To secure the funds it needs to achieve its development objectives, Africa is exploring ways to boost its domestic revenue mobilization (DRM). In the presence of right infrastructure and of an appropriate regulatory framework, technology, and more specifically regulatory technology (or RegTech) has shown great promise on the continent so far. Indeed, in the countries that have chosen to adopt RegTech to support their DRM, the technology has promoted compliance and transparency in key economic sectors like the telecommunications and digital financial services, and therefore enabled the relevant authorities to harness the revenue potential of these sectors.
To find out more, read GVG’s op-ed published on RegTech Africa Magazine.
