Africa’s financial mosaic: An advantage in the digital age
What to do with multiple currencies and an unbanked population? Fintech can be the glue.
Africa’s economic landscape is often described as fragmented. Its 40+ currencies, eight regional economic communities, and two currency unions are seen as obstacles to growth. In some quarters, they are also seen as the root cause of regulatory barriers and logistical complexity that hampers cross-border trade and inbound investment.