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Pan African Payments Company Cellulant acquires PSP License in Ghana

Hafiz Akinde
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Pan African Payments Company Cellulant acquires PSP License in Ghana

Cellulant, a Pan African Payments Company has successfully rolled out Tingg, a digital payments platform that enables businesses and their consumers to accept and make payments effortlessly.

This announcement comes after Cellulant obtained the Payment Services Provider (PSP) License from the Central Bank of Ghana. With this launch, Cellulant will provide the best customer experience for all individuals and  corporate businesses looking to digitize their payments. The introduction of Tingg to the market will also create a seamless process for collecting and disbursing funds to customers.

Excited about the announcement and the launch, hundreds of businesses have started using Tingg for digital transactions across Ghana.

As per Central Bank of Ghana’s regulation, this license will allow for the provision of 3rd party payment gateways, a marketplace for duly regulated financial service providers, merchant acquisition and aggregation, the printing, and presentation of EMV cards, inward international remittance services, as well as limited use of closed-loop virtual cards.

Cellulant Ghana Country Manager, Eric Kortey, believes that Ghana is fast becoming a hub for fintech in Africa. According to him, “being licensed by the Bank of Ghana means a lot to the growth of our industry and opens doors to increased security and confidence in digital payments systems. Cellulant’s digital payments platform is allowing every Ghanaian to pay for their goods and services through any payment channel of their choice.”

The CEO further said that “Cellulant is addressing the fragmentation of payments for both businesses and their consumers. The digital platform, which recently also launched in Zambia, offers simplified payment tools and processes for a merchant to manage their payments. As a result, businesses can allow their customers to make payments for goods and services using locally relevant payment options.”

This licence will help Ghana’s financial sector to achieve stability, safety, and security. In addition, the the move will promote financial inclusion and innovation, and also help to maintain a sound financial system.

Cellulant is a member company of the Cellulant Corporation which has commercial services running in Kenya, Ghana, Malawi, Nigeria, Zambia, Zimbabwe, South-Sudan, South Africa, Uganda , Botswana and the EU. TINGG is also licensed and regulated by Central bank of Nigeria (CBN) to provide mobile payment backbone services to some of the biggest banks & fast-moving consumer goods company on the continent.

Apply for the ‘Venture Sourcing Lead’ Position at Founders Factory Africa

TWA Admin
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Apply for the ‘Venture Sourcing Lead’ Position at Founders Factory Africa
We’re building the most powerful growth engine for African startups and their founders.
Founders Factory Africa (FFA) is unlike any place else you’ve ever worked. We are venture builders dedicated to solving some of Africa’s biggest challenges and capitalizing on it’s incredible potential by leveraging market and tech opportunities. Over the next five years, we’ll build 24 businesses from scratch and scale 64 existing growth-stage ventures through our venture development programs. Backed by leading corporates, such as Standard Bank – the continent’s largest bank – we have access to their vast resources, infrastructure, and expertise and will bring those to bear for all our ventures and entrepreneurs. Starting with FinTech, HealthTech, and AgriTech FFA will expand our focus as we grow, adding other sectors.
Our Culture
Our goals are audacious, and we want to work with people who share our passion for pursuing transformation at scale. We believe that good ideas can come from anywhere – not just the top – and we love to build our way out of uncertainty. At FFA, you will work with and meet outstanding and diverse talent from across the continent and help us build a collaborative, inclusive, and supportive network. You will work faster (and learn faster) than you ever have before.
With offices in Johannesburg and London, we are building an ambitious, talented, and passionate team, ensuring that Founders Factory Africa is the continent’s best partner for founders.
The Role
We are looking to hire a Venture Sourcing Lead to support our efforts in sourcing and qualifying early stage startups in Africa. The successful candidate will lead our ecosystem engagement with the goal to source, identify, and evaluate new investment opportunities (startups and founders), in our operating sectors and preferably with an AgriTech focus.  The candidate will need to have a good understanding of technology and business models, preferably have networks and exposure to the world of Fintech, Health and AgriTech products. Having a broad network of early stage entrepreneurs (pre-series A) in an AgriTech sector will give you a competitive advantage in this role.

