What’s happened this Week:

• Stitch Launches “Pay With Crypto” Feature

• Bolt Partners with Brolly Insurance in Ghana

• and more!

The Bank of Ghana (BoG) has recently announced the suspension of Wise, Zeepay, and other international money transfer companies from sending remittances into the country.

The companies include XOOM, LemFi, TransferGo, Sendvalu, Boss Revolution, BTC-Aza Finance, and Supersonicz.

The BOG stated that the companies violated its rules by not having a license to operate in the country

In The News This Week:

Five Takeaways From The Africa Cinema Summit

The National Film Authority of Ghana in collaboration with FilmOne Group (Nigeria) and Silverbird Cinema (Ghana), hosted the inaugural Africa Cinema Summit (ACS) from November 14th to 16th at the Mövenpick Ambassador Hotel and Silverbird Cinema in Accra, Ghana.

We covered three days of the summit and we came away with these five interesting takeaways from the event

Stitch Launches “Pay With Crypto” To Enable Customers Pay Directly From Crypto Wallets

Payments infrastructure company Stitch today announced the launch of a new payment method: Pay with crypto – the most comprehensive of its kind available in South Africa.

Brolly Partners with Bolt to Offer Driver-Friendly Auto Insurance Coverage

Brolly, an innovative insurtech company operating in Ghana, has announced a strategic partnership with Bolt, a leading ride-sharing platform globally.

In the rest of the news:

• The African School of Economics Announces Expansion to Zanzibar

• Orange Partners With Spotify To Offer Free Data To Subscribers To Stream Music

• Ghana Government’s “Online Mall” Was Doomed To Fail From The Start

• Ghana’s E-Pharmacy Platform Looks Like It’s Off To A Very Slow Start

• Op-Ed: Crypto Adoption Trends in Southern Africa – Yellow Card CEO Chris Maurice

Tech Events In Ghana

We’re putting together events that will be happening later in Ghana this year. You can check them out here:

Africa Ecosystem Funding Activity

• Visa selects 23 startups for 1st Africa Fintech Accelerator programme - Disrupt Africa

• Nigerian trade finance startup FrontEdge secures $10m funding to scale operations - Disrupt Africa

• Nigerian food e-commerce startup Pricepally raises $1.3m seed round - Disrupt Africa

• Kenyan fish farming startup Aquarech raises $1.7m funding - Disrupt Africa

• Egyptian e-commerce startup WayUp raises seed round of funding - Disrupt Africa

• Morocco’s Chari raises funding from UM6P Ventures - Disrupt Africa

Podcast: Africa Apps and Data with Michael Zaitsev, AppsFlyer

On today’s episode, we talked with Nadeem Anjarwalla, Director of Binance for East and West Africa. We discussed Binance’s efforts in the African regions, regulation, and what it hopes to achieve in 2024.

The episode is also available on Spotify, Apple, and Afripods.

Video: Is Ghana Falling Behind on Solar?

Ghana is a country with abundant sunshine and a growing demand for electricity. The government has set an ambitious target of increasing the share of renewable energy in the national grid to 10% by 2030, with solar power playing a key role.

However, there have been several challenges. Is Ghana falling behind on solar?

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