Market Research Manager at FirstRand Namibia

Growing relevance of the informal market – how can financial institutions remain relevant?

Growing relevance of the informal market – how can financial institutions remain relevant?

Frans Uusiku The economic landscape has evolved in recent times and is becoming increasingly characterised by changing consumer tastes and preferences around the consumption of goods and services, combined with heightened level of entrepreneurial spirit, especially amongst women and youth in agriculture. These changing dynamics around value chain development across industries have an implication on the role of the banking sector as an important enabler and catalyst for economic growth. The reality is that the proliferation of informal side-line businesses in the form of hawkers, vendors, etc. has increased now more than ever as households seek alternative income sources due…
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