Africa50: Global Institutional Investors Unite to Pioneer Infrastructure Investment in Africa

Alain Ebobissé, CEO of Africa50

Prominent African and Global institutional investors signed subscription agreements and letters of intent in preparation for the first close of the Africa50 (www.Africa50.com) Infrastructure Acceleration Fund (IAF), set up to catalyze further investment flows to invest in the development of critical infrastructure across the continent.

This historic collaboration brings together a diverse group of influential stakeholders from 18 African – including sovereign wealth funds, development finance institutions (DFIs), banks, pension funds, asset managers and retirement agencies and 1 international Institutional Investor, with other additional entities expected to join the first close.

Alain Ebobissé, CEO of Africa50
Alain Ebobissé, CEO of Africa50

The signing ceremony in Lomé, Togo, which took place during Africa50’s Infra for Africa Forum on the margins of its General Shareholders Meeting, is an unprecedented milestone for the continent. Indeed, mobilizing such a significant number of African institutional investors is a first for an infrastructure fund in Africa. It demonstrates the continent’s determination to be in the driving seat, while forging global partnerships to stimulate its economic growth.

Africa50’s Infrastructure Acceleration Fund represents a pivotal vehicle that aims to bridge the financing gap in Africa’s infrastructure landscape. The commitments from the institutional investors will unlock transformative infrastructure projects across various sectors, including energy, transportation, telecommunications, water, among others.

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Speaking on this momentous occasion at the signing ceremony, the President of the African Development Bank, Dr. Akinwumi A. Adesina said, “I strongly believe that for African institutional investors, this is the time to change the investment narrative on Africa. It is remarkable and unprecedented to have 17 African institutions participating in such a transforming initiative to invest in an African infrastructure fund. With the Fund, we are positioning the Africa50 Group to play a lead role in helping to tap into the more than USD$98 trillion of global assets under management.”

Aminu Umar-Sadiq, CEO and Managing Director, Nigeria Sovereign Wealth Fund remarked, “Aminu Umar-Sadiq, Managing Director and CEO, Nigeria Sovereign Investment Authority remarked, “NSIA’s priority focus on sustainable infrastructure aligns with the fund’s vision to positively contribute to economic growth and development of the continent, including investing profitably, responsibly, and sustainably. The NSIA has a clear mandate to bring development to Nigeria and by extension, the continent at large and our investment in the Africa50 Infrastructure Acceleration Fund is an opportunity to expand our development impact in Africa while generating attractive financial returns.”.

Dr. Sidi Ould Tah, CEO of Arab Bank for Economic Development in Africa (BADEA), which is also investing in the fund said, “BADEA’s investments are meant to have meaningful impact in the economies of its partners countries across various sectors. Infrastructure has always been the main area of focus for BADEA. Africa is a region with tremendous potential and a key priority for us, we are therefore pleased to join a credible partner like Africa50 in this groundbreaking partnership,  to scale-up infrastructure development on the continent”.

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M. Serge Ekué, President of the West African Development Bank (BOAD), an investor in the Fund said: “BOAD is always keen on supporting initiatives that help drive prosperity for the continent and scale the impact of our investments. We believe this fund will support the right infrastructure. projects the continent needs to create opportunities for its youth and spur economic development”.For his part, Alain Ebobissé, CEO of Africa50 commented, “Securing commitments from such prominent African institutional investors marks the beginning of a new era of collaboration and investment in Africa’s infrastructure sector. This African-led initiative is a powerful testament to our collective vision of transforming Africa’s infrastructure landscape. Together, we will catalyze African financial resources to build the foundations for a brighter future, one that drives prosperity, job creation, and sustainable development for all Africans

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

TPAY Announces Işık Uman as Group Chief Executive Officer

Işık Uman as its new Group CEO for TPAY

TPAY, the leader in payments in the Middle East, Africa, and Turkey (META), has named Işık Uman as its new Group CEO, effective 1st of July 2023. Işık Uman, who has been acting Chief Product Officer as well as Chief Marketing Officer for the last year, will succeed current CEO Gaston Aussems, who will move into a strategic advisory role. 

“I am confident that under Işık’s guidance, TPAY will witness tremendous growth, remarkable achievements, and setting new standards of excellence in the region,” said Gaston Aussems. “And I feel privileged to have had the chance to work with all talented members of the TPAY family.”

