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Nigeria’s ThriveAgric Partners With Heifer International to Financially Empower 125,000 Farmers

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Nigeria's ThriveAgric Partners With Heifer International to Financially Empower 125,000 Farmers

ThriveAgric, a Nigerian agritech company, has announced a new initiative to empower 125,000 farmers across the country financially.
 

The initiative, which is called the AYuTe (Agriculture, Youth and Technology) Project, is being implemented in partnership with Heifer International, a global nonprofit organization.

The AYuTe Project will provide farmers access to financial services, including bank accounts, debit cards, and loans.

The project will also provide farmers with training in financial literacy and business management.

The AYuTe Project targets smallholder farmers in eight northern Nigerian states: Adamawa, Gombe, Yobe, Jigawa, Kaduna, Kano, Katsina, and Bauchi.

These states are home to many farmers, but they are also some of the poorest states in Nigeria.

ThriveAgric’s CEO, Ayodeji Arikawe, said that the AYuTe Project is designed to help farmers break the cycle of poverty.

Heifer International’s Country Director for Nigeria, Rufus Idris, said that the AYuTe Project is a unique initiative that will significantly impact Nigerian farmers’ lives.

The AYuTe Project is expected to be completed within the next twelve months.

ThriveAgric and Heifer International are working with a number of partners, including banks, mobile money operators, and government agencies, to implement the project.

The AYuTe Project is a significant development for the Nigerian agricultural sector.

It is one of the first initiatives to give smallholder farmers access to financial services at scale.

The project is expected to positively impact the lives of thousands of farmers and their families.

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Koree, a Fintech Startup from Cameroon, Wins the Ecobank Fintech Challenge

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Koree, a Fintech Startup from Cameroon, Wins the Ecobank Fintech Challenge

Koree, a Cameroonian fintech company, has been crowned the winner of the 2023 Ecobank Fintech Challenge.
 

The announcement was made at the Grand Finale of the competition, which was held at the Ecobank Group headquarters in Lomé, Togo.

Koree is a card wallet payment solution that digitizes merchant payments.

The startup allows consumers to digitally collect their spare change from cash retail payment roundups, and earn cashback from stores and brands across multiple categories.

Koree beat out eight other finalists to win the top prize of US$50,000.

Koree’s victory is a significant achievement for the Cameroonian fintech ecosystem. It is the first time that a Cameroonian fintech company has won the Ecobank Fintech Challenge.

The Ecobank Fintech Challenge is an annual competition that is organized by Ecobank Group, one of Africa’s largest banks.

The competition aims to identify and support innovative fintech startups that are developing solutions to address the challenges facing the African financial sector.

The 2023 Ecobank Fintech Challenge received over 1,400 applications from fintech startups.

The finalists were selected by a panel of judges who are experts in the fintech and financial services sectors.

The winner of the Ecobank Fintech Challenge receives a cash prize, as well as access to mentorship and support from the Ecobank Group.

This support can help the winning startup to scale its business and reach more customers.

Koree’s victory in the Ecobank Fintech Challenge is a testament to the innovation and creativity of the Cameroonian fintech ecosystem.

The startup’s solution is addressing a real need in the African market, poised to make a significant impact on the lives of millions of people.

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