Responsibilities

      • Sourcing new investment opportunities and leading ecosystem engagement efforts.
      • Support in developing and maintaining an active partnership referral network within the African Tech ecosystem
      • Conduct market analysis and keep up to speed with sector trends and market performance (specifically AgriTech). Lead deep dives, industry analysis and market mapping.
      • Source, identifying, and evaluate new investment opportunities  – startups and founders
      • Attending, participating and hosting industry events to promote FFA venture programs working together with our Head Of Sourcing.
      • Support in managing FFA’s deal flow and pipeline to ensure all applications are attended to within 48 hours
      • Screening & Qualifying – Lead on converting investment opportunities
      • Take responsibility for all aspects of the sourcing process  (initial screening, negotiation, qualification process and stakeholders socialisation)
      • Manage deals referred by FFA’s network, conduct deal evaluation and form recommendations
      • Conduct thorough opportunities assessment including market,  competitor analysis, technical due diligence, get buy-in and form an initial assessment of fit.
      • Present and sell new investment opportunities internally and to relevant partners
      • Lead corporate socialisation with FFA corporate investors
      • Track and chase companies you are excited about that align to FFA’s investment thesis.
      • Determining focus areas/investment thesis
      • Support investment managers and venture design teams in conducting market research on industry trends, sectors, and companies and developing a point of view.
      • Support in the creation and publishing of FFA investment insights.
Candidate Profile
      • Have minimum 3 years’ experience in a similar venture capital fund or a start-up, preferably in Africa/ emerging markets;
      • Experience originating, leading and executing investments in VC, accelerators or incubators;
      • Outstanding interpersonal skills, able to build a network, source companies and develop relationships with top African entrepreneurs and other tech/entrepreneurship ecosystem players in key markets across Africa;
      • Analytical mind able to qualify and understand different concepts and business models;
      • Independently be able to form views around investment decisions and make recommendations;
      • Be proficient in Excel and comfortable manipulating data;
      • Knowledge and experience building financial models (advantage);
      • Extensive knowledge, enthusiasm for and interest in technology and start-up;
      • A self-starter who thrive in an autonomous role, with excellent prioritisation, self-organisation, and execution skills.
Benefits
      • The role is in a fast-moving company, with a startup culture – this offers lots of opportunities to learn, be hands-on, agile and have the freedom to develop strategy and execute on it without bureaucratic constraints.
      • This is an exciting opportunity to join one of Africa’s largest venture development and investment companies, to help shape the future of Africa’s startup ecosystem.
      • Growth and Learning: work with and meet exceptional talent and learn faster than you ever have before. We are in a startup environment, not corporate 9-5, so you determine where you want to grow and how quickly you want to do this.
      • Variety: Opportunity to work on hundreds of different products across a variety of sectors
      • Health and Wellness: Comprehensive extended health care coverage
      • Network: Founders Factory Africa is part of the strongest global network for startup founders. Our relationships with corporate executives, established entrepreneurs, and funders are unparalleled.
Founders Factory Africa provides a rare opportunity to join a team of world-class thinkers, entrepreneurs, and creators. We provide the freedom and excitement of early-stage startups but the stability and resources of a large organisation. Founders Factory Africa has global ambitions, and you’ll play a key role in our future success.
This role is a once in a lifetime opportunity to join a high-growth organization as part of the founding team and to help shape the future of Africa’s startup ecosystem.

Apply for the Global Innovation Platform Agritech Challenge 2021

Hafiz Akinde
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0
Apply for the Global Innovation Platform Agritech Challenge 2021

Deadline: 30 Aug 2021

About the Agritech Challenge 2021

The UN Capital Development Fund (UNCDF), in partnership with Atal Innovation Mission, NITI Aayog (Govt. of India); Bill & Melinda Gates Foundation; Rabo Foundation; International Fund for Agricultural Development (IFAD); and Bayer, is launching an innovation platform to enable cross-border exchange of innovations, insights and investments.

The first initiative of the Platform is the Agritech Challenge (‘Programme’), with a focus on improving financial health of smallholder farmers. The Programme will support agritech and agri-fintech startups to expand to international markets, across Kenya, Malawi, Uganda & Zambia in Africa, and Malaysia, India & Indonesia in Asia.

