Africa is a mobile-first continent. With almost 70% penetration and the innovations around mobile money, the continent is redefining what one can do with a cell phone.
With the rapid spread of digital financial services, many in the wider public are now familiar with mobile money and have some idea of what it is.
Kenya’s Safaricom (SCOM.NR) and U.S. company MoneyGram International (MGI.O) have agreed a deal for money to be sent from abroad to Kenya through their money transfer services, targeting more than $1 billion sent in remittances every year.
Once upon a time I believed Lagos, Nigeria was the centre of the [Africa] universe.