Daily Archives: January 18, 2017
Mobile money, payments innovation and the impact of blockchain are radically transforming the financial services landscape. This transformation is having a powerful impact across Africa where the acceleration of mobile phone penetration has already revolutionized the reach and eﬀectiveness of ﬁnancial services on the continent. Established banking and mobile phone companies, together with new challengers and FinTech disruptors, have tapped into this revolution to further boost FinTech in Africa as one of the most dynamic, transformative and fastest growing markets – creating tremendous potential for delivering positive change to how consumers and corporates engage financial services throughout Africa.
From 3.5 per cent growth in 2015 to 1.4 per cent in 2016, there has been a decline in growth rates in Sub-Saharan Africa. Also in South Africa, the government budget and reports during the last quarter of 2016 indicates a growth rate expectancy of 0.5 per cent in 2016 while anticipating for a 1.3 per cent growth for this year.
Ghana’s Tema Oil Refinery, following recent expansion news to double capacity, has also figured out an urgent need to reinforce its activities to enable it to have a fair beneficial share of upcoming multi-billion dollar refinery by Africa’s richest Aliko Dangote of Nigeria.
Kalpak Gude, President of the Dynamic Spectrum Alliance, today addressed why the Spectrum Revolution is integral to the future 5G world.