Nigeria moved $40m in P2P Bitcoin Trading
In Africa, Biden finds a free trade zone he can embrace. Meanwhile, China’s tech giants are driving a quiet revolution in Africa’s fintech with mobile payment apps and wallets
Two things happened in Africa this past week, in one country - Ghana. 2021 has been a good year for the people of the gold coast. If they decide to celebrate Christmas at this time, you can't blame them. Akwaaba!
Twitter setting up their Africa HQ in Ghana.
And now. Just in August. The Bank of Ghana has partnered with Giesecke+Devrient to pilot their first general-purpose Central Bank Digital Currency in Africa. Nigeria, we are watching you. And very soon, travelling to UAE will be visa-free for all Ghanaians based on a new agreement with the UAE govt.
Pitchbook asked: "Is Africa's fintech the next frontier?". An easy question to ask. The African fintech market has seen some enviable acceleration, with startups securing around $330.5 million in H1 2021, more than double the amount raised in 2019, as per a Disrupt Africa report.
Update: Africa Tech Memo will no longer deliver on Saturday's. The next issue will be Tuesday next week. And it shall be called - "This Week in Tech". Keep your eyes peeled for it.
Let's dive into This Week in Tech.
Samson Omamuzo (LINKEDIN)
#FreeRebecca: Influential African tech leader to appear in court after detention in Cameroon
Is Africa fintech's next frontier?
Nigerians Move Almost $40 Million In P2P Bitcoin Trading In A Month
Getting Everyone Insured: Micro-Insurance and the embedded
In Africa, Biden finds a free trade zone he can embrace
Massive increase in M&A deal value in Sub-Saharan Africa in first half of 2021
The race to build Africa’s 5G networks is entangled in a U.S. push to cut Huawei’s dominance
Nigeria CEOs Among Best Paid in Sub-Saharan Africa, PwC Says
Nigerian government to lift Twitter ban “in a matter of days or weeks”
In a world-first, South Africa grants patent to an artificial intelligence system
Huawei, Kunlun and China’s tech giants drive a quiet revolution in Africa’s fintech with mobile payment apps and wallets
A decline in global food prices is good news
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Samson Omamuzo (LinkedIn)