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The rise and fall of fintech startup companies in Africa: Why Africa needs to protect her own

Source: Francisca Serwaa Boateng

The rise and fall of fintech startup companies in Africa: Why Africa needs to protect her own

Whenever I am on a professional networking social media site, my favourite reads in my feed are those very touching personal stories: a great grand mom of 80 years receiving her first degree in Adult Education on the same day as her 21 year-old great granddaughter graduating summa cum laude in aeronautical science; an elated young bloke showing off a photograph of his beloved dog standing on one of its hind legs (or is it, feet?) for the very first time and doing a canine dance. Such stories keep me sane. 

A couple of weeks ago, I came across a news item that immediately caught my attention. The news was to the effect that, a rich American company had bought a young and burgeoning payments system fintech company set up, owned and operated by two youthful Nigerians.

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