Işık Uman as its new Group CEO for TPAY
Işık Uman

“I am very excited to take the helm from Gaston now.”, Işık Uman commented. “Gaston and the team did a great job. My main focus will be to deploy a true merchant-centric approach that exceeds the region’s expectations. I believe TPAY has enormous potential, and we will work to deliver exceptional products and innovative solutions to our merchants.” 

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Işık Uman has been working as the Chief Product Officer (CPO) at TPAY. He joined TPAY’s executive leadership in 2020, right after the acquisition of the Turkish payments start-up, Payguru, of which he had been a founding partner and the Chairman. Işık brings a wealth of experience working with mobile network operators. He led the buy-out of Neomobile’s Turkish mobile payment business, which, under the Payguru brand in 2016, became the first Direct Carrier Billing (DCB) company to which the Turkish Financial Regulator granted a payment license. Under his leadership, Payguru became a successful Turkish alternative payment provider, processing $70 million a year through its DCB and Bank Transfer services. 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

More People Troop to Mastodon Following Twitter Woes

There are indications that the latest turmoil at Twitter appears to be driving a surge in activity at Mastodon, a decentralised, user-driven alternative. This follows the recent directive from Twitter owner Elon Musk limiting the amount of posts users can see appears to be driving a surge in activity at Mastodon, a German rival that prides itself on its decentralised, user-driven structure.

“Looks like Mastodon’s active user base has increased by 110K (110 000) over the last day. Not bad,” Eugen Rochko, creator and chief executive of Mastodon, wrote on the platform late on Sunday.

“I would prefer it if Elon Musk was destroying his site during the work week. This isn’t the first time,” another post from Rochko read.

Mastodon

On Saturday, Twitter boss Elon Musk announced new limits on the number of posts accounts can read in a day. Previously, he had expressed displeasure with artificial intelligence firms like OpenAI, the owner of ChatGPT, for using Twitter’s data to train their large language models.

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Musk took over Twitter in October 2022. Since then, his erratic management style has prompted some users and advertisers to turn away from the site.

Mastodon has similar features to Twitter but rather than being controlled by one company, it is installed on thousands of computer servers, largely run by volunteer administrators who join their systems together in a federation. 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

5G: Catalyst for Economic Opportunities in Sub-Saharan Africa

5G Messages

By Rami Osman

Over the past two decades, mobile telecommunications has revolutionized Sub-Saharan Africa, integrating hundreds of millions of people into the digital economy and creating a thriving industry worth billions of dollars annually. According to the GSM Association, mobile technology has achieved 1.2 billion connections and attracted over 650 million unique mobile users in Africa.

 Thanks to mobile technology, Sub-Saharan Africa has leapfrogged traditional voice and data networks, positioning itself as a pioneer in innovations like mobile money. Now, with the arrival of 5G, the fifth generation of GSM cellular technology, Africa has an opportunity to take another technological leap forward. 

5G Messages

Compared to 4G/LTE, 5G offers a significant increase in speed and performance, with real-world speeds exceeding 200Mbps and notable improvements in latency. Not only does 5G promise a more immersive and faster consumer mobile broadband experience, but it will also serve as the foundation upon which organizations will build the future digital economy.

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The rapid deployment of 5G networks worldwide is unprecedented. According to GSMA Intelligence forecasts, consumer 5G connections are projected to increase from one billion at the end of 2022 to two billion by the end of 2025. This makes the rollout of 5G the fastest among generations of GSM technology seen thus far. 

Africa cannot afford to lag behind. The GSMA reports that 5G has the potential to contribute $26 billion to Africa’s economy by 2030, with 5G accounting for 20% of mobile connections on the continent. The Association also notes that 5G-related activities, including spectrum auctions, pilots, and commercial trials, have already begun across Africa.

5G set to drive the next wave of innovation

If policymakers, regulators, and network operators prioritize accelerating 5G deployments across Africa, the economic benefits will be substantial. One immediate advantage could be using 5G as a fixed-wireless and mobile broadband access technology, providing high-speed internet to areas where fiber networks are unavailable. 

In a world embracing hybrid and remote work, this could create new economic opportunities for people throughout the continent. It could also foster innovation in cloud computing, as organizations develop innovative localized services and applications to empower individuals, businesses, and communities in remote and underserved areas. 

