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Ranking Africa's Wealthiest Countries
Three out of 54 Countries in Africa, Nigeria, South Africa and Egypt, account for 46% of the entire Continent’s GDP. Nigeria, Africa’s wealthiest economy is the 31st largest economy in the world in 2021, with an economy that is slightly smaller than Austria’s. That means, if you’re a fintech founder in Africa, you are looking at Nigeria, South Africa and Egypt to give you access to over 440 million consumers, and 46% of the continent’s wealth.
Related Report
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The Future of Fintech in Africa
Eighteen percent of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, without a bank account or a digital wallet. This presents a massive opportunity, making fintech the most dominant and funded tech sector in Africa today. This special report highlights how African fintechs not only have one of the largest total addressable markets globally but are also crucial for achieving financial inclusion and empowering unbanked populations. The potential impact of a successful fintech in Africa is unparalleled. To learn more about the drivers, barriers, and opportunities in African fintech, as well as progress toward financial inclusion, read the special report.