The selected participants will get access to industry, investor & market linkages, along with mentorship from sector experts to help them build and test their solution in their chosen international market, with subsequent support on scaling the solution as well.

Call for Participation

Applications are invited from participants that meet the following eligibility criteria:

Registered Entity: A Start-up registered in any of the participating countries with at least 2 years of operations.

Revenue: at least:

  • USD 150,000 average annual revenue in the last 2 years or
  • USD 100,000 average annual revenue in the last 3 years.

Solution: Live solution with an active customer and/or user base, and not in development/testing phase,

Active customer/user defined as having transacted with the solution at least once in the last 90 days.

The applicant must address at least one of the following three identified challenge areas in their chosen international market.

Low productivity: Access to new technology and innovations.

Climate risk: resilience climate change and natural hazards.

Inefficient supply chains: reduce wastage and build transparent pricing.

Participation Benefits

Why Apply?

Market Access: Linkages with industry/market partners and local innovators to help co-create & pilot solution in the chosen market.

Expansion Guidance: Guidance from innovation hubs and experts on solution framework and regulatory & compliance landscape.

Sector Insights: Mentoring and support from a network of country and ecosystem partners around sector insights and local market linkages.

Investor Showcase: Opportunity to connect & showcase business to an investor network and raise capital to support the scale up.

Continued Support:

  • Post-program support to scale up the solution
  • Opportunity to be considered for a financial grant.

Participating Countries

  • Africa: Kenya, Malawi, Uganda, Zambia
  • Asia: India, Indonesia, Malaysia

Evaluation Criteria

All eligible applicants will be evaluated against the following criteria:

Degree of Innovation: Solution innovation & differentiation and relevance in addressing marketing gaps.

Sustainability and Commercial Viability: Commercial scalability potential P&L and international market readiness.

Social Impact and UN SDGs: Impact on lives of smallholder farmers & climate, and alignment with SDGs.

Organizational Capacity and Implementation: Organizational infra, team and expertise to manage and sustain international expansion.

The Program Journey

  • Application Opens: 22 July to 30 Aug 2021
  • Evaluation and Cohort Unveiling (20 participants): Sep 2021
  • Structured Expansion Support: Oct 2021 to Jan 2022
  • Solution Showcase: Feb 2022

For more information, please visit: https://www.uncdf.org/finlab/agritechchallenge

Apply for Social Media Manager Position at Pulse Africa

Hafiz Akinde
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0
Apply for Social Media Manager Position at Pulse Africa

POSITION SUMMARY

Pulse is looking for a Senior Social Media Manager to join the team. As a Senior Social Media Manager, you will develop and execute social media and digitally-focused initiatives across our social media channels, aimed at engaging with the Pulse audience and clients. Our ideal candidate is passionate, socially aware of changing media trends, and equal parts a content developer and community manager.

About Pulse

Pulse is Africa’s leading innovative media company, informing and engaging Africa’s young audience and producing content and creative digital marketing solutions for top brands. We run news platforms and social channels and marketing and production in four countries – Nigeria, Ghana, Kenya, and Senegal.

We are the platform leading in reach – with over 100 million users and over 100 million video views on our own channels per month. We’re also a marketing partner, empowering brands with our expansive media reach and 360 degree in-house marketing solutions. Additionally, Pulse is the licensee publisher of the regional Business Insider Africa.

The role

The Senior Social Media Manager is a position we’re hiring for in our Lagos office. The role will report to the Head of Social Media and work very closely with the Editor in Chief.

