PayAngel chose Kenya as its entry point into Africa, coinciding with the Forty Under 40 Africa Awards hosted in Nairobi Its entry into Kenya aims to enhance the reception of money, particularly to M-Pesa, a popular mobile money platform in the country.

The company's head of growth and strategy, Joseph Elvis Lamptey, noted Kenya was a thriving hub within the African Continental Free Trade Area (AfCFTA) 

The summit in Nairobi took place before an awards event that will honour notable African entrepreneurs, inventors, government representatives, and chief executive officers (CEOs). 

Why Kenya was hailed as tech hub

As the home of M-Pesa, widely regarded as one of Africa's most prosperous mobile money businesses, Kenya was praised by summit speakers as a leader in innovation and described as"a land of opportunities." 

The summit's theme was building capacity and pioneering intra-Africa trade. Joseph Elvis Lamptey, head of growth and strategy at PayAngel, noted Kenya was a thriving hub within the African Continental Free Trade Area (AfCFTA).

“With its entrepreneurial spirit and young, tech-savvy population, Kenya is poised to be a major player in the AfCFTA's success story,” Lamptey said.