FinTech and the African Continental Free Trade Area

The African Continental Free Trade Area (AfCFTA) represents a bold and historic step toward regional economic integration, offering potential for intra-African trade, job creation, and inclusive development. Yet, the success of this ambitious initiative hinges not only on tariff liberalisation and infrastructure development but also on the ability of African economies to build a cohesive and interoperable digital financial architecture.

This book provides an in-depth and interdisciplinary examination of how financial technology (FinTech) can support the realisation of AfCFTA’s goals. It explores key pillars such as digital payment systems, mobile money interoperability, blockchain for trade finance and supply chains, digital identity and Know Your Customer (KYC) protocols, cybersecurity, and the harmonisation of regulatory frameworks. Drawing on diverse African case studies, the book highlights both opportunities and structural challenges in building a secure, inclusive, and innovative digital financial ecosystem across the continent. By linking technological solutions to institutional reforms, it demonstrates how FinTech can enhance cross-border trade, bridge financial gaps, and empower small businesses and informal sector participants. The book’s themes directly align with current high-level policy goals, including Africa’s Agenda 2063, the United Nations Sustainable Development Goals (SDGs), and ongoing digital transformation efforts.

The book is essential reading for academics, students of digital financial inclusion, FinTech regulation, and innovation policy in emerging markets, especially within the frameworks of institutional and regional integration theories. It will also appeal to policymakers, regulators, FinTech innovators, and development practitioners interested in Africa’s digital and economic integration journey.