The African economy has witnessed a sudden inrush into her fintech future by the Chinese, years ago the continent seems to be lagging in technological development until recently. Prior to the advancement, African fintech, Chinese Investors having a foresight of the potentials Africa possesses quickly moved in to invest greatly in various countries across the continent.
African fintech, Chinese Investors along with their varous organizations investing in African fintech economy is a rare practice, until recently, the continent has witnessed huge investment in its fintech economy following the platforms established in Lagos, Nigeria.
In Nigeria precisely, the sudden inrush into African future has been so alarming, Opay system is one of the well-recognized Chinese owned and managed company, the Opay system enabled numerous features such as mobile banking, airtime top-up, mobile transportation, mobile food and lots more. There has been a massive rush in investment into the business economy.
In Lagos, the agent mobile banking system was rarely known due to poor financial enablement, the Chinese moved in having close observation of the challenges the country was facing quickly enabled the system by investing hugely. Given an enabling environment to mobile banking agents by providing all the required devices and training the willing agents also they invested hugely in the transportation system, creating a system that combats the traffic issues in Lagos at large.
The Chinese is playing a great role in Africa generally as per foreign investors scenarios, financial support in terms of loan, the African fintech space is a huge an enabling environment for profit generation, overtime the level of investors in the continent recorded low Chinese present following the inflow of chinse recently stands as an indicator that the continent has great potential yet unleashed, Nigeria being an enabling country has given chinse investors the opportunity to prove themselves by unleashing their business ideas in their desired sectors.
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