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Is Ethiopia Africa's Sleeping Fintech Giant?
- Source :
- Business Post Nigeria; 1/10/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Ethiopia has the potential to become Africa's next fintech giant due to its large population, high economic growth, and increasing connectivity levels. The country has recently opened up its telecommunications sector, allowing for the growth of mobile money platforms like M-Pesa. The establishment of an Ethiopian stock exchange and the government's supportive policies, such as the National Financial Inclusion Strategy, further contribute to the development of a fintech ecosystem. While there are challenges to overcome, such as interoperability and access points, Ethiopia is on track to unlock its fintech potential and become a major player in the industry. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Business Post Nigeria
- Publication Type :
- Periodical
- Accession number :
- 177344684