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Committee of Insurance, Securities and
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Consumer Education / Financial Inclusion

The first meeting of Financial Inclusion Subcommittee took place in March 2021. The subcommittee endorsed the Financial Inclusion Workplan and agreed on the specific outputs and key activities:

  1. SADC Strategy for Financial Inclusion and SMEs Access to Finance evaluated and disseminated.
  2. Enabling regulations at national and regional levels developed and operational.
  3. Existence of Financial Inclusion Data indicators.
  4. Engagements with Financial Service Providers in the region on product and services innovation for financial inclusion strengthened.
The Terms of Reference to review the financial inclusion strategy was approved and four Technical Teams were set up to work on specific output areas as follows:
  1. Review of the Financial Inclusion Strategy
  2. Promote Supply and Access to Innovative Financial Services and Products
  3. Consumer Protection and Financial Education
  4. Financial Inclusion Data and Indicators
The SADC Secretariat held the kick-off meetings in April 2021 for the assignments under the Support to Improving the Investment and Business Environment (SIBE) Programme. The Short Term Experts (STEs) presented the Inception Report during a meeting held in May 2021. The stakeholder engagement plan includes engaging with stakeholders at regional and national levels, including subcommittees.

Four Technical Working Groups (TWGs) were set up to implement the Financial Inclusion Work Plan 2021-2022

CISNA has selected to be part of TWG 1, 2 and 4 and possibly part of TWG 3.

  • Review implementation of the SADC Strategy on Financial Inclusion and SMEs Access to Finance
  • Monitor progress on implementation of the SADC Strategy for Financial Inclusion and SMEs Access to Finance and produce reports to the Committee of Ministers of Finance and Investment through the Senior Treasury Officials
  • Develop National Financial Inclusion Strategies in line with the SADC Strategy on Financial Inclusion and SMEs Access to Finance in those Member States which have no strategies
  • Develop a market conduct and consumer guidelines on financial inclusion
  • Identify priorities and develop timelines for harmonization and capacity building of financial inclusion in the region
  • Identify and develop standard financial inclusion indicators for SADC
  • Support the development of financial education materials targeting women entrepreneurs
  • Promote women-targeted financial products and services in the region
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The Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) was established in 1998, pursuant to Annexure 10 of the SADC Protocol on Finance and Investment as a committee of authorities responsible for the supervision of insurance, securities, and non-banking financial institutions (NBFI) in SADC Member States. CISNA is part of the Directorate of Finance, Investment and Customs of the SADC Secretariat and reports to the SADC Committee of Ministers of Finance and Investment through the Committee of Senior Treasury Officials.

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