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Africa Fintech Summit

TechCabal

Ajim Capital

Tanzanian fintech, Nala Money, backed by Bessemer Ventures and Accel, unveils plans to establish Rwanda as the settlement hub for its East African remittance operations. With a recently acquired licence from Rwanda's National Bank, Nala aims to streamline international money transfers, reducing costs and bypassing intermediaries. This move aligns with Rwanda's ambition to position itself as the premier gateway for fintech in Africa.

Tanzanian fintech Nala Money, supported by Bessemer Ventures and Accel, is set to designate Rwanda as the settlement hub for its East African remittance services. Obtaining a licence from Rwanda's National Bank enables Nala to enhance efficiency, decrease costs, and integrate directly with local banks and telcos. This move aligns with Rwanda's strategic goal to establish itself as a leading hub for fintech on the African continent, attracting major players in the industry.
 
Read more on <a href="https://techcabal.com/2023/11/18/nala-wants-to-make-rwanda-settlement-hub/">TechCabal</a>

Nala Money Chooses Rwanda as East African Settlement Hub, Expanding Fintech Footprint 🇷🇼

Disrupt-Africa

Tunisian startup Cynoia, specializing in team collaboration solutions, has raised $930,000 in funding, propelling its expansion into the West African Economic and Monetary Union. With a comprehensive suite of collaboration tools, Cynoia plans to enhance productivity and streamline teamwork.

Tunisian startup Cynoia has secured EUR850,000 ($930,000) in funding from United Gulf Financial Services, 216 Capital Ventures, and Bpifrance. Founded in 2022, Cynoia offers a robust team collaboration platform, consolidating essential tools from chat and video conferencing to project management. With over 3,000 users in nine countries, the startup aims to expand its footprint in West Africa, focusing strategically on Senegal and Ivory Coast. The funding signifies a promising step toward enhancing collaboration and productivity within teams on a global scale.
 
Read more on <a href="https://disrupt-africa.com/2023/12/04/tunisian-team-collaboration-startup-cynoia-raises-930k-for-west-african-expansion/">Disrupt-Africa</a>

Cynoia Secures $930K Funding for West African Expansion, Targets Senegal and Ivory Coast

Rest Of World

As gas prices in Nigeria surge by nearly 230%, food delivery riders are racing towards electric bikes, saving up to 60% on fuel and maintenance costs. 📈⚡ Explore how this shift is transforming the gig economy and sparking interest in sustainable alternatives.

As gas prices skyrocket in Nigeria, food delivery workers are turning to electric motorcycles, saving 40%-60% on monthly expenses. With fuel costs surging by nearly 230% since May, the adoption of e-bikes is on the rise, providing cost-effective and sustainable alternatives. Despite initial hurdles like high upfront costs, gig workers are increasingly recognizing the long-term benefits, prompting companies like Glovo to consider a large-scale EV program for its riders by year-end. The shift underscores the need for improved EV infrastructure and government support in making electric vehicles more accessible for the gig economy. ⚡🇳🇬🛵&nbsp;
 
#ElectricVehicles #Nigeria #GigEconomy #Sustainability
 
Read more on <a href="https://restofworld.org/2023/nigeria-fuel-prices-ebike-adoption/">Rest Of World</a>

Nigerian Food Delivery Riders Shift Gears: Embracing Electric Bikes Amid Soaring Gas Prices 🚴‍♂️⚡

Cointelegraph

Embarking on a mission to boost Bitcoin education in Africa, Trezor introduces the Trezor Academy during the Africa Bitcoin Conference. The academy aims to empower local communities with in-person meetups and insights from Bitcoin experts, reinforcing the cryptocurrency's potential.

Trezor, the hardware cryptocurrency wallet firm, has officially unveiled the Trezor Academy, an educational initiative aimed at spreading Bitcoin knowledge across Africa. The academy, initially piloted in 2023, has been active in countries like Ghana, Nigeria, Cameroon, Uganda, Burundi, and Kenya. It plans to extend its reach to more than ten new African countries in 2024, conducting local meetups and educating hundreds of individuals about Bitcoin. As part of this initiative, Trezor is also supporting Bitcoineta, a Bitcoin awareness campaign using a branded Land Rover to tour West African countries, sharing the Bitcoin message with rural communities and schools. 🌍🚗💡&nbsp;
 
#BitcoinEducation #AfricaBitcoinAcademy #TrezorInitiative
 
Read more on <a href="https://cointelegraph.com/news/trezor-education-africa-bitcoineta-trip">CoinTelegraph</a>

TechCabal

Nala Money Chooses Rwanda as East African Settlement Hub, Expanding Fintech Footprint 🇷🇼

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