Duties and responsibilities

  • Manage Social Media marketing campaigns and day-to-day activities in line with KPIs including but not limited to:
    • Management of Pulse Nigeria’s social media pages; create, curate, and distribute content relevant to the target audience across all assigned social media channels; ensuring proper content distribution, proper use of channels’ features, and community management following standard execution guidelines.
    • Community management – daily spam-check across all the channels and other commenting systems. Approve comments when necessary & quick response/monitoring of comments following the standard guidelines.
    • Monitor trends and happenings across channels using social media tools such as; IO Analytics, CrowdTangle, etc., and ensure time-to-market for the content distribution is efficient.
  • Become an advocate for the Company in social media spaces, engaging in dialogues and answering questions where appropriate.
  • Demonstrate ability to map out marketing strategies and then drive that strategy proven by testing and metrics.
  • Monitor trends in social media tools, applications, channels, design, and strategy.
  • Identify threats and opportunities in user-generated content surrounding the business – Report notable threats to appropriate management.
  • Analyze campaigns and translate anecdotal or qualitative data into recommendations and plans for revising the social media campaigns.
  • Monitor effective benchmarks (best practices) for measuring the impact of social media campaigns. Analyze, review and report on the effectiveness of campaigns in an effort to maximise results.
  • Keep up to date, research, and suggest new social media account management tools.
  • Collaborate with other teams: Editorial, Video, and Sales teams to achieve company-wide goals.
  • Support the Head of Social Media and Head of Marketing to actively propose and help implement new and innovative strategies in order to meet and exceed the company’s overall revenue and profit targets.

Skills that would make a candidate successful in this role

  • Minimum of 2 years experience managing social media accounts.
  • Great content creation skills.
  • A good knowledge of social media tools such as IO Analytics, CrowdTangle, etc.

Remuneration

Remuneration is competitive.

Working at Pulse and how to apply to join the team

The Pulse team is made up of incredible and passionate individuals who go above and beyond to inform and engage our young audience with quality content, also delighting our clients and partners with their creative ability to engage their target audiences.

As a team, we value creativity and curiosity, which helps us to stay ahead of the curve. Our Pan African team collaborates cross-functionally and values each other’s unique perspectives and opinions – true to our core values of teamwork. We also value trust as a team – both in how we work with each other transparently and how we deliver reliably for our clients. Our editorial and content team lead with credibility in a world of fake news, which our audience values immensely.

You’ll grow a lot at Pulse because you’ll be assigned responsibilities that challenge you and help you to acquire new skills. We expect high performance, so rest assured you will have the right tools and support to do a great job. We offer you a competitive salary, great insurance cover, and generous time off so that you can take care of your wellbeing – we prefer our team to be energized and productive. As a digital media company, we work partially remotely and partially from the office – we think it’s important for collaboration and team building to still see each other and work together in person occasionally!

Want to know more about what it’s like to work at Pulse? You can check out our careers page at www.pulse.africa/careers – here you will see our vision and mission, what some of our team members have to say about why they chose to work at Pulse, and some amazing projects we’ve worked on.

If you would like to apply, please send your CV and a cover email explaining why you’re a great fit for this role to careers@pulse.ng. Applicants for this role may come from a range of backgrounds, although within the Digital/ Creative/ Marketing/ Advertising industry is preferred. If you’re passionate about this opportunity, but don’t have all of the experience we’re looking for, we would still like to hear from you – please apply and let us know why you’d make a great addition to the Pulse team.

Source: https://pulse.africa/vacancy/senior-social-media-manager/

Apply for Email Marketing Manager Position at Pulse Africa

Hafiz Akinde
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0
Apply for Email Marketing Manager Position at Pulse Africa

POSITION SUMMARY

Pulse is looking for an Email Marketing Manager to join the team. As the Email Marketing Manager, you will develop, manage email marketing campaigns and create newsletters that are mobile-friendly, and enhance user experience for successful lead generation. Our ideal candidate is passionate about the email marketing ecosystem and is equal parts a structured and analytical thinker who will drive decision making from data-driven insights.

About Pulse

Pulse is Africa’s leading innovative media company, informing and engaging Africa’s young audience and producing content and creative digital marketing solutions for top brands. We run news platforms and social channels and marketing and production in four countries – Nigeria, Ghana, Kenya and Senegal.

We are the platform leading in reach – with over 100 million users and over 100 million video views on our own channels per month. We’re also a marketing partner, empowering brands with our expansive media reach and 360 degree in-house marketing solutions. Additionally, Pulse is the licensee publisher of the regional Business Insider Africa.

The role

The Email Marketing Manager is a position we’re hiring for in our Lagos office. The role will report to the Head of Marketing.

