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My most recent visit to Nigeria confirmed this trend. Human rights monitors in Nigeria continue to be harassed. They also helped the NHRC upgrade their computers so that they could prepare for our arrival in Nigeria. Tags: Tripathi Martus NHRC human rights Nigeria MacArthur.
On April 16, Uganda-based two-wheel ride-hailing platform SafeBoda announced that it had completed 1 million rides in Ibadan, a southwestern city in Nigeria. The company, which first launched in Uganda, is disrupting the offline market of local motorcycles referred to as boda-bodas in Uganda and okadas in Nigeria.
The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. In Nigeria, POS terminals are used to process card payments at retail locations as well as for agency banking purposes, a branchless banking system where agents act like human ATMs.
Nigeria has an average of 4.8 The concept was to capture and build reliable offline data (where 90% of the country’s economic activities reside ) and provide insights on hard-to-reach rural and semi-urban areas for businesses, NGOs and development organizations. “The L-R: Tomi Ayorinde (CEO) and Dami Ayorinde (COO).
India, with 32 startups, is the second-largest demographic represented in the new batch, while Nigeria is third, having delivered 18 startups. Location : Lagos, Nigeria. Location : Lagos, Nigeria. Location : Lagos, Nigeria. Location : Lagos, Nigeria. pre-seed to build financial OS for B2B companies in Nigeria.
Nigeria’s informal trade sector, worth over $244 billion, has more than 40 million micro, small and medium businesses. Most of these businesses operated offline until a few years ago when startups brought about digitization by providing infrastructure and a gamut of e-commerce and financial services.
Nigeria remains a largely cash-dominated country. Founded by Tomilola Adejana and Fredrick Adams in 2018, Bankly is digitizing the informal thrift collections system known with different names such as esusu or ajo in Nigeria. Now we have built the agent network and are poised to serve customers directly via offline and online channels.
Nigeria has a population of almost 200 million, with 60% under the age of 25. The company is also exploring B2B partnerships with private schools in Nigeria and Africa, using AltSchool’s curriculum in their classes. Nigeria’s Decagon raises millions to finance and train software engineers.
Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. TradeDepot , a Nigeria- and U.S.-based A large majority of small and medium-sized businesses in Nigeria and across Africa are offline.
Millions of small businesses globally, especially in emerging markets, have stayed offline for the better part of the past decade. In Nigeria, some go to the extent of keeping information offhand. And though there are some similarities, Ekezie believes he and his team have rewired Kippa to adapt to the needs of businesses in Nigeria.
Kippa said the investment will allow it to develop financial products that help SMEs grow their businesses and grow its team in Nigeria. Before such solutions, many of these businesses ran operations such as managing money, inventory tracking, and records of staff and suppliers offline, mainly with pen and paper or ledgers.
What followed was the launch of MVXtransit, a digital freight booking platform, helping cargo owners find deals on moving containers across Nigeria. And also, we see a huge potential in the offline market. Right now, the reason why we have this problem is that transactions are offline. Some angel investors in the U.S.,
For years, offline test preparation centers in Nigeria have provided after-school guidance and tutoring to students who seek to pass entrance examinations. Ogundeyi experienced this during her schooling days in Nigeria, and she said she started Edukoya after contrasting K-12 experiences in the West African country and the U.K.
After leaving the Stripe-owned company in 2019, he launched a data startup called Voyance where Singh, who had already exited one of his products — Transferpay.ng , an offline payments startup — was a software engineer. Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent.
Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021. Online pharmacy regulations have been launched in Nigeria and Ghana and are in development in Kenya and Uganda. As such, their growth has been rapid, Salient says.
It provides merchants via its PalmPartner app with online payment and offline POS acquiring services and plans to introduce digital marketing services soon. PalmPay launches in Nigeria on $40M round led by China’s Transsion. The unicorn has a presence in Nigeria and Egypt.
ULesson , an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 It opens up the world for us to do all kinds of really amazing things we’ve wanted to do in the world of edtech that you can’t do in a strictly offline sense,” the founder added.
In a market where internet-enabled app-based banking can reach 300 million subscribers on the continent, USSD technology, predominantly offline and used mainly by feature phones, outpaces it with 850 million connections. And so what we’re doing is building for them, because despite having a smartphone, they want to be offline.
In Nigeria alone, this industry, worth more than $200 billion, consists of over 40 million businesses of varying sizes, according to reports. Small businesses in Nigeria have stayed offline for years, storing information and essential data offhand, on paper or ledgers.
And for some countries like Nigeria, customers need to accurately provide their addresses to financial institutions such as banks and fintechs to set up bank and other accounts. OkHi is tackling these challenges in Nigeria with its technology and has raised a $1.5 million seed extension to scale its efforts.
Offline payment is also a costly option for buyers as it comes with a cash-on-delivery fee. The e-commerce startup is also set for regional expansion, with immediate plans to enter Nigeria currently underway. “It’s It aggregates deals for a network of over 100, local and regional, e-commerce merchants.
