Former President John Mahama Elected as Ghana's Next President

What’s happened this Week:

• Uber to double down on EVs in South Africa

• TapTap Send resumes remittance services in Ghana

• and more!

In The News This Week:

John Mahama Wins Ghana’s 2024 Presidential Election

John Dramani Mahama wins Ghana’s 2024 Presidential election. The victory signals a political shift in Ghana, marking a return to power for the National Democratic Congress (NDC) after eight years in opposition.

What President-Elect John Mahama Promises to Do in His First 120 Days of Office

In his campaign, Mahama outlined an immediate-action plan for governance in his first 120 days, targeting economic relief, transparency, and social progress once he was sworn into office.

Uber South Africa Ramps Up Its EV strategy for Green Growth

Uber South Africa is doubling down on its push toward sustainability, integrating electric vehicles (EVs) and e-bikes into its e-taxi and courier business.

In the rest of the news:

• Triggerfish Partners with UNESCO to Empower African Women in Animation

• Seedstars Africa Ventures secures $42 Million for Early-Stage Startups

• Zimi Raises $2 Million in Seed Round to Simplify Cross-Border Commerce

• Taptap Send Resumes Money Transfers to Ghana after Regulatory Suspension

• Standard Chartered Eyes Potential Exit from Retail Banking in Botswana, Zambia, and Uganda

• Wimbart Expands to Africa with New Hires in Nairobi and Lagos

• University of Ghana and Ashesi University Ranked in Top 10 Best African Universities by Times Higher Education

• IMF Open to Renegotiating Ghana’s $3B Loan Program Under New Administration

Africa Ecosystem Activity

• Impact credit fund Cauris Finance announces $40m debt facility for African fintechs

• Senegalese cloud communication startup LAfricaMobile adds $2.2m to Series A round

• Nigeria’s Billboxx raises $1.6m pre-seed funding to empower African SMEs with cashflow solutions

Podcast: Promoting Financial Inclusion in Nigeria with Babajide Duroshola, General Manager of M-KOPA Nigeria

On today’s episode, we speak to Babajide Duroshola, general manager of M-KOPA Nigeria. Prior to M-KOPA, he was the Country Director at SafeBoda Nigeria, where he was responsible for the overall growth of the business.

We spoke to Babajide about M-KOPA’s progress in advancing financial and digital inclusion in Nigeria, regulation and policies in Nigeria as a fintech, and how the company promotes its products and services to low-income households in the country.

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