What’s happened this Week:

• SecondStax launches securities exchange portal in Ghana and Kenya

• IFC launches $225 million platform for VCs in Africa

• Fido rebrands its app

• and more!

Ghana is not doing so well right now. Food prices have skyrocketed and fuel prices seem to be increasing every two weeks.

With the current conditions, there is a recent trend among Uber and ride-hailing drivers: Cancelling card trips.

In Ghana, riders can either pay with their cards or opt for a cash trips. Ride sharing drivers would rather you opt for a cash trip because they get to immediately have cash on hand compared to card trips where they have to wait days before the money gets settled in their accounts

Will this trend continue if Ghana’s economic situation doesn’t improve?

Events

Tech In Ghana Conference

We're happy to be a media partner for the upcoming Tech in Ghana conference happening from the 29th to 30th of November at the Accra Digital Center.

Tickets are now selling and they're going fast. You can get a 10% discount by purchasing a ticket and using our discount code "TECHNOVA" when you visit techinghanaconference.com.

In The News This Week

African Tech leaders and Investors To Connect at London Stock Exchange For Sixth Africa Tech Summit London

African tech leaders, corporates and investors will connect at the London Stock Exchange for the 6th Africa Tech Summit London, taking place on November 24th

SecondSTAX Partners with Ghana Stock Exchange and Nairobi Securities Exchange to Enable Easier Access to Africa’s Capital Markets

SecondSTAX, a technology company that is building solutions to enhance intra-Africa capital and investment flows, launched the SecondSTAX Portal – a technology-driven order management and execution routing system for investment firms – in Kenya and Ghana

IFC launches $225 million Platform To Strengthen VC Ecosystems in Africa and Middle East

IFC has launched a new $225 million platform to strengthen venture capital ecosystems and invest in early-stage companies addressing development challenges through technological innovations in climate, health care, education, agriculture, e-commerce, and other sectors

Developers in Vogue Is Running Its “Sponsor A Woman” Campaign To Support Young African Women

IFC has launched a new $225 million platform to strengthen venture capital ecosystems and invest in early-stage companies addressing development challenges through technological innovations in climate, health care, education, agriculture, e-commerce, and other sectors

Fido Rebrands and Launches Redesigned App

Fido has launched its new app and has been rebranded with new features and has a bold new pink look. The new Fido App is faster, easier to use, and more secure.

Africa Ecosystem Funding Activity

• Moroccan retail-tech startup WafR raises $120k funding - Disrupt Africa

• Kenyan agri-tech startup Stable Foods raises $600k funding- Disrupt Africa

• Kenya’s BasiGo raises $6.6m funding to begin commercial delivery of electric buses - Disrupt Africa