Ghana's Herman Chinery-Hesse, Popularly Known as the "Bill Gates of Africa", Passes Away at 61

What’s happened this Week:

• Gozem announces launch of Mobile Money wallet

• PalmPay launches USSD code in Nigeria

• and more!

This week’s newsletter edition is sponsored by Kora

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In The News This Week:

Neobank TymeBank Secures $9 Million from African Rainbow Capital

South African-based neo-bank TymeBank has raised new capital from African Rainbox Capital (ARC).

Herman Chinery-Hesse, founder of SOFTtribe, Has Passed Away at 61

Herman Chinery-Hesse, a prominent Ghanaian entrepreneur and founder of SOFTtribe, has passed away in Accra. He was 61 years old.

Gozem Announces Launch of Gozem Money In Togo in Partnership with NSIA Banque Togo

Gozem, a Super app based in Togo, has partnered with NSIA Banque Togo for its new product offering called Gozem Money

In the rest of the news:

• Kofa Partners With Pash Global and Shell Foundation To Expand Battery Swap Network in Ghana

• JP Morgan Chase CEO Jamie Dimon To Visit Four African Countries in Mid-October

• PalmPay Launches USSD Code For Users in Nigeria

• Fraud Cases in Financial Sector in Ghana Rose By 5% in 2023- Bank of Ghana Report

• Tech In Ghana Announces New Venue for its 14th Edition at Movenpick Accra on 26th and 27th November

• PayRetailers Expands To Cameroon, Ghana and 12 Other African Countries

Africa Ecosystem Activity

• Autochek Kenya, Turaco partner to offer clients flexible motor insurance

• Rwandan digital health access startup Kasha raises further funding for expansion

• Zambian neobank Lupiya to launch new debit card

Event Partnership: Accra Lawtech Hangout 2024

On November 28th, 2024, Accra Lawtech Hangout returns—bigger, better, and packed with more discussions on legal innovation in Africa!

With over 20+ speakers and 300 attendees expected, this year’s event promises to spark connections, drive groundbreaking discussions, and shape the future of legal technology in Africa.

PODCAST: Discussing African Investment with Kristin Wilson, Co-founder of Innovate Fund Africa

On today’s episode, we talked to Kristen Wilson, co-founder of the Innovate Africa Fund, an angel investment fund that supports early-stage founders in funding life-changing ideas, taking startups from conception to product, and financing innovative ventures.

We discussed the fund, why they started it, and what the current landscape for VC investments looks like in Africa.

Episode available on:

• Spotify

• Apple PodcastListen Now

NEW: Venture Capital Firms Section Now Available on Labari Insights

On Labari Insights, our online data platform, we just rolled out our Venture Capital list where you can view our directory of VC firms active across Africa

You can view firms by their investment ticket size, the type of funds they do, and the sectors they invest in.