Africa poised for unprecedented mining boom BUSINESS INTERVIEW  | THE INDEPENDENT |  Africa is poised to experience an unparalleled mining boom that will unleash its immense potential and completely transform the continent’s economic terrain. Leading the push is the visionary Ugandan businessman Emmanuel Katto, who has expressed his deep hope and insight into the upcoming …

Innovations, entrepreneurs, and capital are reshaping Africa’s fast-growing electronic-payments landscape with solutions for consumers and businesses alike.

Data from the Global Findex Database indicate that the percentage of adults with bank accounts in Ethiopia has more than doubled since 2014 to reach 46%. However, despite this growth, financial equity in the population has decreased. In particular, there are significant disparities in account ownership based on gender, income, and education. As of 2022, women are 16 percentage points less likely than men to have an account, while adults in the poorest 40% of households face a 20-percentage point income gap. Additionally, there is a substantial education gap of 41 percentage points among adults with a primary education or less.

Internet penetration in Uganda jumped from 16.4m to an estimated 17.1m users in the second quarter of 2017 representing a 3.7% increase, according to the Uganda Communications Commission which regulates the industry. The report also shows that Uganda registered a 14.5% growth in mobile internet subscriptions, adding an estimated 1.6m new subscribers. Fixed internet subscription