mobile money

Nigeria Outlook and a New Dawn for Growth

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Nigeria Outlook and a New Dawn for Growth

Sources: 1 Morgan Stanley Investment Management calculations using UN Population Database data from Haver Analytics. 2 Morgan Stanley Investment Management calculations using IMF and UN data. 3 Africa’s new millionaires are coming from its less fashionable economies, Semafor, April 13, 2023. https://www.semafor.com/article/04/13/2023/africas-new-millionaires-not-from-nigeria-south-africa 4 On why I remain bullish on Nigeria, Ken Opalo, Substack, March 16, 2023. https://kenopalo.substack.com/p/on-why-i-remain-bullish-on-nigeria … Read more

Visa, Mastercard want a slice of Africa’s mobile money

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Visa, Mastercard want a slice of Africa’s mobile money

JOHANNESBURG—African fintech companies have found creative ways to help the continent’s consumers spend their money. Traditional payments companies want in. JOHANNESBURG—African fintech companies have found creative ways to help the continent’s consumers spend their money. Traditional payments companies want in. Global payment giants, including Mastercard and Visa, are pouring billions of dollars into African companies … Read more