Flutterwave’s International Expansion Drives Financial Inclusion Across Africa, Says Koroma

Former Sierra Leonean President Ernest Bai Koroma has praised Nigeria’s pivotal role in Africa’s economic and technological development, noting that the country’s successes inevitably influence the continent’s future. Speaking at Flutterwave’s 10th anniversary Gala Night at The Delborough, Lagos, Koroma described the fintech company’s growth as a continental milestone rather than solely a Nigerian achievement. He emphasized that innovation emerging from Nigeria creates a ripple effect across ECOWAS and the wider African region.

Reflecting on his own leadership journey, Koroma credited former Nigerian President Olusegun Obasanjo for mentorship and political support that shaped his presidency in Sierra Leone. He also lauded Lagos State Governor Babajide Sanwo-Olu, highlighting Lagos as a thriving hub for enterprise and technological innovation. For Koroma, events like Flutterwave’s anniversary are proof that Africa can compete on the global stage and produce companies with international influence.

Koroma stressed Nigeria’s demographic and economic significance, saying, “Out of every four black people in the world, one is a Nigerian. If Nigeria gets it right, it will affect all of us.” He acknowledged Africa’s complex geopolitical environment but expressed optimism that homegrown companies like Flutterwave are making concrete progress toward the African Union’s Agenda 2063 vision.

He pointed to Flutterwave’s expansion into international markets as a signal of deeper financial inclusion across the continent. According to Koroma, digital payment platforms are helping address persistent challenges, such as limited financial penetration, barriers to cross-border transactions, and trust gaps within the financial system. “This is not a small occasion,” he said, encouraging Africans to celebrate such milestones and showcase them on global platforms.

Concluding his address, Koroma congratulated Flutterwave CEO Olugbenga Agboola, noting that the fintech’s first decade is only the beginning of greater continental and international impact. He urged Africans to recognize and project the continent’s innovation, insisting that Africa has the capacity not only to meet global standards but to compete at the highest levels in the financial technology sector.

source: leadership