"Nigeria's Work Ethic is Its Greatest Asset": Okoudjou, CEO of Onafriq, Discusses Creating a Pan-African Fintech Company

Challenges in African Fintech: Dare Okoudjou, CEO of Onafriq, highlights that Africa's biggest barrier to progress is not a lack of capital or infrastructure, but rather the unpredictability of regulatory environments, which stifles innovation and investment.

Fragmentation of Payment Systems: The continent's economic fragmentation, characterized by numerous currencies and regulatory frameworks, leads to high transaction costs and compliance burdens, hindering cross-border trade and innovation.

Opportunities in Smaller Markets: Okoudjou sees potential in smaller African markets, which can adapt regulations and test innovations more rapidly, suggesting that speed is more critical than size in fostering fintech growth.

Future of African Fintech: Looking ahead, Okoudjou envisions a more interconnected fintech landscape that prioritizes predictability and interoperability, enabling even small players to thrive and contribute to the continent's economic development.