Africa’s displacement zones may be the continent’s least contested fintech market. While more than 850 commercial banks and 1,200 fintechs compete for mainstream African consumers, fewer than 10 formal financial institutions have built products for the continent’s 27 million displaced people.
That gap represents a $3.2 billion formal financial services opportunity sitting in markets where mobile money adoption already exceeds continental averages in several conflict-affected settings. A report launched today by Amahoro Coalition makes the commercial case for fintech and digital financial services players to move before the window closes.
The report draws on household survey data from more than 10,000 families across Kenya, Uganda, Ethiopia, Somalia, Nigeria, Niger, Mali, Cameroon, and beyond, and makes the case that Africa’s displacement zones are not humanitarian dead ends. They are commercial frontiers with concentrated demand, available labour, and almost no formal competition.
The findings are striking. More than half of Africa’s displaced
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