News & Analysis: FinTech

E-Conomy Africa 2020: Africa’s $180 billion Internet economy future

“Africa’s Internet economy is transforming development on the continent by fostering economic opportunities, creating jobs, and providing innovative solutions to complex challenges, like access to healthcare, education, and finance.”

via IFC

The Case for Digital Identity in Africa during and post-COVID-19

COVID-19 Africa Watch talks to Tunde Fafunwa, Lead Advisor for the UNECA Digital Centre for Excellence, about the importance of digital identity for economic recovery.

via COVID-19 Africa Watch

Banks accelerating digitisation in wake of COVID-19

“COVID-19 has accelerated the move towards full-spectrum digitisation of banking services. While the process has been at an advanced stage in countries like Kenya, other African nations, such as Nigeria, are adapting rapidly.”

via African Business Magazine

Africa’s booming tech hub of Lagos braces as pandemic bites

“Over the past five years, Lagos has become Africa’s fintech centre and the continent’s most vibrant tech hub, attracting large investment in financial networks across Africa.”

via Financial Times

2020 Global COVID-19 FinTech Regulatory Rapid Assessment Study

“COVID-19 has forced many regulators to reconsider the foundational building blocks of their digital infrastructure.”

via World Bank

African money transfer firms thrive as pandemic spurs online remittances

“The pandemic gave remittance companies an advantage over their main competition in Africa: the sprawling informal networks of traders, bus drivers and travellers used by many migrants to send money home.”

via Reuters

COVID-19 and migrant remittances: Supporting this essential lifeline under threat

“Facilitating remittance flows is one of the best ways to directly support people in need, provide an economic boost to countries, and thereby quicken an international recovery.”

via Brookings Institution

COVID-19 has increased hunger in South Africa. So what works best to improve access to food?

“South Africa’s expansion of social grants during lockdown was a good move — new evidence shows such cash transfers are effective in reducing food insecurity. But the country may need more of these and may also have to increase their amounts.”

via Bhekisisa Centre for Health Journalism

Interview with Lionel Zinsou: Priorities for Private Sector Growth and Attracting Investment in a Post-Pandemic Africa

Lionel Zinsou, Founder and Managing Partner of SouthBridge and former Prime Minister of Benin talks to COVID-19 Africa Watch about opportunities for private sector growth and investment post-COVID-19.

via COVID-19 Africa Watch

Pandemic spurs Africa’s mobile telcos to ramp up banking bid

“Africa’s mobile phone operators are ramping up plans to bring banking to millions of Africans, in some cases for the first time, after the coronavirus crisis caused a surge in use of digital financial services.”

via Reuters