CapPlus’ research into the market potential for financing low-fee private schools as an impactful SME sector continues, this time in Abidjan, Côte d’Ivoire. We thank UBS Optimus for funding this original field research and are pleased to share our new report: Banking on Education in Abidjan.
Abidjan’s private schools educate 54% of the city’s school children, including 70% of secondary school students – significantly higher than we’ve seen in other cities due to the government’s decision to partner with private schools to educate secondary students. As in other cities, the market is growing: 7% per year for the past 20 years.
We estimate 2,400 private schools operate in Abidjan, representing a $200 million market potential for financial institutions to extend credit and $153 million in cash transactions that could be captured.
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