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Africa Fintech Summit

TechCabal

Ajim Capital

At the Kauffman Fellows event held in Nairobi this week, TechCabal spoke with Olugbenga Agboola, the CEO of Flutterwave. This publication shared several questions for him, including the state of its products, such as Barter and Send app, and we are posting them here verbatim to fully understand what the company has been up to and what it has planned for the coming days.

Flutterwave's CEO, Olugbenga Agboola, shared insights into the company's evolution and future plans at a recent event. He discussed Flutterwave 3.0, its suite of products, and the goal of solving African market problems. The company primarily operates in Nigeria, South Africa, Egypt, and Kenya, with strategic expansion into Rwanda, Ghana, Cameroon, Cote d’Ivoire, and Senegal. Agboola noted significant growth across all segments, particularly the Send app, which is growing at over 100%. He hinted at an IPO but emphasized their current focus on customer experience and digital market expansion. Agboola also addressed regulatory issues in Kenya, highlighting their commitment to proper governance and scaling efforts.
 
Olugbenga Agboola, CEO of Flutterwave, discussed the company's structure and evolution, highlighting Flutterwave 3.0 as a suite of products aimed at solving African market problems. While their primary markets include Nigeria, South Africa, Egypt, and Kenya, they strategically expand into other African countries. Agboola emphasized significant growth across all segments, with the Send app growing at over 100%. Regarding Flutterwave's IPO plans, he mentioned a focus on customers, revenue, experience, and digital market expansion. Agboola also addressed regulatory challenges in Kenya, emphasizing their commitment to proper governance and scaling efforts.
 
Read more on <a href="https://techcabal.com/2023/09/15/flutterwave-ipo-talk-and-state-of-barter/">TechCabal</a>

Flutterwave CEO Olugbenga Agboola Talks FW 3.0, IPO Plans, and Expanding in Africa 🚀 📈

Disrupt-Africa

Egyptian fintech startup MoneyHash has raised funding from GitHub founder Tom Preston-Werner as part of a soon-to-be-announced seed round.
Founded in late 2020 by Nader Abdelrazik, Mustafa Eid and Anisha Sekar, MoneyHash provides a unified checkout experience built on top of a secure super-API that aggregates payment and fintech solutions through a single integration, as well as a central dashboard consolidating technical infrastructure and centralising data and operational reporting.

🚀 Egyptian fintech startup MoneyHash secures funding from GitHub founder, Tom Preston-Werner, in an upcoming seed round.
 
📊 MoneyHash offers a unified checkout experience through a secure super-API, simplifying payment and fintech solutions integration.
 
💰 The company had previously raised $3 million in a pre-seed funding round and swiftly expanded its services across Africa.
 
👏 Tom Preston-Werner is impressed by MoneyHash's technical quality and product vision, supporting its growth in the growing African and Middle Eastern payment landscape.
 
🌍 Exciting times ahead for MoneyHash as it continues to evolve its fintech offerings.
 
Read more on <a href="https://disrupt-africa.com/2023/10/04/egyptian-fintech-startup-moneyhash-raises-funding-from-github-founder/">Disrupt-Africa</a>

GitHub Founder Backs Egyptian Fintech Startup MoneyHash in Upcoming Seed Round 🇪🇬

WazoPlus

Nouabalé-Ndoki National Park is officially the world's first certified gorilla-friendly park. The achievement not only sets up the park, situated in Congo Republic, for more funding but also highlights the growth of public-private partnerships in wildlife conservation.

Bonface Orucho, bird story agency
 
Nouabalé-Ndoki National Park in the far north of the Republic of Congo has become the world's first certified gorilla-friendly park, according to a joint statement by two international wildlife organisations. According to the organisations, the award to the park, which lies at the heart of the Congo Basin, is a testament to the success of collaborations between government and the private sector in wildlife conservation.
 
This milestone was announced on September 28 by The Wildlife Friendly Enterprise Network and the Wildlife Conservation Society, who hailed it as a "first-of-its-kind globally."
 
“It proves that the Nouabalé-Ndoki National Park's management follows the IUCN Best Practice Guidelines for Great Ape Tourism and incorporates Global Sustainable Tourism Council criteria for sustainable tourism as Nouabalé-Ndoki National Park develops its tourism offering,” the statement outlines.
 
Spanning over 4,000 square kilometres, Nouabalé-Ndoki National Park is an example of an untouched ecosystem in the Congo Basin, according to the statement, and remains free from logging and roads, providing a sanctuary for wildlife largely undisturbed by human presence. This expanse is part of the Sangha Tri-National Forest Landscape, which has been nominated for UNESCO World Heritage Site status since 2012.
 
The Gorilla Friendly Certification Program, initiated by the International Gorilla Conservation Program (IGCP), is a collaborative effort involving Conservation International, Fauna &amp; Flora International, and the World Wide Fund.
 