Duties & Responsibilities

  • Develop Pulse’s newsletters into an outstanding newsletter product users look forward to every day and businesses are happy to sponsor.
  • Full email newsletter management for all Pulse products and Pulse clients.
  • Email database management, maintaining subscribers’ security and integrity, and also periodically purging non-deliverable email addresses and opt-outs.
  • Grow the subscribers list by using forward-thinking strategies to garner sign-ups from our social media platforms, and other suitable sources.
  • Create email marketing campaigns using approved templates to promote products/services as needed.
  • Conduct A/B testing for template design, content selection, content category, etc., in order to optimise performance.
  • Ensure email templates are mobile-friendly.
  • Proofread newsletters for clarity, grammar, and spelling and ensure messages are on brand and impactful. Include persuasive ‘call-to-actions’ in advertisements and promotions.
  • Create a database of emails for lead generation that would be passed on to the Sales team. Track and analyze email marketing campaign performance and suggest improvements based on data-driven insights.

Skills that would make a candidate successful in this role

  • Solid experience with email marketing and HTML.
  • Highly analytical and data fluent. Must be able to gather insights from data and drive decision-making from it.
  • Excellent copywriting skills and design sense.

Remuneration

Remuneration is competitive.

Working at Pulse and how to apply to join the team

The Pulse team is made up of incredible and passionate individuals who go above and beyond to inform and engage our young audience with quality content, also delighting our clients and partners with their creative ability to engage their target audiences.

As a team, we value creativity and curiosity, which helps us to stay ahead of the curve. Our Pan African team collaborates cross-functionally and values each other’s unique perspectives and opinions – true to our core values of teamwork. We also value trust as a team – both in how we work with each other transparently and how we deliver reliably for our clients. Our editorial and content team lead with credibility in a world of fake news, which our audience values immensely.

You’ll grow a lot at Pulse because you’ll be assigned responsibilities that challenge you and help you to acquire new skills. We expect high performance, so rest assured you will have the right tools and support to do a great job. We offer you a competitive salary, great insurance cover, and generous time off so that you can take care of

your wellbeing – we prefer our team to be energized and productive. As a digital media company, we work partially remotely and partially from the office – we think it’s important for collaboration and team building to still see each other and work together in person occasionally!

Want to know more about what it’s like to work at Pulse? You can check out our careers page at www.pulse.africa/careers – here you will see our vision and mission, what some of our team members have to say about why they chose to work at Pulse, and some amazing projects we’ve worked on.

If you would like to apply, please send your CV and a cover email explaining why you’re a great fit for this role to careers@pulse.ng. Applicants for this role may come from a range of backgrounds, although within the Digital/ Creative/ Marketing/ Advertising industry is preferred. If you’re passionate about this opportunity, but don’t have all of the experience we’re looking for, we would still like to hear from you – please apply and let us know why you’d make a great addition to the Pulse team.

Source: https://pulse.africa/vacancy/email-marketing-manager/

The NITDA will use the AfCFTA to expand the digital economy.

Sodiq Ajala
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0
The NITDA will use the AfCFTA to expand the digital economy.

The National Information Technology Development Agency (NITDA), as part of Nigeria’s efforts to diversify its economy through technology, has proposed a collaboration with the Republic of Namibia in the fields of innovation and entrepreneurship through the African Continental Free Trade Area (AfCFTA).

The reason for this, according to NITDA, is that Africa as a continent missed out on the First, Second, and Third Industrial Revolutions owing to large capital investment needs, but the Fourth Industrial Revolution brings with its limitless potential.

“All it needs is talent and a vibrant, young technological-driven generation. It is therefore imperative for African countries to encourage “Made in Africa” products by exploring and exploiting opportunities provided by emerging technologies to build an enviable global market standard.” NITDA said.

When the High Commissioner of Namibia to Nigeria and Permanent Representative to ECOWAS, Humphrey D Geiseh, paid a courtesy visit to the Agency’s Corporate Headquarters in Abuja, they reached an agreement on establishing a feasible avenue for digital trade resolution.

Kashifu Inuwa Abdullahi, the Director-General of NITDA, expressed his satisfaction at the High Commissioner’s eagerness to work with NITDA to strengthen the connection and create technical goods between the two nations.

