Fintech Boom Drives Financial Inclusion in Africa, Yet High Funding Costs Block Climate and Digital Progress

In a newly released report, the European Investment Bank (EIB) reveals that Africa’s fintech sector has nearly tripled in size since 2020, bringing vital financial services to underserved communities across the continent. However, the report, Finance in Africa 2024, also underscores significant barriers to growth: high funding costs and limited capital, which are hindering Africa’s […]