DCA Digital Digest: FinTech Investing in Africa: Beyond retail payments and nano-credit

1. FinTech Investing in Africa: Beyond retail payments and nano-credit

More than 70 percent of FinTech venture funding in Africa has gone to retail payment and consumer credit startups. This is nothing new: payments are ubiquitous and digitizing them clearly saves time and money.

2. Africa’s Contribution To The Disruptor Economy

52% of the companies on the Fortune 500 in the year 2000 no longer exist today. Simply put, they were disrupted – Rob Jardine, Head of Research and Solutions. Thus, what role has Africa played in the disruptor economy and what role will it play in the future?
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3. Kenya sets aside Sh1bn to develop domestic mobile phone industry

African nations like Kenya who do not have a solid industrial base, have been trying to replace imports with local products in order to save their hard currency and remove pressure on their foreign exchange rates.
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4. Access to the internet becoming expensive for billions globally. We must act now to get the world online

A new report by the Alliance for Affordable internet says over two billion people live in countries without affordable internet. That means getting connected to the internet is becoming challenging for many. That also cuts off many from enjoying the opportunities that come with getting connected.
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