Fintech Technology Is A Potential Driver Of African Economies
The Economic Insight: Africa report provides a snapshot of East Africa, Central and West Africa, Franc Zone, Northern Africa and Southern Africa’s economic performance.
According to the report; East Africa is expected to remain the strongest growing region with a 6.3% economic expansion this year. Ethiopia, Rwanda, Tanzania
African economic growth has in general been driven by public infrastructure investment and the expansion of services to a largely underserviced population. However, financial technology (FinTech) is increasingly receiving attention from both private and public sector, facilitating innovation in other sectors of the economy and allowing African nations to leapfrog more traditional infrastructure.
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Almost one-third of total funding on the continent was raised by
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The Franc Zone is expected to record a commendable 4.9% expansion this year. Senegal saw a relatively free and fair election in February setting the stage for
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