- 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
Razaq is a Nigerian tech entrepreneur and the Founder and CEO of Cowrywise.
The startup provides investment management for Africans and enables access to savings and investment products securely.
Before founding Cowrywise in 2017, Razaq launched Sart Partners, an investment management and financial advisory firm that offered companies strategic, financial and industry expertise.
At Cowrywise, Razaq has led the startup to become one of the leading fintech platforms in Africa. The company is the first to be accepted into the Catalyst Fund program in Nigeria and has previously received support from JP Morgan and UK Aid.
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Egypt’s National Telecommunications Regulatory Authority (NTRA), Telecom Egypt, and Huawei have completed Africa’s first trial of mobile services using the upper 6 GHz band, achieving data speeds of approximately 1.7 gigabits per second for each user.
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Ninety One has reached the final close of its Africa Credit Opportunities Fund 3 at $404 million, including leverage, to finance businesses and critical infrastructure projects across Africa and other emerging markets.
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Africa Finance Corporation has raised approximately $431 million (CHF 350 million) through a five-year digital bond to support its general funding requirements and expand its capacity to finance infrastructure across Africa.