2018 will be the year African fintech takes off

Next year will be a good year for Sub-Saharan Africa. After a challenging 2017 for many of its nations, 2018 will see economic growth return across the continent, gas activity boom and fintech innovation pick up in speed.

So says Ecobank Research as it recently launched the newest version of its yearly Fixed Income, Currency and Commodities Guidebook, which provides analysis on African markets for investors and businesses.

The research department of the Pan-African bank forecasts three key trends that will take hold across Africa during the next 12 months. GTR takes a closer look at them.

1. Rebounding economy after a trying year

Low commodity prices have hit many economies across the African continent over the past few years and put the brakes on years of steep growth. But 2018 is expected to be the year that gives African growth a new boost.

“Growth is returning to Africa next year,” Edward George, head of Ecobank Group Research, tells GTR. “Now that doesn’t mean we are seeing these amazing growth rates we saw maybe 10 years ago of up to 5% a year, but growth is definitely returning.”

Read more: https://www.gtreview.com/news/africa/2018-will-be-the-year-african-fintech-takes-off/

Leave a Reply