Africa's fintech start-ups have recently registered impressive growth. Many foreign firms are keen to invest in the continent.
The African continent has 55 countries with a population of 1.3 billion. Investors are keen to put money into start-ups.
Africa is the third-largest market globally.
This is among the reasons for the growth of fintech start-ups in Africa, which is teeming with these companies.
The other reasons for Africa to attract global firms are its rich natural resources and cheap labour.
COVID-19 Impact
The COVID-19 has impacted Africa's growth but it did not deter the foreign companies from investing in the region.
Furthermore, many African nations have approached the World Bank and IMF seeking loans to fight COVID-19.
AfCFTA push to fintech
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