PRESS RELEASE: The FSD Network: A family of Financial Sector Deepening programmes operating across Africa Our work is driven by a strong focus on the needs and priorities of our countries and the continent.
THE FSD Network is a growing family of Financial Sector Deepening (FSD) permanent institutions and programmes working across Africa to mould sustainable financial systems to work better for poor, vulnerable and marginalised populations on the continent. It currently comprises nine institutions, with plans under way to expand in the coming years.
The FSD Network (FSDN) was officially formed on 27th September 2019 with the signing of its Charter, formalising preceding year engagement among members. The Network works alongside governments, business leaders, non-profit organisations, research institutions, regulators and policymakers to develop more inclusive financial systems. FSDN plays a major role in enabling inclusive growth and ensuring access to basic services while assuring a sustainable future for Africa’s populations.
The FSD Network model is driven to address the needs and priorities of the different countries and the continent where we work. Each FSD programme works in collaboration with key local and regional stakeholders to engage opportunities and tackle constraints to inclusive financial systems development. The following are the current members of the FSD Network: Access to Finance Rwanda, EFInA Nigeria, FinMark Trust South Africa, FSD Africa, FSD Kenya, FSD Mozambique, FSD Tanzania, FSD Uganda and FSD Zambia.
FSD Network Council Chairperson, and concurrently FSD Zambia CEO, Betty Wilkinson said: “The Network is a unique set of trusted Africa-centric institutions embedded in the countries where we are active. Our goal is to make finance work to address real sector challenges for all citizens, particularly the poor and vulnerable. Network members create synergy to sustainably address the financial challenges that prevent inclusive and successful economies across the continent.”
Our work addresses the financial barriers to achieving the Sustainable Development Goals. Through a comprehensive and integrated approach to financial market development in Africa, the FSD Network helps build inclusive financial systems which enable inclusive growth, access to basic services, and the building of sustainable futures. Through these three themes, the Network emphasises job creation and income generation for low-income groups, and the provision of services such as education and health to vulnerable and underserved groups. The sustainability of interlinked economic, social and natural systems lie at the heart of our approach. Our financial development programmes now encompass protection of the natural ecosystem and economic governance and justice”.
The FSD Network identifies, demonstrates and scales ways to enhance inclusive growth through effective financing investments. It improves gender equity by finding financial solutions to the needs of poor and marginalised households and supporting innovation of financial system infrastructure at local and regional levels. FSDN will support the emergence of better regulatory frameworks and enhance the integrity of financial systems across the continent to underpin impact, stability, competition and control of illicit financial flows.
Director of the FSD Network Directorate Juliet Munro said: “Our new strategy emphasises inclusive finance as a means to an end. We see the end as, for example, meeting a welfare need like health or shelter, starting or scaling a business or acquiring other assets, and adapting to the effects of climate change. The emphasis is on value addition to individuals, households and businesses, as well as to the broader economies in which these people live.”
The UK government’s Foreign Commonwealth and Development Office (FCDO, former Department for International Development – DFID) is the FSD Network’s largest funder, having created and funded the first FSD programme in 2001. In 2020, the FSD Network secured a £320 million, 5-year investment package from FCDO. Network members have also attracted significant funding from the Swedish International Development Cooperation Agency (SIDA), the Bill & Melinda Gates Foundation, Mastercard Foundation, US Aid, Government of Canada, the World Bank and the Netherlands Development Cooperation, amongst others.
Eneyah B. Phiri
Head – Communications
For more information about the FSD Network:
FSD Network Directorate
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Copperbelt Gears Up for Its Inaugural Motor Show: A Vision of Innovation and Opportunity
Copperbelt Province is set to host its first-ever Copperbelt Motor Show, following the success of the Lusaka Motor Show, an event that has been running for the past 11 years. The most recent Lusaka Motor Show took place at East Park Mall Piazza in November 2022, attracting over 60 brands. Beginning this year, the organizers will be expanding their reach by hosting shows in both Copperbelt in May and Lusaka in October.
The Copperbelt Motor Show will be held at the luxurious Garden Court Kitwe Hotel, a property located in the heart of Copperbelt, from May 5th to 7th, 2023. The General Manager of Garden Court Kitwe has expressed excitement about hosting the event, which not only creates a platform for the motor and mining industry but also promotes local tourism. Many exhibitors from Lusaka are expected to attend and participate in the grand event, and the hotel is proud to be a partner in the Copperbelt Motor Show.
As the largest motoring exhibition the Copperbelt has ever seen, the show will feature the latest cars, trucks, buses, bikes, batteries, tyres, lubricants, tracking facilities, spare parts dealers, insurance providers, road safety, mining equipment, and leasing. A section dedicated to classic cars will also be available, catering to automotive enthusiasts and collectors alike.
The show aims to attract a broad audience from across the Copperbelt Province, providing a platform for buyers and sellers to connect directly. Dealers can address their clients’ concerns firsthand and offer tailored solutions. The event also presents an excellent opportunity for procurement heads and directors to compare prices, quality, durability, and other factors of various products, as many brands will be offering exclusive deals and offers.
Director Mr. Bobby Singh has acknowledged the overwhelming response from their followers, with comments describing the event as “history in the making.” This feedback has motivated Singh and his team to create a platform that benefits everyone involved.
The Copperbelt Motor Show is poised to positively impact economic growth by creating jobs, increasing demand, and fostering networking opportunities that can transform into business ventures. As the region prepares for this groundbreaking event, the Copperbelt Motor Show is set to become a staple in the Zambian automotive and mining industries, driving innovation, collaboration, and growth for years to come.
FIFA Women’s World Cup Trophy Tours Zambia. As MultiChoice hosts the prized trophy
THE FIFA Women’s World Cup Trophy has touched down in Zambia as part of the global tour by FIFA as a build-up to the Women’s World Cup games.
The spellbinding journey – which, for the first time, is offering all 32 qualified nations the chance to see Women’s football’s biggest prize up close before the football show kicks off in Australia and New Zealand from 20th July 2023 to 20th August 2023. Zambia is one of the 32 nations that have qualified for the 2023 FIFA Women’s World Cup.
The event to welcome the celebrated trophy was held at MultiChoice Zambia and speaking at the occasion Leah Kooma, Managing Director at MultiChoice Zambia said, “The FIFA Women’s World Cup Trophy tour is in many ways a great initiative for everyone who loves football. It has provided a great chance for football fans, particularly in Zambia, to be close to one of the most iconic symbols in Women’s football”.
She added, “We have the world cup right here, the girls have qualified and just this means the girls stand a chance to bring the cup back to Zambia.”
MultiChoice will carry live all the games of the FIFA Women’s World Cup tournament on your World of Champions, SuperSport both on DStv and GOtv platforms. The live broadcast of the World Cup games will avail many Zambian fans and the rest of the continent an opportunity to watch and follow their favorite game in the comfort of their space.
The trophy tour gives football fans around the participating countries the opportunity to get ready to taste the feeling of the most anticipated sporting event – the 2023 FIFA Women’s World Cup.
The first leg of the FIFA Women’s World Cup Trophy Tour kicked off in Morocco before heading to South Africa and then Zambia. The trophy will conclude its African tour on 26th March in Nigeria before heading to South America.