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Not everyone who needs access to
life’s necessities has it—a problem
SlimTrader is dedicated to solving.
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To be sure, many of Africa’s 50-plus individual economies face
serious challenges, including poverty, disease, and high infant mortality.
Yet Africa’s collective GDP, at $1.6 trillion in 2008, is now roughly equal to Brazil’s or Russia’s, and the continent is among the world’s most rapidly growing economic regions. This acceleration is a sign of hard-earned progress and promise.
– McKinsey Global Institute, June 2010
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In Africa, withdrawing money, paying a bill, and other essential tasks often involve an arduous journey, a day-long wait, or some other hardship.
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From Algeria to South Africa, the
availability of basic goods and services isn't the problem. It's
access to them.
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The proliferation of mobile phone and smartphone networks has fueled a phenomenal growth in Africa’s economy.
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Africa boasts a GDP of
$1.6 trillion as of 2008,
according to the
McKinsey Global Institute.
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Since 2000, more than 316 million people in Africa have signed on for mobile service.
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From Senegalese fisherman to Nigerian financiers, mobile phones have transformed the way Africans do business.
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The result of massive investment by the mobile phone industry in Africa: Reduced costs, new payment platforms, and
information exchanges.
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