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Africa: Strengthening Regulatory, Leadership and Management Capacity of the Financial Co-op Sector: Completed

The financial co-operative sector in Africa is rapidly gaining popularity as a vehicle to extend a full range of financial services to populations and regions underserved by other financial service providers.
However the growth and popularity of the credit union movement is exceeding the availability of qualified human resources to manage and lead these movements within a constrained legislative and regulatory environment.

This presents a dilemma for co-operative development in Africa, as while financial co-operatives are reaching out to populations to provide financial services they represent a risk to members with unqualified management and inappropriate or non existent regulations.

African Credit Unions and SACCOS meet bi-annually at ACCOSCA

To help combat this problem, CCA (in co-operation with the World Council of Credit Unions and the Irish League of Credit Unions Foundation) sponsors a bi-annual regulators roundtable to increase the capacity of African Governments to regulate the credit union sector and promote the adoption of prudent regulation by governments that do not have an appropriate environment. As well as sponsoring participation of representatives' from its partner countries CCA provides Canadian experts at each forum as a source of technical assistance and knowledge. 
 
CCA is working in partnership with ACCOSCA to develop an Africa Women's Forum to run  in conjunction with the annual ACCOSCA leadership forum to increase participation of women in this forum.

This project supports and collaborates with regional bodies such as the International Cooperative Alliance (ICA) and the African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) to enhance African solutions to African challenges.  
Budget:
$81,220

Term:
4 Years

Direct Beneficiaries:
1000 individuals

Implementing Partner:
  • ACCOSCA (African Confederation of Cooperative Savings and Credit Associations)

Financial Partners:
  • WOCCU (World Council of Credit Unions)
  • ILCUF (Irish League of Credit Unions Foundation)