On April 3, the Rwanda National Police's Department of Testing and Licensing stated that successful applicants and those who currently hold legal licenses would receive an electronic provisional license. The new method went into effect on April 3 and will be available through the online platform Irembo. IremboGov, Irembo’s pioneer product, a Rwandan digital platform, was launched in July 2015 and has since digitized 98 public services, making it easier for over 8 million Rwandans and foreigners to access them. Check for more info: MINICT: Irembo kicks off the phased migration of all services to its brand-new platform. In July 2020, a new Irembo 2.0 version was launched as an improved version whose features are all new, including a simple and more user-friendly interface. Since then, it has been able to launch new services, hence the addition of the electronic provisional driver’s license service. Officials claim that anyone who successfully passes the provisional driving test will be able to pay for and access their driving license digitally. "Those who already have a provisional driving license can make a payment through Irembo and download it without further charge," they specified. This, however, is only applicable to those who want provisional driving permits. The temporary driving permit, meanwhile, is only good for two years. More information on Police beginning issuing electronic provisional driver's licenses (msn.com)   

Bootstrapping, business partners, angel investors, and accelerators are all ways to raise startup financing.   One of the challenging challenges that entrepreneur faces is raising cash for their business idea. You need funding to make it happen in order to put your ideas into action or expand that firm. Like you, most African business owners had to start from nothing. To demonstrate to you how they raised money for their enterprises, we profiled a few of them. These business people include Palmer Lucky, Jack Ma, Oluwatomi Solanke, Jason Njoku, Joshua Chibueze, Charles Dairo, and Dare Odumade. It is hoped that by following in their footsteps, you will be able to raise the money your company sorely needs. Let's get started straight now. They converted social capital to financial capital through bootstrapping, business partners, angel investors and accelerators. Bootstrapping Bootstrapping means using your personal resources to start and grow your startup, such as personal savings, personal computing equipment, and office space. It's an excellent funding strategy that keeps ownership in-house while limiting debt. Charles Dairo founded CKDigital shortly after graduating from university. The company, which has been in operation for over ten years, is entirely self-funded and has served reputable brands such as FMDQ OTC Plc, Cardinal Stone Group, Royal Exchange Group, Vitafoam Plc, Red Star Plc, and others. Business partner Another great option to raise money is to find a business partner who will provide the required capital in exchange for a share of your company. IrokoTV was funded through this kind of fund-raising by Jason Njoku. Sebastian Gotter, Jason's business partner and co-founder, and they both attended the University of Manchester. In 2010, Sebastian, the wealthy partner, donated a $150,000 initial seed investment for a 50% interest. While Jason was the business owner who had a thorough understanding of the regional market and was in charge of carryin

Young Kenyans are looking for the best investment opportunities and financial advisors to assist them along the way. With increasing wealth and a desire for security, many young people are turning to wealth advisors and managers for help in making sound investment decisions. According to the Standard Chartered Wealth Expectancy Report 2022, professional wealth managers are used by 63% of young investors worldwide (ages 18–35). According to the report, younger investors are more likely than older investors to use professional wealth managers. Asset managers such as banks and fund managers are also entering the wealth management space, offering personalized portfolios that are tailored to the unique needs of each individual investor. The demand for wealth managers and consultants comes at a time when young Kenyans are concerned about inflation, global economic uncertainty, and the possibility of a recession. They hope to secure their financial future, prioritize their retirement savings, and provide for their children's education and future with proper wealth management. Family wealth consultants are also gaining popularity among young Kenyans. Many business owners and parents are seeking their assistance to ensure the successful succession of wealth and to avoid family feuds. These consultants assist families in developing healthy relationships and collaborating to preserve their wealth for future generations. The newly wealthy Kenyans seek to grow and sustain their wealth, to make their families work when wealth is involved, and to ensure that their family enterprise will care for their families after they die. They hope to save for retirement, prioritize their children's education and future, maintain their lifestyle and health, and ensure consistent cash flows with proper wealth management.

Affirmative Finance Action for Women in Africa (AFAWA), an African Development Bank women's initiative, recently reached $1 billion in loan approvals for African women business owners with the intention of addressing the continent's wage disparity between male and female farmers. This announcement follows the bank's memorable summit last week to address Africa's growing food security problems. The Dakar 2 Africa Food Summit, co-hosted by the Africa Development Bank and the Government of Senegal, drew 34 heads of state and government, more than 70 ministers, farmer representatives from the corporate sector, and development partners. During the event, Dr. Beth Dunford, the Bank's vice president for agriculture, human, and social development, stated that he is extremely proud of AFAWA's financing achievement and that "AFAWA's benchmark serves as a reminder that when we invest in Africa's food systems, we must also invest in Africa's women businesses." According to Malado Kaba, Director of the Bank's Gender, Women, and Civil Society Department, AFAWA-approved lending to women-led small and medium-sized enterprises will reach $1.051 billion by the end of December 2022. AFAWA's approved lending reaches 27 countries and 56 financial institutions, with $135 million going to women in agriculture. AFAWA's financing instruments have already benefited 4,115 women business owners. And she added that this is only the start. The gender disparity in Africa's agricultural sector is stark, owing to the fact that women make up the majority of the workforce while controlling a small portion of the wealth generated. To that end, AFAWA was established, and over the last two years, the initiative has contributed to giving female African farmers more autonomy over their agricultural careers by increasing the number of investments made in women-owned small and medium-sized businesses. AFAWA also collaborates with Ecobank on the "Financing Climate Resilient Agricultural Practices

In order to speed up its growth, Trade Lenda, a fintech company with headquarters in Lagos, has raised US$520,000 in pre-seed capital. Trade Lenda was founded in 2021 with the goal of providing access to financing for the business needs of micro, small, and informal retailers.

At the unveiling of its most recent flagship product, the Phantom X2 series, TECNO, a well-known mobile phone manufacturer in Africa, revealed its collaboration with MTN. The first 5G-capable device from TECNO was released in the Nigerian market at the launch event, which was held on January 20 at the Jewel Aeida event center in Lekki Phase 1 in Lagos, Nigeria.

The Google Translate app for iOS and Android now supports 33 additional languages, including Kinyarwanda and eight other African languages, according to a recent announcement from Google. With the addition of this, Google now supports 12 African languages. When there is no internet connection, the offline capability "allows users to download the languages of interest and translate text," according to Google.

The Cape Innovation and Technology Institute    (CiTi), which was founded in 1999 and is known as Africa's oldest tech incubator, has rebranded to UVU Africa to reflect its new pan-African approach. UVU Africa is extending and evolving its work across the African continent, with the goal of impacting multiple African countries over the next 20 years. The rebranding was celebrated earlier this week with an event attended by 200 ecosystem partners, government supporters, and funders.

"How can I make money with Bitcoin in Africa, especially in Nigeria in 2023?" This may be your question and I have answers for you. Here are different ways to make it happen. 1. Buying and Selling Bitcoin 2. Trading Bitcoin 3. Mining Bitcoin 4. Accepting Bitcoin as Payment 5. Buying and Holding Bitcoin 6. Microtasks

Elon Musk's Starlink satellite📡 internet company has revealed🔊 that it will begin operations in Kenya in the second quarter of 2023.

Kwara, Kenyan fintech which was launched in 2019 to help credit unions in East Africa, has now secured a $3M seed extension to digitize more East African credit unions.