Ambitions around an increasingly digital and connected Africa, underscored by accelerated digitalisation in response to COVID-19 and technological change, have profound implications for life on the continent.
We are exploring the impact of digitalisation on the:
FinTecHub and Cenfri are pleased to announce the signing of their new Memorandum of Understanding (MoU). This MoU underlines the shared interest of FinTecHub and Cenfri in developing and strengthening African fintech, and Rwandan fintech in particular. FinTecHub is Rwanda’s dedicated virtual accelerator that supports selected Rwandan fintech start-ups to
Central banks across the developed and developing world have begun considering the possibility of implementing a Central Bank Digital Currency (CBDC) to enhance drivers for economic growth and financial sector development such as financial inclusion, digital financial services and national payment system (NPS) efficiency. CBDC is a digital representation of
In 2019, one in five youth in Africa were not in employment, education or training [1]. Each year, 10 to 12 million youth enter the workforce [2], while only 3 million formal jobs are created. The emergence of the COVID-19 pandemic and a deterioration in African growth prospects is expected
Nigeria is Africa’s most populous country and one of the largest e-hailing markets in Africa. By the end of 2020, the country’s digital ride-hailing or e-hailing market is expected to generate USD292 million in revenue and account for 15% of the African continent’s 48.6 million e-hailing user base. Uber’s entry
App usage in Nigeria, Kenya and South Africa data signals digitalisation of Africa’s economic exchanges Nigeria, Kenya and South Africa are leading digital app markets in Africa. The relatively high levels of app usage across these markets are driven by expanded smartphone penetration, as well as higher levels of access
We recently spoke to the country manager for Bolt in South Africa, Gareth Taylor. Bolt is a digital platform that provides ride-hailing and scooter-sharing services, and it has more than 25 million users in over 30 countries[1]. Gareth has a long history in social entrepreneurship, having previously worked as the
We set out to understand the dynamics and factors enabling the three top innovation ecosystems in sub-Saharan Africa: Cape Town, Nairobi and Lagos. With a growing number of tech start-ups, hubs, accelerators and investors, Lagos has put itself on the map as an important innovation ecosystem in Africa. Through our
Payment facilities underpin scaling of Africa’s digital platforms. Digital platforms, also known as multi-sided marketplaces, are seamlessly matching customers to suppliers of goods and services in e-commerce and other emerging industries, thereby creating new pathways for individuals to participate in the digital economy. At the heart of the rapid rise
At the beginning of this year, we set out to understand what makes innovation ecosystems tick. We wanted to uncover the factors that might turn a city into an engine room for tech innovation and commercialisation, by using a systems mapping approach to make sense of Africa’s top innovation cities:
Webinar: Livelihoods of workers on e-hailing platforms The sustainability of e-hailing platforms is coming under question, and as Africa grapples with the COVID-19 crisis, platform margins have come under immense pressure. Some e-hailing platforms have responded by rapidly readjusting their offering, leveraging their last-mile delivery networks to pivot into logistics
FinTecHub and Cenfri are pleased to announce the signing of their new Memorandum of Understanding (MoU). This MoU underlines the shared interest of FinTecHub and Cenfri in developing and strengthening African fintech, and Rwandan fintech in particular. FinTecHub is Rwanda’s dedicated virtual accelerator that supports selected Rwandan fintech start-ups to
Central banks across the developed and developing world have begun considering the possibility of implementing a Central Bank Digital Currency (CBDC) to enhance drivers for economic growth and financial sector development such as financial inclusion, digital financial services and national payment system (NPS) efficiency. CBDC is a digital representation of
In 2019, one in five youth in Africa were not in employment, education or training [1]. Each year, 10 to 12 million youth enter the workforce [2], while only 3 million formal jobs are created. The emergence of the COVID-19 pandemic and a deterioration in African growth prospects is expected
Nigeria is Africa’s most populous country and one of the largest e-hailing markets in Africa. By the end of 2020, the country’s digital ride-hailing or e-hailing market is expected to generate USD292 million in revenue and account for 15% of the African continent’s 48.6 million e-hailing user base. Uber’s entry
App usage in Nigeria, Kenya and South Africa data signals digitalisation of Africa’s economic exchanges Nigeria, Kenya and South Africa are leading digital app markets in Africa. The relatively high levels of app usage across these markets are driven by expanded smartphone penetration, as well as higher levels of access
We recently spoke to the country manager for Bolt in South Africa, Gareth Taylor. Bolt is a digital platform that provides ride-hailing and scooter-sharing services, and it has more than 25 million users in over 30 countries[1]. Gareth has a long history in social entrepreneurship, having previously worked as the
We set out to understand the dynamics and factors enabling the three top innovation ecosystems in sub-Saharan Africa: Cape Town, Nairobi and Lagos. With a growing number of tech start-ups, hubs, accelerators and investors, Lagos has put itself on the map as an important innovation ecosystem in Africa. Through our
Payment facilities underpin scaling of Africa’s digital platforms. Digital platforms, also known as multi-sided marketplaces, are seamlessly matching customers to suppliers of goods and services in e-commerce and other emerging industries, thereby creating new pathways for individuals to participate in the digital economy. At the heart of the rapid rise
At the beginning of this year, we set out to understand what makes innovation ecosystems tick. We wanted to uncover the factors that might turn a city into an engine room for tech innovation and commercialisation, by using a systems mapping approach to make sense of Africa’s top innovation cities:
Webinar: Livelihoods of workers on e-hailing platforms The sustainability of e-hailing platforms is coming under question, and as Africa grapples with the COVID-19 crisis, platform margins have come under immense pressure. Some e-hailing platforms have responded by rapidly readjusting their offering, leveraging their last-mile delivery networks to pivot into logistics
