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Growth, urbanisation and fintech: Africa's evolving economy over the last 10 years

Africa has experienced an acceleration of its economic and digital transformations over the last decade. This evolution is driven by strong population growth and rapid urbanisation, as well as an increasingly connected youth.

READ MORE : http://www.africanews.com/2026/04/20/growth-urbanisation-and-fintech-africas-evolving-economy-over-the-last-10-years

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00:00Africa has experienced an acceleration of its economic and digital transformations over the last decade.
00:07According to the International Monetary Fund and the African Development Bank,
00:12growth has remained around 3-4% despite crises.
00:17This is real progress, but fragile and very uneven across countries.
00:22This evolution is driven by strong population growth and rapid urbanization,
00:27as well as an increasingly connected youth.
00:31In this context, digital usage has expanded significantly,
00:35particularly via mobile devices, which have become central to exchanges and services.
00:41One of the most dynamic sectors is fintech.
00:45Companies like Flutterwave and Paystack in Nigeria have attracted international investment.
00:51In East Africa, Kenya is emerging as a hub for digital financial services.
00:56At the same time, cultural industries, particularly music, are benefiting from digital distribution
01:03and gaining international visibility.
01:06In terms of development, significant challenges remain,
01:09particularly the financing of infrastructure such as energy and transportation.
01:15The debt burden remains a constraint for many countries.
01:18Finally, economic integration is progressing, but remains incomplete,
01:24despite initiatives such as the African Continental Free Trade Area.
01:29The vision of France are also relating to the
01:30side of the world.
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