Regtech Africa Conference is the premier Conference on Regulatory Services Innovation and Excellence with focus on Africa. It provides the platform for regulators, regulated and key industry stakeholders to engage, collaborate and share knowledge around new technologies and practices that support better regulations. The annual event connects hundreds of executives, thought leaders and decision…
While the Covid-19 pandemic rapidly accelerated a worldwide trend of digital transformation, inadequate infrastructure has hampered the shift in many emerging economies, limiting their capacity to fully capitalise on the opportunities stemming from the disruption. As such, it is necessary for public and private actors to collaborate on closing the gap, as high-quality ICT infrastructure is key to enhancing…
Financial technology (fintech) has been gaining momentum in Nigeria as start-ups look to create innovative solutions to fill socio-economic gaps such as exclusion from the formal banking system. An estimated 56% of Nigerian adults are unbanked and 36.8% do not have access to financial services. The country’s more than 200 fintech firms – which account for over half of all start-ups – aim to close…
Nigeria is the biggest economy in Africa, with GDP of $432.3bn in 2020, according to the World Bank, and home to one of the largest proven oil reserves on the continent. The country has developed an investment-friendly business climate over two decades of civilian rule and in the nearly 60 years since independence, boosted by its oil and gas wealth, and the entrepreneurial spirit of its young popu
Interview:Isa Ali Ibrahim Pantami In what ways did the Covid-19 pandemic affect Nigeria’s ICT sector and digitalisation efforts? ISA ALI IBRAHIM PANTAMI: In recent years the government has prioritised achieving an indigenous digital economy. In 2019 President Muhammadu Buhari renamed the Ministry of Communication Technology to the Federal Ministry of Communications and Digital Economy, highlighting…
Interview: Olugbenga Agboola In what ways has internet connectivity in Nigeria impacted the payments industry and the adoption of cashless payment options? OLUGBENGA AGBOOLA: Internet penetration in Nigeria is growing at a high rate. In 2020 Nigeria had 99.1m internet users, and this figure is projected to grow to 131.7m by 2023. Internet connectivity in Africa and Nigeria specifically is growing…
Nigeria is one of Africa’s largest ICT markets in terms of its share of telecoms subscribers and internet users, and this sector is set to grow in 2021, even as other areas of the economy remain constrained by the pandemic. ICT is being prioritised as part of the country’s longer-term goal of developing a digital economy supported by its large, youthful population. Indeed, the government has made…
Nigeria is one of Africa’s largest ICT markets in terms of its share of telecoms subscribers and internet users, according to the US International Trade Administration. The ICT sector is a critical driver of non-oil growth and a significant contributor to the country’s GDP. Furthermore, it is an enabler for digitalisation and the development of other key sectors such as health care, education,…
– A recent report has named Nigeria as the African country with the most tech start-ups – Launched in 2019, the Digital Economy Policy shows a commitment to boosting the sector – Various hurdles remain to be overcome, related to both regulation and infrastructure – 4IR start-ups are changing the face of Nigerian society and driving its Covid-19 recovery A recent report has highlighted…
– Covid-19 prompted widespread growth in sub-Saharan e-commerce – African giant Jumia used record expansion to fuel share demand – Limited ICT infrastructure remains a significant barrier in the region – The African digital economy is set to continue its exponential growth trend The coronavirus pandemic triggered an e-commerce boom in sub-Saharan Africa, alongside the rest of the world.…