Annual remittances in Africa are worth $40bn but the cost of money transfer is the highest in the world. Fintech firms have reduced the cost to a fraction.
Fintech is revolutionising financial services in Africa, reducing the cost of transactions and providing financial access to millions across the continent for the first time.
Funding for the African tech sector is soaring and tech hubs are springing up rapidly, but the headline figures tell only part of the story.
Trade between African countries is meagre, but pan-African companies have the ability to increase it.
Ecobank is already present in more African countries than any rival, but CEO Ade Ayeyemi has a vision of something even bigger.
M-Kopa CEO Jesse Moore confronts Africa’s poor energy access with mobile money and solar power.
With its abundance of clear skies and sun, and its limited electricity infrastructure, it is little wonder that Kenya is emerging as a big market …
Launched in 2007, the M-Pesa mobile money service – introduced by dominant mobile operator Safaricom – is used by 70% of Kenya’s adult population, and …