Africa loses approximately 88.6 billion USD annually due to illicit financial flows, according to a 2022 UNCTAD report. This sum is equivalent to 3.7% of the continent’s GDP. Examples of such flows include criminal activities like money laundering and terrorism…
The telecommunications sector is one of the pillars of the digital transformation in Africa. Its rapid expansion has led to a considerable increase in the number of devices and data-driven services, and therefore in the volume of data carried on…
As a provider of RegTech solutions that enable governments, telecom regulators and central banks to ensure the good governance of mobile services, GVG needs to keep its finger on the pulse of the mobile industry. And what better place to…
Africa has been steadily working its way towards integration, with a view to promoting economic development. Telecommunications services play a significant part in supporting integration. Indeed, they narrow the digital divide and enable connectivity, as well as cross-border communication and…
Taxes are essential to development. Governments use the collected tax revenue to finance infrastructure that supports socioeconomic growth. Africa is no exception. The continent has vast development needs and has implemented ambitious projects to meet them. As a result, it…
Over the past two decades, Africa has witnessed significant innovation in terms of digital payments, especially since the pandemic. Cash may indeed see its dominance being challenged over the next years, as the transition to digital payments accelerates. Nevertheless, some…
Transforming Africa into a single digital market by 2030 is an ambitious objective of the African Union. The health of the African ICT sector is a crucial factor of success. This sector has grown significantly over the past two decades,…
From humble beginnings in 2007, mobile money is now considered as a mainstream financial service in many African countries. The pandemic promoted this evolution. However, despite their significant benefits in terms of financial inclusion, mobile money services are vulnerable to…
Maintaining fintech’s momentum in Africa Maintaining the fintech momentum in Africa is key to enabling sustainable growth. Fintech and its transformative potential were therefore among the themes of the latest Mobile World Congress, held in Kigali, Rwanda. The event focused…
Can interoperability solutions help further promote financial inclusion in Africa? Over the past decade, sub-Saharan Africa has witnessed significant progress in terms of financial inclusion. According to the CGAP, financial account ownership and usage have indeed increased during this period,…
