Moniepoint CEO says Africa’s biggest business opportunity lies in informal sector

Nairametrics | 17-06-2026 07:25am |

Tosin Eniolorunda, co-founder and Group CEO of Moniepoint, has highlighted the significant potential within Africa's informal sector, which he believes is often overlooked by businesses focusing on the formal economy. He emphasized that a substantial portion of economic activity across the continent is driven by informal enterprises, suggesting that companies could achieve greater growth by tailoring their products and services to meet the needs of this sector. Eniolorunda's remarks underscore the importance of recognizing and engaging with the informal economy as a critical component of Africa's overall economic landscape.

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