According to a document released for public consultation by the BNA, as reviewed today, 51% of Angola’s population remains financially excluded. The nation exhibits low levels of financial literacy, and financial services are predominantly concentrated in Luanda.
The document, available for public consultation from March 31 to April 30, 2025, states that only 25% of the Angolan population possesses a good level of financial literacy.
The low levels of financial inclusion are further exacerbated by “various structural constraints such as low levels of economic formality, lack of access to basic infrastructure (electricity, telecommunications, water), and high levels of poverty,” the document notes.
The document highlights that financial inclusion is a “top priority” for the Angolan government, with the proposed public consultation marking the first policy tool in Angola to “set the country’s priorities to advance financial inclusion, combining public and private efforts and commitments.”
“It is expected that this commitment will be maintained until the vision of the ENIF is achieved, without being conditioned by a calendar or political changes,” it emphasizes.
The development of the ENIF followed a “consensual approach,” involving as many relevant stakeholders as possible from the public and private sectors. Its vision is to ensure that each individual or micro, small, and medium-sized enterprise, “regardless of their geographical location or socioeconomic condition,” is financially included.
The strategy’s implementation will focus on defined priority segments, namely women, rural populations, farmers, informal workers, adolescents, and young people.
The instrument also outlines the strategic lines and action plan for implementation, monitoring, and evaluation, promoting clear and accessible communication to the public.
The BNA notes that the proposal for the ENIF is an initiative of the Committee for the Coordination of the National Financial Inclusion Strategy, and the document was developed with technical and methodological support from the World Bank, aiming at a coordinated mobilization of efforts to accelerate financial inclusion in Angola.
