6 Findings From Cambridge’s 2nd Annual Middle East & Africa Alternative Finance Industry Report

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Bryan Zhang, Executive Director and Co-Founder of Cambridge Centre for Alternative Finance: “In the context of global online alternative finance market which exceeded $300bn in 2016, the industries in Africa and the Middle East remain to be hugely under-developed.”

Earlier in June 2018, Judge Business School’s Centre for Alternative Finance released the second edition of its Annual Middle East & Africa Alternative Finance Industry report.  These are our main 6 findings:

1. The total alternative finance market volume across the region grew by 48%, accounting for $358.87 million.

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Source: Cambridge Centre for Alternative Finance

2. In Africa, the total online alternative finance market grew by 118% to reach $181.56m in 2016.

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Source: Cambridge Centre for Alternative Finance

3. In the Middle East, the overall online alternative finance market grew slower with a minor year-on-year increase of 12% to achieve $177.3m in 2016.

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Source: Cambridge Centre for Alternative Finance

4. Donation-based crowdfunding was the largest alternative finance model in Africa. In particular,  funding channelled through online platforms came primarily outside of the Continent and provided by foreign donors and investors.

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Source: Cambridge Centre for Alternative Finance

5. The most popular alternative finance model in the Middle East was equity-based crowdfunding.

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Source: Cambridge Centre for Alternative Finance

6. Regulation remains to be a significant barrier for the development of online alternative industry in both Africa and the Middle East.

Find out more here.

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