Furthermore, 5G will facilitate the digitalization of key sectors such as agriculture, healthcare, education, and manufacturing, leading to increased productivity, job creation, and entrepreneurship opportunities. The higher speeds and lower latency of 5G networks will enable the adoption of next-generation digital technologies, including virtual/augmented reality, artificial intelligence, and the Internet of Things. 

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These technologies, when combined, will enhance efficiency, boost productivity, and deliver better services across both public and private sectors. 5G will enable automated processes in areas like smart cities, agriculture, transportation, and energy management. From virtual reality learning experiences and telemedicine to smart factories and intelligent grids, the possibilities are limitless

MediaTek’s focus lies in making 5G available and accessible to as many people and markets in Africa as possible. We plan to collaborate closely with customers, networks, and technology suppliers to help everyone harness the power of 5G. Now is the opportune moment for Africa to embrace the technology.

Rami Osman, Director for Corporate Sales and Marketing, MediaTek Middle East and Africa

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

TikTok Launches Campaign on Digital Safety

TikTok CEO Shao Zi Chew

As part of ongoing efforts aimed at tackling concerns over digital safety of its subscribers, global vlogging platform TikTok has hosted a series of workshops, recognizing that safety is a top priority for its community in Somalia and believes collaboration is the key to maintaining a safe app environment.

As part of numerous initiatives to ensure a safer platform, TikTok announced a comprehensive refresh of its Community Guidelines. These are the rules and standards for being part of the TikTok community, which apply to everyone and everything on the platform. Based on feedback from users and in consultation with over 100 expert organisations across the world, this update has advanced the platform’s commitment to transparency by giving everyone more information about safety policies and how TikTok enforces them.

TikTok CEO Shao Zi Chew
TikTok CEO Shao Zi Chew

Speaking on the development,  Kevin Morgan, Head of Trust & Safety, EMEA, said that  “We’re proud to have implemented the Community Guidelines refresh, offering our community much more transparency about our rules and how we enforce them. It takes a whole village to keep people safe online, so we’re grateful to everyone in the TikTok community and to all of the external experts who have contributed and continue to help us advance our rules and stay a step ahead of emerging threats.”

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Ensuring consistent transparency, TikTok releases quarterly Community Guidelines Enforcement reports available on the Transparency Centre , which details actions that have been taken to tackle violative content.

In Q4 2022 (ReportPublished March 31, 2023), TikTok removed 85.68 million videos globally, which represents 0.6% of all videos uploaded on the platform. In the same period, TikTok removed over 280 000 violating videos in Somalia, and 98.7% of the violating videos were identified and removed before they were reported.

Safety work can not be achieved in isolation. Collaboration between digital platforms and local regulators is essential to ensuring that digital platforms are safe for users.

Emphasising the importance of collaboration in ensuring the community stays #SaferTogether, General Manager, Mustafa Y. Sheik of the National Communications Authority (NCA) in Somalia said: “National regulators such as the National Communications Authority of Somalia play a crucial role in ensuring that platforms such as TikTok are safe for all users.  We value the collaboration between TikTok and NCA in ensuring users on the platform recognise and use the tools to help in preventing harmful content, particularly content that promotes terrorism and violence.

We recognise and applaud TikTok for initiating educational programs for users in Somalia with their #SaferTogether hashtag, safety features update and Community Guidelines refresh. Working together we can create and educate on effective safety measures for all age groups, protecting users from harm while maintaining educational and creative content that respects our community’s culture, values, and norms,”

TikTok is only for users over the age of 13 and the platform has made keeping teens safe possible with regularly updated features such as: 

– Family Pairing which allows parents or guardians to link their TikTok account to their teens’ and customise various safety & privacy settings – including whether it’s a public or private account, who can comment on their videos, and how long they spend on TikTok each day.

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– TikTok restricts teens from having access to certain features. For example, accounts aged 16 and under can’t use Direct Messaging, and accounts aged under 18 cannot go LIVE.

– To help teens develop positive digital habits, TikTok recently set a default 60-minute daily screen time limit for accounts aged under 18.

The wider TikTok community’s safety matters too and TikTok has made various features available to assist the community in managing their experience on the app with the following features:

  • Account privacy settings: With these features, users are able to decide who they approve to follow them and engage with their account; with accounts belonging to 13-15 year olds set to private by default.
  • Comment filters: TikTok’s wide range of comment filters enable users to choose which comments they want to see on their videos, set keywords they want to be filtered out of their comments, and report, delete or block up to 100 comments and accounts at once.
  • User report function: This feature allows users to confidentially report inappropriate content or behaviour they see on the platform, so that TikTok can review it and remove it if it violates our Community Guidelines. This further amplifies the importance of collaboration in ridding the platform of content that goes against Community Guidelines.