According to Abdullahi, the agency was responsible for executing the National IT Policy until the Ministry’s remit was expanded to include the Digital Economy in 2019. This, he claimed, was due to the fact that communications were not a goal in itself, but rather a means to an end.

He stressed the need of calibrating efforts and aligning them with the National Digital Economy Policy and Strategy (NDEPS), which demanded the creation of a new Strategic Road Map and Action Plan by the Agency.

The DG added that Africa should leverage ‘Emerging Technologies,’ a key pillar in the road map, to develop and capture technical values.

Exclusive Networks And Networks Unlimited Partners to Eye Sub-Saharan Africa Expansion

Sodiq Ajala
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0
Exclusive Networks And Networks Unlimited Partners to Eye Sub-Saharan Africa Expansion

Exclusive Networks, a global trusted cybersecurity expert for digital infrastructure, has signed an exclusive agreement with Networks Unlimited to begin talks about a possible purchase.

Networks Unlimited is a significant regional value-added distributor focusing primarily on the cybersecurity and infrastructure industries, and the two companies share a number of critical vendor connections.

Its partner network offers them access to 38 national markets throughout the continent, with operations in South Africa, Kenya, and Mauritius. Exclusive Networks’ position in the region would be bolstered by the deal, which would increase the company’s worldwide reach and provide new options for both companies’ vendors and customers.

“Our global strategy continues to seek like-minded national and regional specialists like Networks Unlimited who possess strong leadership, deep expertise, and a proven track record of growth that chimes with our vision,” said Exclusive Networks CEO, Jesper Trolle.

“The synergies in services offerings and vendor portfolios are both clear and compelling. We are also excited by the possibilities of serving more of the African market, building on our existing operations that border the Networks Unlimited footprint.”

Fortinet and F5 Networks are the primary vendors for Networks Unlimited, and both companies have strong vendor connections with Exclusive Networks internationally. Rubrik, Mellanox, SentinelOne, and Tintri are just a few of the other firms with whom the two companies have partnered.

Aside from suppliers and technology, the two firms share a forward-thinking approach to high-value services and a strong commitment to certified personnel. Networks Unlimited is mostly owned by the individuals who run the company and work there, giving it an innovative and entrepreneurial ethos similar to that of Exclusive Networks.

“We believe this is an exciting development with the potential to build on our 27-year history as a fixture of the African IT landscape by beginning a new chapter as part of a global relationship,” said Anton Jacobsz, CEO of Networks Unlimited Africa.

“Exclusive Networks would be, in our view, a great fit for our customers and partners, and provide many new opportunities for our fantastic and committed team. We have highly skilled engineering resources throughout the region to assist with global implementations, while our partner ecosystem would benefit commercially from the global scale opportunities afforded by us being part of the worldwide Exclusive Networks organization.”, Eyes Sub-Saharan Africa Expansion

Kenya’s Wapi Pay Has Raised $2.2 Million in Pre-seed Funding for Cross-border Payments Between Africa and Asia

Hafiz Akinde
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0
Kenya’s Wapi Pay Has Raised $2.2 Million in Pre-seed Funding for Cross-border Payments Between Africa and Asia

Wapi Pay, a Kenyan startup has raised $2.2M pre-seed for cross-border payments between Africa and Asia. The $2.2 million pre-seed investment will be vital to scaling up global payments and remittances between Africa and Asia.

Wapi Pay, a payments gateway that enables African businesses to receive and send money from Asia via mobile money platforms and bank accounts, was founded in 2019 by brothers Paul and Eddie Ndichu. Since then, they have carved a market for themselves by facilitating payments between both extreme remittance worlds of Africa and Asia.

Despite the growing trade relationship between the Africa and Asia, the remittance cost is still high and Wapi is doing a great job to create a window to alleviate these fees. With Wapi Pay, you can now process payments within a day and pay charges as low as 3%.

In the first quarter of 2021, trade between Africa and China increased by 27% to $52.1 billion, compared to the same period in 2020. Despite the pandemic’s economic recovery, African merchants still find it difficult to send and receive money. These expenditures might be as high as 20% in some circumstances, particularly in Southern African countries. The wait period can be excruciating, with some customers waiting up to a week for payment to be completed.

