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 and Dr. Moses Okumu in partnership with CSD in the Brown School at Washington University in St. Louis, 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 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 and numerous partners throughout Ghana, Kenya, Liberia, and Uganda.
CSD Faculty Director; University of North Carolina
Financial Capability and Asset Building (FCAB) in Africa; Global Asset Building: Innovations in Policies and Services
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CSD Faculty Director; University of Illinois
Financial Capability and Asset Building (FCAB) in Africa
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