India Looks to Africa to Help Build a Digital Payment System by 2027
India looks to Africa to help build a digital payment system by 2027 using its homegrown Unified Payments Interface (UPI). An official informed Reuters that two payment systems are expected to launch by early 2027, with Rwanda being the only country where serious discussions have happened. Ritesh Shukla, CEO of NPCI International
Rise Stops Virtual Card Service Over Fluctuating Exchange Rate
Rise stops virtual card service over fluctuating exchange rate and provider issues. The fintech said that the service will end on September 30 2024. This is coming after another Nigerian digital bank, Carbon also discontinued debit cards in June 2024 stating that the service was launched for the wrong reasons.
AI Set to Boost Africa’s Economy by Over $30 Billion
According to a new report, titled, AI set to boost Africa’s economy by over $30 billion in the next decade. The report, commissioned by Google and published by Public First, a policy, research, opinion and strategy consultant, notes that AI’s potential to increase productivity and deliver new goods and services
Clean-tech startup, Kofa raises $5 million funding via SPV
Ghanaian clean-tech startup, Kofa raises $5 million funding via SPV. Kofa Technologies is a leading Ghanaian cleantech that provides access to clean, and reliable portable battery solutions. At an event last week, Kofa Technologies in collaboration with PASH Global announced the company’s plans to expand its battery-swapping network in Ghana
Zeno Raises $9.5 Million to Take on Ampersand and BasiGo
Zeno raises $9.5 Million to take on Ampersand and BasiGo. Zeno, a startup founded by Tesla alumnus Michael Spencer, to transform Africa’s energy and transport landscape. Lowercarbon Capital and Toyota Ventures led the funding round with participation from 4DX Ventures, Active Impact, Advantedge, MCJ, and RedBlue. The startup intends to accelerate
What is a Good Payback Period for Real Estate
In the world of real estate investment, one of the key metrics used to evaluate the performance of a property is the payback period. The payback period helps investors assess how long it will take for an investment to recoup its initial cost, based on the income generated from the
How to Invest in Real Estate for Beginners This Year
Real estate investment is one of the most popular and lucrative ways to build wealth, especially in Africa, where growing economies and urbanization trends create ample opportunities. For beginners, the process might seem overwhelming, but with proper planning, research, and execution, it’s possible to turn real estate into a profitable
How to Open a Dollar Account in Nigeria This Year
Opening a dollar account in Nigeria may seem easy, but to many people, it isn’t. If you’ve ever wondered how to open a dollar account in Nigeria, you are not alone. Understanding how to have a dollar account in Nigeria will be critical for handling your finances properly, especially when you receive frequent payments in
How to Make Money as a Teenager in South Africa
Being a teenager in South Africa can be tough, especially when it comes to financial independence. While many teenagers may want to earn money to support themselves or their families, finding employment can be a challenge due to age restrictions and lack of experience. However, there are still plenty of
Foodpreneurs Hub Secures $500,000 Pre-seed to Tackle Food Insecurity in Africa
Nigerian-founded foodtech platform, Foodpreneurs Hub secures $500,000 pre-seed to tackle food insecurity in Africa. The company didn’t name the investors in the round. The funds will allow Foodpreneurs Hub to accelerate its work of bridging the gap between food production and post-harvest food loss, which accounts for over 40% of waste in
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