BY PAUL TENTENA
KAMPALA, UGANDA- About 3 million adult Ugandans or 15% of the total adult population are extremely poor, don’t have a single coin or are financially excluded according to the Bank of Uganda.
The BoU while launching the National Financial Inclusion Strategy Structure in Kampala said 16.8 million Ugandans or 80% of adult Ugandans who are projected to be 21 million do not have a bank account.
“52% use non-bank formal institutions like mobile money, only 2% subscribe to a certain insurance, 33% not heard of mobile money while 44% not using mobile money. 43% save and invest with informal savings groups and 51% save at home,