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The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are capitalising on the opportunities to disrupt or leapfrog established businessmodels to make financial services more affordable, accessible and profitable across the continent.
Companies need to be creative and find new businessmodels to take advantage of the shifting makeup of their operating countries’ populations. Over the next five years, some African economies (Ethiopia, Mozambique and Tanzania, just to name a few) are likely to grow as fast as, or faster, than some of the recent Asian champions.
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It’s still early days, but we launched a program called “ Pipeline ” and have now deployed 1,000 remote sensors in Ethiopia which are giving us not only functionality reports, but telling us exactly how many liters of clean water are flowing every day. Imagine installing them on every single well in Ethiopia. Or Uganda for example.
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