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Despite mobile money boom, cash remains king in Africa, undermining potential benefits

Africa's continuing dependence on cash is costing the continent billions of dollars annually in lost economic opportunities, higher transfer costs and restricted access to credit. This is according to a report published by Affinity Africa, a Ghanaian digital financial services company. The report was produced in…

African BusinessBy Kwame Ofori Appiah
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Despite mobile money boom, cash remains king in Africa, undermining potential benefits
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Original headline: “Despite mobile money boom, cash remains king in Africa, undermining potential benefits”

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