The regulatory quagmire stifling Francophone Africa’s startups
- The Ghana and Rwanda agreement allows licensed fintechs to operate in both markets with minimal additional authorizations.
- The FinTech Forum in Kigali showcased the potential for regulatory interoperability in Africa.
- The OHADA aims to standardize commercial laws but often hinders startup growth due to rigid structures.
The challenges faced by startups in Francophone Africa highlight a critical need for systemic reforms. Without addressing the bureaucratic hurdles and outdated financial regulations, the region risks stifling its entrepreneurial potential. A proactive approach to modernizing the legal and financial frameworks is essential for fostering innovation and attracting investment.
