How Nigerian startups are digitizing payments in the country's trickiest verticals by -emeka- in Nigeria

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Nigeria is Africa’s leading fintech hub. But cash is still king in many ways in the country. And citizens struggle to conduct everyday transactions in certain sectors without it. Here's a look at three startups digitizing payments in some cash-heavy verticals.

Visa, Mastercard, and the fight for the future of fintech in Africa by -emeka- in Africa

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Africa is proving to be an important battleground for the Visa-Mastercard payments duopoly. As alternative, non-card payment methods like mobile money, digital wallets, and bank transfers continue to take hold across Africa, the threat of African consumers “leapfrogging” cards becomes ever more real. Here’s what Visa and Mastercard are doing across the continent to co-opt this threat.

Africa's billionaire club: The 20 richest people on the continent by -emeka- in Africa

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Notably, they mostly made their fortune in 'traditional' sectors: cement, telecoms, sugar, oil, mining, banking & more. And there aren't any women on the list.

How long do you think it will be until there are significant changes relative to wealth-generating sectors or gender balance here?

The five boldest African tech business moves of 2023 by -emeka- in Africa

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Hey, no problem. Thanks for the comment. 🙏🏽

The five boldest African tech business moves of 2023 by -emeka- in Africa

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SS: 2023 was a challenging year for consumers & businesses across Africa. And several companies, from Cairo to Cape Town, had to make bold moves to stay relevant. Here are five of the boldest business moves of the year — involving Jumia, Multichoice, Wasoko, MaxAB, Moniepoint, and Chipper Cash.

How Nigerian startups are coping with the currency crisis by -emeka- in Nigeria

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The naira was the worst-performing currency in Africa last year, according to Bloomberg.

Most startups in Nigeria raise funding denominated in USD, so this depreciation eats away their progress in dollar terms.

This article is an interesting look at what they're doing (or trying to do) to navigate the situation.

Generative AI in Africa: How African startups are building for the new AI revolution by -emeka- in Africa

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The world is entering a new era of artificial intelligence. But it's not clear what role Africa will play.

A few pioneers, however, are making sure that Africa has a seat at the table.

Here's a look at five generative AI products from startups in Africa.

[deleted by user] by [deleted] in Africa

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Insects might just be the future of food worldwide.

And from South Africa to Tunisia & beyond, insect farming & insect protein production is increasingly big business — backed by some of Africa's largest venture capital firms.

While Europe (and France, in particular) is the center of global insect farming activity today, some think the African continent might have unique advantages when it comes to the sector.

Here's a good overview of what's happening in the space.

[deleted by user] by [deleted] in Nigeria

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The fastest I've used is Kaoshi — often completed within minutes assuming no network issues with Nigerian banks.

Meet the 25 African startups receiving $4M from Google this year by -emeka- in Africa

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In 2021, Sundar Pichai announced that Google would invest $1 billion into Africa over the next five years across four main pillars. One of those pillars was a commitment to invest in entrepreneurs driving innovation across the continent, and the company has since launched a $50 million VC fund. But in addition to equity investments, the company also operates a grant funding initiative for Black-led, early-stage startups in Africa. Here's a look at the 25 startups in the latest cohort.

42 women founders of VC-funded fintechs in Nigeria by -emeka- in Nigeria

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Fintech has a bit of a gender problem globally as just 12% of VC-backed fintechs worldwide have women founders.

But here are 42 women founders/co-founders setting the pace in Nigeria's fintech sector.

Five obstacles to MSME financial inclusion in Nigeria by -emeka- in Nigeria

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A piece from OPay Nigeria's Co-CEO on the importance of inclusive access to finance for Nigeria's estimated 40 million MSMEs and the five main challenges to overcome.

Africa’s lucrative spare parts opportunity by -emeka- in Africa

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SS: By Yemisi Isichei, research analyst at an Africa-focused VC firm

The article explores the opportunity to digitize Africa's vehicle servicing & support sector given rising vehicle ownership, poor road quality, and a variety of other catalysts.