Jide Akindele, MMIT: Mobile wallets in Africa supersede cash, leapfrog card payments and aim to be part of an international ecosystem The African consumer market is regarded as the next investment frontier with a population of over a billion and home to 7 out of the 10 fastest growing economies …
Nigeria’s current retail consumption is listed at $388 Billion per year and could rise to $1.4 trillion per year by 2030 according to a report by Mckinsey’s Global Institute. To achieve that estimate and sustain it Nigeria’s retail industry is going through drastic change. Retail growth is being fuelled by …
Zimbabwe, formerly Rhodesia, was one of the last countries to gain its independence from colonial rule in 1980. Prior to independence Zimbabwe had a diversified economy, well developed infrastructure, and an advanced financial sector. It is now one of Africa’s poorest countries. The current president, Robert Mugabe, has been in …
According to the Alliance for Financial Inclusion, mobile money accounts now outnumber bank accounts in nine African countries. Among them is the east African country of Tanzania – the next destination for MMIT’s Mobile Market Look series. Tanzania is the second largest economy in east Africa and ranked the 6th …
Nigeria is the largest country by population in Sub-Saharan Africa and it also has the biggest economy. By 2030, one in every six Africans will be Nigerians, and Nigeria will have one of the 25 largest economies in the World. One area to look for continued growth and real opportunity …
The next country we are visiting in our “Mobile Market Look” series is the East African country of Uganda. Uganda is a small landlocked country surrounded by the Sudan to the North, the Democratic Republic of Congo to the East, Kenya to the West, and Rwanda and Tanzania to the …
Ghana’s Mobile Landscape: The next destination in MMIT’s mobile market series is Ghana, a country that is populated by more mobile phones than people. Ghana presently has a mobile phone penetration rate of nearly 109%, one the highest in all of Africa. However, this statistic does not equate to every …
September 17th 2014 London, UK – MMIT is pleased to announce its nomination for the 2014 CFI Best Mobile Banking Solution Nigeria. CFI, Capital Finance International, is a print journal and online resource that has been in existence for over 170 years and reports on business, economics, and finance. MMIT …
What lies beneath the surface of a troubled country? People may question why would a company consider doing business in a country like Nigeria with poor infrastructure, frequent terrorist attacks, political instability, corruption, fraudulent internet activities, and more than 40% of the population living below the poverty level. What benefits could …
This will be the first in our new series, “Mobile Market Look”, where we look at mobile markets in Africa and other emerging countries around the World. Kenya is one of the hotbeds in terms of mobile innovation and sophistication and we hope you enjoy this article and please feel free to …