Forbes Africa - August - September 2021

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In the August-September 2021 issue of FORBES AFRICA, read about Nigeria's fintech frenzy! Africa’s biggest economy has a bright new star – its financial technology industry, which is attracting fresh funding and a raft of new startups, investors and venture capitalists. The unicorns are emerging, slowly but surely, in this hub that’s witnessing a revolution in its bustling financial services space. The sector raised some $439 million in 2020 alone representing 20% of the capital raised by all African tech startups. The growth is down to a number of key factors, namely a youthful population, increase in smartphone penetration and a combination of new regulatory frameworks that have increased the use of cashless payments. Also in this issue, we look at innovations in the oxygen economy. Should South Africa face an oxygen crisis in a severe fourth wave of the Covid-19 pandemic, is it prepared to combat the shortage? We also cover in-depth the recent protests and riots in South Africa, with images from the ground, on how they dented the country's economy and SME businesses. We then look at the new wave of French businesses in Rwanda; there's an essay from Kamala Harris and an exclusive with Hollywood actor and entrepreneur Jessica Alba in addition, whilst we also look at 65 years of the Women's March in South Africa, commemorated on August 9. All this and our regular dose of entrepreneur and change-maker profiles in this issue, out now!