PayU: 10 trends for fintech in Africa 2021

Karen Nadasen, Country Manager, South Africa, PayU, Africa
|Apr 18|magazine1 min read

8. More attention on Africa’s growing tech hubs

Tech hubs are booming right across the continent, growing in number by more than 50% in just one year. Nigeria, South Africa and Egypt are currently leading the pack, with Lagos strengthening its position as the continent’s Silicon Valley after welcoming behemoths like Facebook. With tech-enabled entrepreneurship cited as the key to unlocking African economic growth, all eyes will be on the hubs to produce networks, innovators and entrepreneurs that will help the continent thrive.