18th January 2019
Dear Afro Hustler,
Here's your Friday edition of AH Digest.
Do you remember the ideals on which our cooperatives were built when we were all just cocoa farmers? Well, let’s keep our money in the house, and build this economy with it.

Richard Atem-Ojong
in his article Why Entrepreneurship is Yet to Solve Cameroon's Unemployment Problems

Flutterwave and Visa launch African consumer payment service GetBarter. Nigerian fintech startup Flutterwave has partnered with Visa to launch a consumer payment product for Africa called GetBarter. The app-based offering is aimed at facilitating personal and small merchant payments within countries and across Africa’s national borders.

Flutterwave and Visa will focus on building a GetBarter user base across mobile money and bank clients in Kenya, Ghana, and South Africa, with plans to grow across the continent and reach those off the financial grid.

Cameroon government plans to further ease investment procedures for investors. President Paul Biya’s decision to carry out a cabinet reshuffle this year also came with sweet promises for startups and investors.

One of such promises includes a recent call for the country’s newly appointed Prime Minister Joseph Dion Nguté to “make all necessary efforts to ensure a better welcome for investors and provide them with appropriate facilities.” This is according to an official statement following the Ministers’ Council held on January 16 in Yaoundé.

Ethiopian startup Zaytech IT Solutions, the developer of taxi-hailing product ZayRide, has secured a seed funding round from local and international investors in order to roll out new products and enter new markets.

Founded in 2016, Zaytech, which provides technology and transportation solutions under its brand name ZayRide, has an expansive network of taxi drivers across Addis Ababa. Following this investment, the startup plans to launch new products and expand its tech outsourcing team.

Keiwa is including Cote d’Ivoire’s informal sector into the financial system. Despite having a seemingly active economy that is supported largely by its informal sector, more than 6.4 million traders in Cote d’Ivoire are cut off from easy access to bank credit to scale their businesses. But Fabrice Koffi has created Keiwa, an application that allows traders in the informal sector to manage their accounting independently.

The mobile app allows merchants to access simple, real-time financial reports by recording their daily inventory, expenses, revenues, prices and quantity of inventory. While Keiwa is in a pilot phase with 500 customers, it already has attained market validation.



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Yours truly,
Ngwa A. Emmanuel & Otto P. Akama


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