Inclusive FinTechs in Francophone Africa: Senegal country report
With a vibrant startup ecosystem and growing access to investors, Dakar ranks ninth in Africa in terms of Fintech activity, according to the Global FinTech Index City Rankings 2020. The Government of Senegal is supportive and wants to enhance the growth of digital industries and strengthen the entrepreneurial ecosystem, yet FinTechs need access to funding and qualified staff.
COVID-19: Impacted yet proactive youth response to the crisis through innovation
COVID-19 has disrupted normal life—in terms of health, economy, and society. The pandemic is unique in that it affects all segments of the population, including youth. Young people are more vulnerable to declining labor demand. However, instead of giving up, youth have shown their resilience and turned this crisis into business opportunities, creating brilliant initiatives.
OTC transactions are one of the most contentious issues in digital financial services (DFS). Some argue that OTC can decrease provider profitability, stymie product evolution, and can lead to unregistered transactions increasing the risk to terrorism financing and money laundering.This blog seeks to demystify one of the five concerns by analysing evidence from ANA research countries: OTC can prevent product evolution.
Is the non-exclusive agent network model paying off in Senegal?
The Helix Institute’s Agent Network Accelerator (ANA) Senegal country report, indicates that high levels of non-exclusivity (66%) among Senegalese agents offering competing products brings a great diversity of actors in a booming market. This blog looks at some of the advantages and challenges of the non-exclusive agent network model in this market.