Does the interaction of fintech with socio-economic conditions influence the industrial transformation process in africa?

The objective of this article is to assess the interaction effect of Fintech with socioeconomic conditions on industrial transformation in Africa. Theoretically, there is unanimity among authors on the merits of financial technologies for industrialization, but empirically, the results are mixed because they depend on economic policy and the quality of institutions. The estimation of the basic model was made possible by the Driscoll-Kraay and Lewbel methods. It appears that socioeconomic conditions have positive effects on industrialization in Africa. In addition, financial technologies, through their interaction with socioeconomic conditions, significantly stimulate industrial transformation in Africa. Therefore, the public authorities of African countries must put in place quality institutions to truly create a business climate conducive to the emergence of industry in Africa.