Zim incomes decline

ZIMBABWE’S incomes have been on a decline from 2011 to 2014 and mobile money operators now dominate financial inclusion in the country, a latest report on financial inclusion has shown.

The average incomes for Zimbabwe have declined to $134 in 2014 from $143 in 2011, meaning more people are sliding into poverty.

Speaking at the launch of the Making Access Possible stakeholders workshop yesterday, Centre for Financial Regulation and Inclusion director Hennie Bester said the declining incomes have depressed the use of formal financial services.

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