Central Bank Digital Currencies (CBDCs) offer a potential solution for promoting financial inclusion in Africa. This article examines the benefits of CBDCs, including cost-effective cross-border transactions, easier access to loans, and more efficient distribution of funds for social welfare programs. By revolutionizing the current monetary system, CBDCs have the potential to create new pathways of upward mobility for underserved communities, while improving government service delivery. However, implementing CBDCs correctly is no small feat, and authorities must carefully tailor CBDCs to the needs of their end-users, including the unbanked and underbanked.