With limited access to technology, these restaurants typically resort to using offline methods, including pen and paper, for things like manual reconciliation and inventory management. “We’re seeing fast-paced growth in Nigeria and Kenya with a retention rate of above 95%,” Futi added. . The two-year-old startup raised $1.1
AMC BV is an Airtel Africa subsidiary and the holding company for several of Airtel Africa’s mobile money operations across 14 African countries, including Kenya, Uganda, and Nigeria. Typically , these services are present across countries of operation except Nigeria. million and 9.7% ARPU growth.
While big restaurants and restaurant chains are often capable of setting their management systems or using well-known point-of-sale providers, thousands of smaller restaurants in Africa rely on offline methods such as pen and paper to produce receipts and make reconciliations.
The company plans to use the investment to expand within its home market Nigeria — where it operates in Lagos, Port Harcourt and Abuja — and outside to Ghana and Kenya. It also wants to improve its product offerings and add more staff.
The variety of uLesson’s services provides a stickiness (students spend an average of 57 minutes on the app) that has led to parents investing in smartphones for their kids’ schooling either independently or via uLesson’s “device+plan” bundle, which is only available in Nigeria. Nigeria remains uLesson’s largest market by far, said Shagaya.
In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. It also plans to deepen its presence in the countries already present, especially Egypt and Nigeria. They operate online-only or hybrid models (a combination of offline and online settings).
In 2019, the Naspers-owned online marketplace sold its assets in Nigeria, Ghana, Kenya, Tanzania and Uganda to the seven-year-old classifieds player. Furthermore, cars45 will merge its operations in Nigeria (primary market), Ghana and Kenya with Jiji as the classifieds marketplace wants to consolidate its position in the space.
Nigeria’s SME market alone is valued at $220 billion annually. Since most consumer behavior for these SMEs happens offline, Ajua gives businesses unique USSD codes to receive payments, get feedback and offer discounts to their customers. Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion.
The business opportunity for remittance is lucrative despite digital lenders vying for less than 20% of the international money market dominated by traditional offline players. Nala has built a hassle-free, offline mobile money payment platform for Africa. With Africa being the most expensive region to send money to, with 10.6%
for relatives back in Nigeria. Nigeria, Ghana, and the U.S., You need to build credibility, you need to build trust, and consumers need to consistently be aware of the platform and the brands we have,” remarked the chief executive addressing Jendaya’s order value in comparison to offline stores. and Europe to customers globally.
Apart from being offline models, savings with microfinance banks, cooperatives and informal saving groups have manual, expensive and opaque processes. But collaboration between banks and fintech in Kenya is quite exasperating and even lags that of Nigeria, a country riddled with its own set of regulatory challenges.
With a similarity to the offline grid, Infinity connects to all the loads in a residence or business place and controls them digitally while providing data and analytics in the process. He describes the system as an epicentre of energy provisioning. “These are the core differences. .” ” More than 1.5
Carbon has been lending in Nigeria for nearly 10 years, so we have a lot of credit history of our customers, and we believe we can assess new customers very well,” Chijioke Dozie, the company’s CEO, told TechCrunch. . Although these merchants sell competing products, Dozie says Carbon doesn’t control the prices. ”
There are now 990 actively engaged Fellows— across the five focal countries of Ethiopia, Nigeria, India, Pakistan, and the Philippines—regularly participating in the Leadership Development for Mobilizing Reproductive Health network activities. With international networks, it is important to recognize cultural norms both online and offline. (2)
Innovations around mobile money and digital payments have allowed for the processing of payments online and offline through USSD or STK commands, over apps or using NFC technology.
She notes, "It doesn't specifically talk about open content, but discusses online and offline content income models in depth, with numbers." Election observers across Nigeria will be using mobile phones to text officials if they spot irregularities during Saturday's election. Check out Greenlight Nigeria and Mobile Monitors.
Beth is an expert in facilitating online and offline peer learning, curriculum development based on traditional adult learning theory and other instructional approaches. While there are larger numbers of Gen Z in India, China and Nigeria compared to UK or US, they are truly a global organization.
Let’s say you’re a freelance engineer in Nigeria working for a U.S. A few issues using third parties or a Bureau De Change, or BDC as commonly known in Nigeria, include inflated rates, you can only access them for specific hours, proximity and there are chances you’d get cheated. Grey has grown to transact north of $1 million monthly.
While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. The platform helps online and offline merchants to accept payments from their customers via several products and solutions. million Series A round. In July 2020, Paymob raised $3.5
Shared transportation in Nigeria, Africa’s largest country by population, is a thriving business, at least when done the conventional way: offline. million in seed funding from several investors to blitz scale within and outside Nigeria. However , most have found little luck, especially those in the two-wheeler mobility space.
Countries such as Nigeria, Kenya and South Africa are majorly responsible for skyrocketing adoption rates as citizens try to hedge against currency devaluation and build wealth. For instance, we were the first to launch QR codes for offline onboarding. One thing which is the backbone of Bitmama is that we are very innovative.
Since the start of this year, Jambo has already signed up over 12,000 students across 15 countries (Morocco, Nigeria, Ethiopia, Equatorial Guinea, Uganda, Kenya, Congo, Uganda, Rwanda, DR Congo, Tanzania, Zambia, Namibia, Madagascar and South Africa) to take a curated web3 curriculum, both online and offline.
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