Diving Into Three of Africa’s Emerging Fintech Economies

Diving Into Three of Africa’s Emerging Fintech Economies

Africa has enormous potential for developing a sustainable fintech industry. Here is the analysis of the three flagship economics in Africa: Kenya, Ethiopia and Ghana. For many, Africa represents the final frontier of untapped economic growth. Across its diverse countries, growth rates continue to outpace those achieved in long-developed economies. Collectively, growth on the continent stabilized at 3.4% in 2019, and is forecast to reach 3.9% in 2020 and 4.1% in 2021. While these…

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Ghana Exploring Digitized National Currency, Says Central Bank Exec

Ghana Exploring Digitized National Currency, Says Central Bank Exec

Ghana is exploring a central bank digital currency “with the possibility of issuing” an e-cedi in the near future. The Republic of Ghana is exploring the benefits of issuing a central bank digital currency (CBDC), the governor of the country’s central bank says.Ernest Addison, a Ghanaian economist currently serving as the governor of the Bank of Ghana (BoG), revealed that the bank is working with key stakeholders to explore a pilot CBDC project.In a…

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