No it’s not. There are pockets, but virtually all of the innovation in Africa is happening in Kenya, Ghana, Nigeria, and South Africa. That’s a small slice of an enormous continent.
I don't know anything about fintech in Africa, but the countries you listed have a total population of 318 million people. That's about 26% of the total population in Africa, a pretty large slice isn't it?
Yes, but even the innovation in those countries is concentrated in a few key cities. Akkra, Nairobi, j'burg, etc. There are huge disconnected swaths of people in all of those countries.
It's nuts to imagine that Africa as a continent compares to the West in terms of fintech. We like to imagine Africa as a monolith; it's a terrible mistake.
Sure, I will concede that. Africa as a whole is not ahead. But there is financial innovation there to a degree that surprises a lot of people in the West - just meant to spread awareness of this
