Regulators need to catch up with African tech, says Chipper Cash VP
At this year’s edition of the GITEX tech show in Dubai, African Business met with Pardon Mujakachi, vice-president of partnerships and strategy at Chipper Cash to talk about the current challenges for Africa’s tech sector. The San Francisco-based, Africa-focused fintech company valued at $2bn is often described as one of Africa’s seven “unicorns” – firms
Nigeria, Kenya and South Africa top list of countries supporting intra-Africa trade
Nigeria, Kenya and South Africa top list of countries supporting intra-Africa trade NAIROBI, Kenya – The intra-A African trade is bound to grow as most continental countries are now trading among themselves. This is according to a new survey by the Pan-African private sector trade and investment committee (PAFTRAC). PAFTRAC survey also reveals that Nigeria,
👨🏿🚀 TechCabal Daily – MTN walks
20 OCTOBER, 2022 IN PARTNERSHIP WITH Happy pre-Friday 🌞 What’s the first thing that pops in your mind when you hear the phrase “the cloud”? Rain? Tax? Or other inevitable stuff? For many techies, they’re thinking of the network of computers that can only be accessed via the internet. The cloud is where many popular
African banks increasingly worried about funding costs, survey shows
An embossed logo of South Africa’s Reserve Bank sits on a document folder during a news conference with Lesetja Kganyago, governor of South Africa’s reserve bank, in Pretoria, South Africa, on Thursday, Nov. 20, 2014. Reserve Bank Governor Lesetja Kganyago kept South African borrowing costs unchanged in his debut policy meeting as Reserve Bank governor,
Local VC investments surpass foreign investments in Africa’s startup funding landscape
This is according to a report by ‘Africa: The Big Deal and African Private Equity and Venture Capital Association. According to the report, 58 per cent of the investment raised between January and September were from local investors. The report further noted that Africa-based investors are more active in deals with start-ups headquartered in one
Africa: Delta Airlines, Ja Africa Partner to Promote Business, Stem Education in Africa
Delta Air Lines and Junior Achievement (JA) Africa have renewed their partnership to advance business and Science, Technology, Engineering and Mathematics (STEM) education among young people in Africa. JA Africa is one of Africa’s largest and most impactful youth-serving non-governmental organisations delivering hands-on, immersive learning in work, financial health, entrepreneurship, sustainability, STEM, economics, citizenship and
S.Africa paves way for cryptocurrency regulation – Modern Ghana
South Africa’s financial watchdog on Thursday declared cryptocurrency a financial product, paving way for the regulation of the assets in the …
Equity crowdfunding a game-changer for investors
Equity crowdfunding offers investors a share in a particular business in exchange for capital to be used for growth, writes Jeff Miller, the founder of Grovest and co-founder of GoGetta. Many in South Africa are familiar with the concept of crowdfunding to kickstart a concept or raise money for a needy cause. While crowdfunding is
Ghana traders close shops to protest worsening economy
ACCRA, Oct 19 (Reuters) – Streets were quiet in the normally bustling heart of Accra’s central business district on Wednesday as traders in the Ghanaian capital closed their shops to protest worsening economic conditions. The Ghanaian cedi plummeted to a new low of 12.3 to the dollar on Wednesday, compared to 10.5 last week, as
WEEKAHEAD-AFRICA-FX- Ghana, Nigeria currencies to weaken, others seen stronger
Ghana’s and Nigeria’s units will weaken against the dollar in the week to … The World Bank has called it Africa’s worst performing currency.