CGTN: Fintech Funding: AZA Finance: We’ve seen growth of Chinese Fintech companies

Over the past decade, AZA Finance has been instrumental in facilitating direct transactions between Africa and Asia, particularly China, bypassing traditional routes through the US or Europe. CEO Elizabeth Rossiello highlighted the significant import activity from China to Africa, amounting to hundreds of millions of dollars monthly. Rossiello observed a shift in investment perceptions towards Africa, noting increased investor interest and the resilience of fintech companies. Advanced technologies, especially AI, play a crucial role in transaction monitoring and scaling models across Africa’s 55 markets. However, Rossiello emphasised the need for balanced regulation and private enterprise collaboration, acknowledging the nascent state of fintech and AI regulations in many African markets. Read it here.

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