In the wake of this recognition, the park is set to receive more tailored yet enhanced support, particularly directed towards the protection of gorillas, an umbrella species whose safeguarding benefits numerous other plants and animals.
 
The park is home to lowland gorillas, including western lowland gorillas, a subspecies classified as critically endangered, with data from the IUCN revealing there are fewer than 150,000 of the species remaining, earning them a spot on the IUCN’s Red List.
 
A 2018 IUCN-sponsored study found that nearly 20% of the initial population of the species was lost to poaching and disease between 2005 and 2013. Even more alarmingly, more than 80% of their population has been lost over the past three generations.
 
The situation for eastern lowland gorillas is even more dire, with numbers plummeting by over 50% since the 1990s, when their population stood at 17,000. Gorillas.org attributes the drop to habitat loss. Projections from the IUCN indicate that they now inhabit only about 13% of their historic range.
 
More fundamentally, the certification of Nouabalé-Ndoki National Park stands as a testament to the efficacy of conservation efforts using the private-public partnership (PPP) model. The park has been managed through a public-private partnership model since 2014, when the Republic of Congo and the Wildlife Conservation Society entered into a partnership and established the Ndoki Foundation as the park's managing authority.
 
Alpheaus Litheko, a South African researcher and tourism expert, explained that PPPs are ideal in Africa as they strike a balance between economic development and conservation.
 
"Advancing sustainability while managing protected areas raises new challenges, such as how to reach a balance between economic development and conservation," he explains.
 
Across the border from the Congo Republic, in the Democratic Republic of Congo, several national parks, including Kundelungu, Upemba, Salonga, Virunga, Okapi, and Garamba, are similarly run under this model under different deals with diverse nonprofits.
 
According to a 2021 World Bank report, over 15 countries in Africa are now co-managing protected areas with private organizations, and the impact of these partnerships continues to grow.
 
Rwanda provides a striking example of the positive outcomes of such partnerships. Mountain gorillas, a subspecies on the brink of extinction in the early 1990s, have rebounded, with their current numbers surpassing 1000. This remarkable recovery can in part be attributed to numerous shared management partnerships between the government and private organizations.&nbsp;
 
The 2023 Wildlife Economy Investment Index report, unveiled at the Business of Conservation Conference in August, ranked Rwanda 6th in wildlife conservation in Africa.
 
In addition to conventional public-private partnership models involving the establishment of managing authorities, new and innovative models have emerged in recent years.&nbsp;
 
The Wildlife Conservation Bond is one. &nbsp;This World Bank-backed initiative rolled out in 2022 and is a five-year bond involving multiple stakeholders. According to the World Bank’s Marie Nelly, the bond taps into capital markets to raise funds from private investors without adding to sovereign debt.
 
The trend is anticipated to gain further momentum, particularly after some of Africa’s largest financial institutions launched a "Nature Voices Pledge" on the sidelines of the Africa Climate Summit recently held in Nairobi.&nbsp;
 
The pledge, a commitment to invest in conservation and biodiversity restoration, brought together major African and global financial institutions such as Standard Chartered, KCB, Equity Bank, Ecobank, Access Bank, DBSA, Zanaco, FirstRand, Investec, Sanlam, Old Mutual, CalBank, ICEA LION, and Fidelity Shield.
 
However, as Litheko underscores, it is imperative for governments to formulate and implement a definitive and practical policy response on how best to regulate PPP transactions for the benefit of all stakeholders.&nbsp;
 
“An inclusive strategy from formulation to implementation and a management plan will foster the achievement of sustainable development goals and promote procedures that will facilitate the participation of local communities,” he said.
 
bird story agency
 
Links: https://wildlifefriendly.org/nouabale-ndoki-national-park-becomes-our-first-certified-gorilla-friendly-park/
https://www.iucnredlist.org/species/9404/136250858

'Gorilla Friendly' award highlights the role of wildlife partnerships 🇨🇬

Benjamindada

Pan-African data and intelligence company, Stears today announced its transition from B2C to B2B. The company has also launched intelligence solutions for businesses and professionals.

Pan-African data company Stears has made a strategic shift from a B2C model to a B2B approach, introducing intelligence solutions for businesses and professionals. This transition comes as Stears expands its coverage across Africa, offering macroeconomic insights into more countries. Individual subscribers will maintain access to the platform's insights until their subscriptions expire. Stears aims to provide comprehensive data solutions to equip businesses and professionals with reliable information for informed decision-making. The move aligns with the organization's commitment to supporting growth opportunities in African economies.
 
Read more on <a href="https://www.benjamindada.com/stears-transitions-b2b-launches-intelligence/">BenjaminDada</a>
 
#Stears #Data #BusinessIntelligence #Africa #EconomicInsights 🌍📊

TechCabal

Flutterwave CEO Olugbenga Agboola Talks FW 3.0, IPO Plans, and Expanding in Africa 🚀 📈

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