- EmpowerAfrica
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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
African Changemaker
Aziz is a Senegalese fintech entrepreneur on a mission to build the next African PayPal by providing daily services, including payment solutions and an artificial intelligence-based personal assistant.
He is doing this through PayDunya, a Dakar-based Pan-African payments champion he co-founded in 2015.
PayDunya facilitates the sending and receiving of payments on a website or mobile application and the collection and disbursement of bulk payments. Having missed the turning point of the industrial revolution, Aziz believes Africa mustn’t miss out on the digital one.
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The African Development Bank Group’s Board of Directors has approved a €6.5 million investment in the Saviu II venture capital fund as part of ongoing efforts to expand financing for early-stage technology companies in Africa.
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Platinum Credit Uganda, the Ugandan microfinance arm of The Platcorp Group, has attracted a fresh injection of capital after securing a $4 million investment from Swiss asset manager Symbiotics to bolster lending to underserved communities and small businesses across the country.
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Nigeria has secured its first significant financial commitments from European institutions to back its ambitious national fibre-optic expansion plan, Project BRIDGE, aimed at ensuring high-speed internet access in every one of the country’s 774 local government areas.