Editor’s Note: In 2024, the United Nations Economic Commission for Africa (UNECA) published the Study on FinTech in Eastern Africa (hereinafter referred to as the "Report").  

        The Report provides a systematic analysis of the current state of the FinTech ecosystem in Eastern Africa, with detailed examinations of:  

        Key drivers propelling the growth of the FinTech sector, including demographic shifts, mobile internet infrastructure development, and gaps in traditional financial services.  

        The role of FinTech in empowering small and medium enterprises (SMEs) and advancing financial inclusion, particularly through innovations in cross-border payments, AI-driven credit scoring, and blockchain-based transaction systems.  

        Major challenges facing the industry, such as cybersecurity vulnerabilities, regulatory compliance burdens, and talent shortages in emerging technologies like AI and blockchain.  

        Policy recommendations to address infrastructure gaps, enhance regulatory harmonization, and foster public-private collaboration.  

        core focus is placed on technological innovation, mobile payment adoption, and FinTech’s unique contributions to economic resilience and inclusive finance in the region. For instance, mobile wallets like Kenya’s M-Pesa have processed transactions equivalent to twice the country’s GDP, demonstrating their systemic importance.  

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