- 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
Ham is a Ugandan fintech entrepreneur helping design products and deliver services that improve people’s lives — one transaction at a time.
He is the co-founder and CEO of Chipper Cash, a financial technology company that provides mobile-based cross-border payment services in Africa.
Under their leadership, Serunjogi and his co-Founder Maijid Moujaled have built Chipper Cash from a little-known app touting the potential of cross-border payments to a Pan-African unicorn.
Serunjogi and Moujaled launched Chipper Cash to solve the problem of high transaction fees and limited access to financial services across Africa.
Serunjogi has been recognized for his entrepreneurial efforts and was named one of Time Magazine’s 100 most influential people in the world in 2021.
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French development finance institution Proparco is investing approximately $672,000 in Cashi to support digital financial services in Sudan, where cash shortages and disruptions to banking and telecommunications have complicated everyday business transactions.
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South African fintech Yoco has secured a $100 million credit facility from US investment firm Victory Park Capital to expand working capital financing for small and independent businesses.
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The International Finance Corporation (IFC) has proposed investing up to $30 million in Capital Alliance Private Equity Fund V (CAPE V), sponsored by Lagos-based African Capital Alliance (ACA).