The growing use of mobile phones in Africa is presenting opportunities for fintech, insiders say. Photo: AFP
China /  Diplomacy

Why Chinese capital is venturing into Africa’s fintech future

  • Deterred from the United States, China-based VC funds are tapping into the ‘spontaneous development’ breaking out from Nigeria to South Africa
  • The continent needs banking services and some first-movers are aiming to make the most of the growing uptake of mobile phones to plug into the potential
Topic |   China-Africa relations
Jevans Nyabiage
Jevans Nyabiage

Updated: 9:10pm, 8 Dec, 2019

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The growing use of mobile phones in Africa is presenting opportunities for fintech, insiders say. Photo: AFP
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Jevans Nyabiage

Jevans Nyabiage

Kenyan journalist Jevans Nyabiage is South China Morning Post's first Africa correspondent. Based in Nairobi, Jevans keeps an eye on China-Africa relations and also Chinese investments, ranging from infrastructure to energy and metal, on the continent.