The lack of financial infrastructure in many African countries is a significant barrier to accessing financial services, including:

1. Limited bank branches and ATMs

2. Inadequate payment systems

3. Insufficient financial data and credit reporting

4. Limited access to financial technology (fintech)

5. Underdeveloped capital markets

6. Inadequate financial regulation and supervision

7. Limited financial literacy and education

8. High costs of financial transactions

9. Limited access to financial inclusion programs

10. Insufficient financial consumer protection

This lack of financial infrastructure makes it difficult for people to:

1. Open bank accounts

2. Access credit and loans

3. Make and receive payments

4. Invest and save

5. Insure themselves and their businesses

6. Access financial information and advice

7. Protect themselves from financial fraud and risks

Addressing the lack of financial infrastructure is crucial to promoting financial inclusion, reducing poverty, and driving economic growth in Africa. This can be achieved through investments in financial technology, financial education, and financial infrastructure development, as well as policy and regulatory reforms to create an enabling environment for financial sector development.