Mobile Money Lifts Africa Savings to Decade High: World Bank

Sub-Saharan Africans boosted their savings at the fastest pace in more than a decade, driven by the growing impact of mobile money accounts across the continent.

The share of adults in sub-Saharan Africa who saved through formal channels surged by 12 percentage points to 35% in 2024, the second-highest regional rate after East Asia and the Pacific, according to the World Bank’s Global Findex Database 2025.