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

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