TikTok adheres to its commitment to fostering responsible navigation of its platform and providing a trustworthy experience to all its users. As a growing entertainment platform, TikTok pledges to dedicatedly work to improve the community’s digital experience.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Meta Celebrates Africa’s ‘Rising Stars’ in its 2023 ‘Made by Africa, Loved by the World’ Campaign

Meta has announced the third iteration of its pan-African ‘Made by Africa, Loved by the World’ campaign. Themed “Rising Stars”, this year’s edition aims to amplify the voices and stories of eight rising talents from across Africa, who are building a global presence and changing the way Africa is viewed on the international stage.

Representing several creative industries ranging from music, fashion, lifestyle, to art, this year’s self-shot ‘vlog-styled’ short stories provide a glimpse of the creators’ world and highlights how being African inspires their creativity. Alongside this, Meta is running a dedicated community Reels challenge – #ShareYourAfrica #AfricaMade, encouraging the African community on Instagram to celebrate their authenticity – whether through dance, music, fashion, food or art. For Africa Day Meta will be holding a fireside chat with a selection of key figures from across the continent – exploring the global impact of Africa’s youth and how platforms like Instagram are helping to fuel their global appeal.

Director of Communications, Sub-Saharan Africa, Meta, Kezia Anim-Addo
Director of Communications, Sub-Saharan Africa, Meta, Kezia Anim-Addo

According to the Director of Communications, Sub-Saharan Africa, Meta, Kezia Anim-Addo, “We’re thrilled to celebrate Africa Day this year by amplifying the stories of just some of our talented rising stars from across the continent who are shining a spotlight on African culture, music, food, dance, fashion, and so much more in their own voices. Every day, we see young African creatives use Meta technologies, like Instagram and Facebook, to share their stories, express themselves, and bring people together in incredible and inspiring ways. We’re proud that our technologies have a role to play in amplifying these voices and stories, both locally and globally.”

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The Rising Stars: Made by Africa, Loved by the World

Available to view on Instagram on each creator’s page as well as on the Meta Africa Facebook Page are the stories of:

Henry Ohanga (Kenya): An award-winning recording and performing artist, popularly known as Octopizzo, who is using his talents to inspire change in art, music, sports and culture.

Fhatuwani Mukheli (South Africa): An internationally exhibited visual artist, filmmaker and photographer passionate about healing people through visual arts.

Jacqueline Acheampong – Gyakie (Ghana): A singer, songwriter, and performer whose music features catchy melodies and infectious beats. With several performances in Ghana and across the world, she has clinched multiple local and international awards.

Enioluwa Adeoluwa (Nigeria): A fashion and lifestyle influencer who has carved a niche in the fashion industry, collaborated with international brands, and built a strong community of GenZ fans around the world.

Njang Mengu Collins (Cameroon): A singer and rapper popularly known as Ko-C, who combines a distinctive fusion of Afropop and hip-hop with his songs successes having led to several international nominations.

Truecaller to Help WhatsApp Users Combat Spam

Qhamanande Maswana (South Africa): A visual artist celebrated internationally who effortlessly blends reality with imagination in each portrait, often depicting the beauty and challenges of everyday life in South Africa.

Fena Gitu (Kenya): A renowned female “Urban Soul” singer, songwriter and producer who has partnered with local and global artists. She has received several recognitions for her phenomenal work in the music industry and continues to be appreciated beyond Kenyan borders.

Adesokan Emmanuel – Shanks Comics (Nigeria) A social media comic, skit maker, content creator, brand influencer and media personality who believes in the power of storytelling.

2025

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Italy Donates to Africa’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund.

The government of Italy has made a contribution of EUR 5.5 million to the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, a project of the African Development Bank.

Italian officials announced the new financing during the Fund’s mid-year Oversight Committee Meeting held virtually on 26 June. They reaffirmed the country’s commitment to fostering youth entrepreneurship and innovation in Africa.

“The Italian Government is proud to contribute to the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund and to support African youth in their entrepreneurial pursuits,” said the Deputy Central Director for Development Cooperation at the Ministry of Foreign Affairs and International Cooperation of the Italian Republic, Marco Riccardo Rusconi.

