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💳 Moniepoint and Afrigopay Partner to Distribute 5m AfriGO Cards Across Nigeria
💵 ABAN launches Africa's first investor network for sports and creative industries
🪙 Ghana set to launch e-Cedi
💰Khula Secures R126 Million in Funding to Revolutionize South African AgriTech Sector
📱Google Play Enhances Widget Discoverability for Android Developers |
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| | | | | 💳 CARDS | Moniepoint and Afrigopay Partner to Distribute 5m AfriGO Cards Across Nigeria | | In a strategic move to accelerate digital payments and drive financial inclusion, Moniepoint Inc. has announced a partnership with Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS). This collaboration aims to distribute five million AfriGO cards across Nigeria, further strengthening the adoption of AfriGO, Nigeria's National Domestic Card Scheme. | This initiative aligns with the government's digital payment agenda and seeks to reduce Nigeria's reliance on foreign payment cards. By leveraging Moniepoint's extensive reach and advanced payment infrastructure, the partnership will ensure that more Nigerians have access to seamless, contactless transactions......…continue reading |
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| See for yourself | | | | | 💵 INVESTMENTS | ABAN launches Africa's first investor network for sports and creative industries | | The African Business Angel Network (ABAN), in collaboration with a consortium of leading market players, has officially launched the Africa Sports & Creative Early Stage Investor Network. This initiative is specifically designed to mobilize angel capital for high-growth startups operating within the sports and creative sectors. | As the largest pan-African organization dedicated to angel investors, ABAN has joined forces with TRACE, El Carnaval Limited, and Punuka Attorneys & Solicitors to establish this network. The primary objective is not only to provide essential financial support to startups but also to empower entrepreneurs through mentorship, skills development, and enhanced access to markets.....…continue reading |
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| | | | | 🪙 DIGITAL CURRENCY | Ghana set to launch e-Cedi | | Ghana is poised to launch its central bank digital currency (CBDC), the e-Cedi, after several years of development. Once a frontrunner in the CBDC landscape in Africa, Ghana fell behind when Nigeria introduced the eNaira over three years ago. The Bank of Ghana (BoG) has announced that it is ready to roll out the e-Cedi this year, pending approval from lawmakers. This move comes as Ghana seeks to reclaim its position in the digital currency arena. | While Nigeria's eNaira holds the distinction of being Africa's first CBDC, its performance has not met expectations. Adoption has been sluggish, with less than 0.5% of Nigerians using the eNaira within its first year. By March 2024, it accounted for only 0.36% of the total money in circulation. Several factors have contributed to this lackluster uptake, including inadequate infrastructure, unreliable electricity supply, low public trust in government, and concerns over financial crime. | In light of these challenges, Ghana aims to learn from Nigeria's experience by incorporating offline functionality into the e-Cedi. This feature will allow users to transact without an Internet connection, which could significantly benefit rural communities where access to the Internet remains limited. Kwame Oppong, head of fintech and innovation at BoG, emphasized the goal of making digital cash as user-friendly as physical cash, particularly for the unbanked population.......…continue reading |
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| | | | | 💰FUNDING | Khula Secures R126 Million in Funding to Revolutionize South African AgriTech Sector | | South African AgriTech startup Khula has successfully secured a remarkable R126 million in funding from its existing investors, which include prominent names such as Absa Bank, AECI, E Squared Investments, and PepsiCo's Kgodiso Fund. This funding round marks a significant milestone for the company, highlighting the confidence that investors have in its vision and potential. | The investment round also saw contributions from Khula's founders, Karidas Tshintsholo and Matthew Piper, with E Squared Investments taking the lead as the first institutional investor to back the startup. This collaboration underscores the growing interest in AgriTech, a sector dedicated to leveraging technology to enhance efficiency and productivity within the agricultural industry. AgriTech encompasses a wide range of innovations, including digital platforms, smart farming tools, and data-driven solutions designed to tackle critical challenges faced by farmers.….continue reading |
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| | | | | 📱WIDGETS | Google Play Enhances Widget Discoverability for Android Developers | | Google is making a major push to improve widget discoverability on Android, offering new tools and features that help users find and engage with widgets more easily. This update comes in response to long-standing developer requests for better visibility and adoption of widgets, ensuring that the time and effort invested in widget development lead to higher user engagement. | With the latest Google Play enhancements, Android developers now have an unprecedented opportunity to boost widget usage and re-engage users. These improvements will roll out across Android phones, tablets, and foldables, providing a seamless experience for both developers and users........continue reading |
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| | | | | OTHER STORIES | Why Skype Lost Out to Microsoft Teams, Zoom, and Google Meet…….continue reading South Africa's FSCA exempts NFT platforms from licensing requirements for now……continue reading Three startups crowned winners of the latest Orange Summer Challenge…..continue reading
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