According to the National Bank of Angola (BNA), the Financial Inclusion Index rose to 51.73% in the first quarter of 2026, up from 49.97% in the previous quarter, bringing the country closer to its target of achieving 65% financial inclusion by 2027. The figures were released in the communiqué issued following the 9th Ordinary Meeting of the Coordination Committee for the National Financial Inclusion Strategy (CCENIF).
The results were reviewed during the Committee’s 9th Ordinary Session, held on 24 July at the Presidential Ceremonial Meeting Room in Cidade Alta, under the chairmanship of the Minister of State for Economic Coordination, José de Lima Massano.
During the meeting, the Committee assessed the implementation of the resolutions adopted at the previous session, the progress of actions under the National Financial Inclusion Strategy (ENIF), developments in the Financial Inclusion Index, and the performance of the KWiK platform.
According to the BNA, “this result demonstrates continued progress in the use of bank accounts, electronic money accounts and other formal financial services by the population, reflecting increased access to and use of the formal financial system.”
The current performance of the index reinforces Angola’s path towards achieving the ENIF target of 65% financial inclusion by 2027. The strategy aims to expand access to formal financial services by encouraging greater use of banking services, electronic payment instruments, credit, savings, and insurance products.
The Committee also noted progress in implementing the actions set out under the ENIF. Of the 68 planned activities, approximately 75% are currently being implemented, 11.8% have already been completed, and 13.2% have yet to begin.
Among the main achievements identified were the digitalisation of social programme payments, the integration of new settlement services into the KWiK platform, the development of a regulatory framework to expand funding sources for Micro, Small and Medium-sized Enterprises (MSMEs), the development of Agricultural Insurance, and the strengthening of financial literacy initiatives.
In the field of electronic payments, the KWiK platform maintained the strong growth recorded in recent quarters. According to the communiqué, between April and June 2026, the number of transactions increased by 119.8%, rising from 5.44 million to 11.96 million compared with the same period in 2025.
During the same period, the total value of transactions processed through the platform increased by 134.8%, rising from AOA 137.18 billion to AOA 322.04 billion. According to the Committee, this performance confirms the growing adoption of electronic payment methods by individuals, businesses, and public institutions.
Among the strategic initiatives reviewed during the meeting, the Committee highlighted the progress made in expanding access to the National Identity Card. To date, 13,176,656 citizens aged 18 and over possess the document, representing approximately 65% of the country’s adult population—a prerequisite considered essential for facilitating access to formal financial services.
The Committee also highlighted the digitalisation project at the 1.º de Agosto Market in Catinton, where 80 female vendors have begun paying their daily market fees electronically. The initiative currently includes 672 registered traders and records more than 700 digital payment transactions per day, serving as an example of the potential of digitalisation to promote financial inclusion and the gradual formalisation of commercial activity.
Source: O Telegrama
