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Female genital mutilation still occurs Last month, I traveled to Senegal to see UNICEFs work firsthand. In addition to running her own small business, Sally pays it forward by training girls in Kolda who have disabilities like her. Despite challenges, we are making progress in Senegal and all over the world.
and Senegal-based mobile money provider, has raised $200 million in Series A round of funding. ” In 2018, the product was piloted as Wave in Senegal but it was still within the Sendwave ecosystem. In June, the telecom operator stopped users in Senegal from purchasing Orange airtime via Wave’s mobile application.
After selling their hospitality tech startup, Teranga, in 2018, Senegalese brothers Moustapha and Alioune Ndoye ventured into the trucking business as they pondered their next move. Some market research made them aware of the full extent of inefficiencies in the trucking business, which especially limited the earnings of owner-operators.
Multinationals like Amazon and Alibaba have leveraged logistics infrastructure such as UPS and FedEx to create large businesses. PAPS , a Senegal-based logistics and delivery company, is filling this gap in its region by offering customers various logistics services. Initially , PAPS operated a consumer-to-consumer logistics model.
Wave, an African fintech that offers mobile money services in Senegal and Ivory Coast, laid off about 15% of its workforce last month. The company, which operated a stealth launch two years prior in Senegal, has since raised over $290 million in equity and debt capital funding to date. Germany, Nigeria and the U.K.
r Internationale Zusammenarbeit (GIZ) will train managers of leading accelerators in Africa over the next two years, to help them establish sustainable business models that commandeer greater influence in their ecosystems. Silicon-Valley based VC firm 500 Global and German’s economic development agency Gesellschaft fu?r
Smile Identity , a KYC compliance and ID verification partner for many African fintechs and businesses, has acquired Inclusive Innovations, the parent company of Appruve , a Ghanaian developer of identity verification software. Other prominent use cases include AML checks, customer onboarding and fraud prevention.
These challenges befall millions of micro-retailers across the continent, and Betastore , a B2B retail marketplace for informal retailers, is working to resolve in Nigeria, Ivory Coast and Senegal. We plan to enter new markets before the end of the year and to expand to 100 cities across Nigeria, Ivory Coast and Senegal.
However, the recent entry into Ivory Coast and Senegal somewhat forced its hand. Wasoko allows retailers from Kenya, Tanzania, Rwanda, Uganda, Ivory Coast and Senegal to order products from suppliers via SMS or its mobile app for same-day delivery to their stores and shops via a network of logistics drivers.
It is nearly impossible for businesses in some African countries to receive money from PayPal. Via this partnership, African businesses can connect with the more than 377 million PayPal accounts globally and overcome the challenges presented by the highly fragmented and complex payment and banking infrastructure on the continent.
First, the company says it created the world’s first decentralised payment processing network. Appzone, having built both banking and fintech layers, wants to connect individuals and businesses to their services. Other countries with a presence include the Democratic Republic of Congo, Ghana, Gambia, Guinea, Tanzania and Senegal.
At a time when the global economy has been under pressure, Taptap Send saw business grow eight-fold, the company said. The Series B is being led by Spark Capital, with participation also from Unbound, Reid Hoffman and Canaan Partners (both of which led its previous round, a $13.4
Armed with a new financing model and purpose-built small solar-powered generators and water pumps, Nichols and Ibrahim have already built a network of customers using their equipment to increase incomes by anywhere from five to 10 times their previous levels by growing higher-value cash crops, cultivating more land and raising more livestock.
The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . Agriculture insurance has traditionally relied on farm business. In the U.S. Pula co-founders and Co-CEOs (Rose Goslinga and Thomas Njeru).
In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. Students are required to spend 50% of their time learning online and the other half at one of GOMYCODE’s network of 20 physical centers. GOMYCODE says it partners with various institutions to place its students.
Sendwave’s $500 million purchase by WorldRemit; Network International buying DPO Group for $288 million; and Stripe’s larger than $200 million acquisition of Paystack were high-profile examples. Senegal, the region’s top destination for VC funding dropped from $16 million in 2019 to $8.8 million.
And the third one is that we look for business models that can scale up quickly, similar to the normal VC model, but that they would be able to affect a lot of people. That means if SIV II makes an investment in an IDA country like Senegal and the company doesn’t do well, a portion of the investment will be covered through the structure.
In February 2020, as the world was shutting down, and as businesses downsized on account of the Covid pandemic, John Kamara was busy establishing another new startup Adanian Labs in Nairobi, Kenya’s capital. It may have been a tough period to build a business but they sailed through with their mission. “We
NetSquared holds free or low cost educational events for people and organizations who want to learn more about using technology for social good or connect with a peer network. Our events are powered by a global network of volunteers dedicated to building strong, self-sufficient local communities of nonprofit technology practitioners.
Peace Corps in Senegal in West Africa. Facebook Messenger, WhatsApp, 1 billion monthly users each, and teenagers spend more time sending DMs, IMs than perusing social networks. I know you’re probably busy. I’m happy to send it to you afterwards. So I was a journalism major in college. And I loved writing.
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