India In Discussions to Expand UPI Platform to Namibia and Rwanda

What’s happened this Week:

• Burundi Gets Starlink

• M-KOPA achieves 5 million customer milestone

• and more!

This week’s newsletter edition is sponsored by Kora

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In The News This Week:

Burundi Becomes 17th African Country To Get Access To Starlink

Starlink, the popular internet satellite company has officially launched its internet services in the East African country of Burundi.

Send App by Flutterwave Extends Its Remittance Reach To 49 US States

Flutterwave, Africa's leading payments technology company has expanded its Send App service across 49 U.S. states through a partnership with MainStreet Bank, a subsidiary of MainStreet Bancshares Inc.

India In Discussions with Namibia and Rwanda To Expand Its UPI Platform in Early 2027

India is reportedly in talks with countries in Africa and South America including Namibia and Rwanda to help them build a digital payments system using its homegrown Unified Payments Interface (UPI).

In the rest of the news:

• Starlink Mini Devices Now Available In Kenya

• M-KOPA Reaches 5 Million Across 5 Markets in Africa

• Ghana Credit Institutions Saw a 46% Increase In Enquires For Loans in 2023

• South Africa May Soon Require Users To Have A TV License To Watch Netflix

• Anakle Films To Produce Movie Project With NBA Star Joel Embiid

• Rise To Discontinue Its Virtual Card Service At The End of September 2024

• Egypt Tops List of African Countries in Gallup Law and Order Index for 2023

Africa Ecosystem Activity

• Nigerian ed-tech startup Tespire raises pre-seed round of funding

• Egyptian ed-tech startup Farid raises $250k funding for expansion, strategic partnerships

• Egyptian angel investment syndicate Acasia Group acquired by US-based VC firm

• Startup-led collaboration launches $41m educational initiative in Egypt

• Egyptian ed-tech startup Farid raises $250k funding for expansion, strategic partnerships

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

In this episode, we talked to Yemi Keri of Heckerbella, a Digital Transformation and Software Development company empowering African decision-makers to shape the future. 

Yemi Keri has over 23 years of experience in the Information Technology and Telecommunications industries serving in both the public and private sectors. 

We discussed Artificial Intelligence in Africa, the current opportunities, how the Government can help create the environment to help AI growth, and which sectors will see growth in AI on the continent.

Episode available on:

• Spotify

• Apple Podcast