the Center on Human Trafficking Research & Outreach (CenHTRO) at the University of Georgia, and numerous partners throughout Ghana, Kenya, Liberia, Uganda, Zambia, and Malawi.