The digital transformation is reshaping the African socioeconomic landscape, by facilitating cross-border communication and financial transactions. However, a fragmented regulatory framework impedes its potential. Harmonizing the regulatory framework in Africa would create a level regulatory playing field on the continent. But in spite of various initiatives aiming to support it, it remains an unfinished task. In this op-ed, James Claude, GVG’s CEO, contends that enhanced collaboration between regulatory authorities, the implementation of additional dedicated regulatory sandboxes and the building of the authorities’ technological capabilities are some of the key building blocks of regulatory harmonization in Africa.
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