The CEO in a statement said that “Wapi Pay bypasses traditional payment networks, optimizing efficiency and cost for our customers. Users choose the delivery channels they want, such as bank to bank, wallet to wallet, bank to wallet and wallet to bank options to transfer funds as well as make merchant payments, with settlement done within 24 hours.”

Wapi Pay plans to use the funds to engage regulators in Africa for licensing, as well as scalability, product, and regional expansion.

“These funds will help Wapi Pay diversify our products range and drive growth so that we can evolve remittances into real-time global cross-border payments, starting with Africa and Asia. All while minimizing the cost of transactions, it needs to be as easy as sending M-PESA,” Eddie added.

Mauritius Rolls Out Its 5G Network

Hafiz Akinde
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0
Mauritius Rolls Out Its 5G Network

Mauritius Telecom mobile network (MyT Mobile) has become one of the first African countries to launch their 5G network. This is coming one month after it obtained its license for 5G mobile telephony.

Speaking at a press conference, the Chief Executive Officer (CEO) of Mauritius Telecom, Sherry Singh, stated that the operator is the first operator to deploy the 5th generation of mobile network in Mauritius and the whole of Africa.

According to the CEO, MyT Mobile subscribers will get a message inviting them to register to connect to the 5G network in the Cybercity regions of Ebene, Trianon, Bagatelle, and Reduit.

The telecommunications company explained in a press release that “with the deployment of its MyT 5G Experience Zones, Mauritius Telecom propels Mauritius on the world map of countries that have deployed 5G and at the same time joins the Top 10 African countries that have launched this technology.”

The CEO of MyT also said that in spite of a challenging business environment, we have to take a step and get our country ready for tomorrow’s Technology today. It is a question of laying the foundations to prepare the country today to face the technological challenges of tomorrow, he add.

The 5G technology is described as a technology that empowers the network of the future. According to the Telecom giant, Ericsson, 5G will take automation to the next level, bringing high speed mobile internet and using IoT to improve road safety – just to name a few use cases.

They predict that 5G will penetrate every region by 2026 and will open up future business opportunities for the region. Statista also stated that 5G is expected to reach 1 billion users in 3.5 years, compared with 4 years for 4G and 12 years for 3G.

Paypal joins US-based accelerator, Catalyst Fund as it announces 9th cohort of its inclusive fintech programme

Sodiq Ajala
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0
Paypal joins US-based accelerator, Catalyst Fund as it announces 9th cohort of its inclusive fintech programme

The 9th cohort of the Catalyst Fund Inclusive Fintech program has been announced by Catalyst Fund, a global fintech accelerator managed by BFA Global.

Over the following two cohorts, it will investigate the role of digital finance in promoting climate resilience with a limited group of firms.

PayPal, a payment provider, has joined the fund as a new supporter in its Inclusive Fintech initiative, according to the accelerator. JPMorgan Chase & Co. and the UK Foreign, Commonwealth, and Development Office (FCDO) have been previous supporters.

“At PayPal, we think that financial technology can assist disadvantaged individuals and communities develop resilience to climate-related calamities and exploit economic possibilities in the global climate transition,” says Franz Paasche, Chief Corporate Affairs Officer at PayPal.

“We are proud to partner with Catalyst Fund to support these innovative startups at the forefront of developing new tools and technologies focused on the intersection of financial inclusion and climate resilience,” he concludes

Catalyst Fund has a history of investing in African companies in Nigeria, Kenya, and South Africa through its Inclusive Fintech program, with savings and investment platform Cowrywise being the first Nigerian firm in its accelerator portfolio.

In 2020, JP Morgan and UK Aid will invest $15 million in the accelerator to support 30 fintech businesses in Africa, Asia, and Latin America. This rise was to be applied over the next three years.

This batch has accepted six financial startups. HealthDart from South Africa, Kazi from Kenya, Crop2Cash from Nigeria, Ohm Mobility and PocketFin from India, and Verqor from Mexico are among them.

People or smallholder farmers in low-income regions can use all six fintech to get financial services.

Anthemis, Quona Capital, Better Tomorrow Ventures, Flourish Ventures, Accion Venture Lab, and Gray Ghost Ventures were all authorized by Catalyst Fund’s Investor Advisory Committee (IAC).

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