Youth Entrepreneurship and Innovation Multi-Donor Trust Fund

“We believe that fostering innovation and creating sustainable job opportunities – in particular for youth and women – are crucial for inclusive and resilient economic growth in Africa,” he added.

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Youth unemployment and access to quality jobs are pressing challenges across the continent. Africa’s unemployment rate stands at 8.1%, with youth being disproportionally affected. Italy’s support will bolster initiatives aimed at promoting entrepreneurship and formalizing enterprises. By focusing on youth-led start-ups and micro, small and medium-sized enterprises, the Trust Fund seeks to create sustainable job opportunities and drive innovation.

By the start of 2023, the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund facilitated the creation of more than 68,500 direct jobs for youth in Africa and improved access to financing for over 6,600 micro, small and medium enterprises across the continent. The Trust Fund has also empowered more than 12,000 young entrepreneurs who have gone on to transform their business plans and contribute to economic growth.

Dr. Beth Dunford, the Bank’s Vice President for Agriculture, Human and Social Development said, “We thank the Government of Italy for its unwavering partnership and generous contribution. This support reflects a shared mission to nurture and provide necessary business skills to African youth, while promoting entrepreneurship and innovation.”

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The African Development Bank founded the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund in 2017, to promote innovation and entrepreneurship as well as to create durable and sustainable jobs for youth on the continent. The Trust Fund provides grants to support the Bank’s Jobs for Youth in Africa Strategy programs and initiatives. The Jobs for Youth in Africa Strategy aims to create 25 million jobs and equip 50 million youth with employable and entrepreneurial skills by 2025

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry


European Union Join Forces to Boost Rwanda’s Mining Sector

A new collaborative effort between the European Union,  Germany, and RMB aims to bolster Rwanda’s contribution to the regional, continental and global mining industry has been launched. The project which aligns with the Sustainable Development Goals (SDGs) will enhance compliance with international minerals sourcing, standards, support sector digitalization, strengthen technical and vocational education and training (TVET) skills in the mining sector and improve the application of international social and environmental protection standards.

This was part of the deliberations during the  EU-Rwanda Business Forum in Kigali, the Rwanda Mines, Petroleum, and Gas Board (RMB) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH launched the ‘Sustainable Development of the Mining Sector in Rwanda’ project – underscoring their commitment to driving sustainable growth in the country’s mining industry.

Mining Rwanda

The project launch, officiated by EU Director-General for International Partnerships, Mr. Koen Doens; RMB CEO, Amb. Yamina Karitanyi and GIZ Rwanda Country Director, Mr. Martin Kraft, signifies a significant milestone towards strengthening entrepreneurship, improving the business environment, and enhancing investment attractiveness in Rwanda’s mining sector.

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The project is jointly funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) and will be implemented by GIZ in cooperation with RMB. Aligned with the Sustainable Development Goals (SDGs), it aims to enhance compliance with international minerals sourcing standards, support sector digitalization, strengthen technical and vocational education and training (TVET) skills in the mining sector, and improve the application of international social and environmental protection standards.

This partnership will support Rwanda’s commitment to sustainable and responsible practices in mining, enhance ongoing efforts towards the sector’s professionalisation, compliance and digitalization,” said Amb. Yamina Karitanyi, the Chief Executive Officer of Rwanda Mines, Petroleum and Gas Board.

Belen Calvo Uyarra, Ambassador of the European Union to Rwanda: “We are excited to witness today the launch of the project jointly funded by the European Union and the BMZ to support sustainable development of the mining sector in Rwanda. This multi-donor action aims to strengthen the contribution of the mining sector to economic and social development through a holistic, complementary, and demand-oriented capacity development approach. The mining sector in Rwanda has outstanding growth potential. The EU-Rwanda Business Forum seeks to mobilise European investors for consolidating the artisanal mining sector and setting up modern value-additive processing and exploration. Team Europe is here to support Rwanda’s ambition to develop domestic industry into a regional hub for mineral services and promote scale and sustainability.”

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The European Union has been actively engaged in Rwanda, advocating for sustainable development and supporting initiatives that promote economic growth and create opportunities for its citizens. GIZ, commissioned by BMZ, brings its expertise and experience to drive impactful interventions and foster sustainable practices. This collaborative effort between the EU, Germany, and RMB aims to bolster Rwanda’s contribution to the regional, continental and global mining industry.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Stronger Cooperatives will Drive our Bottom-up Economic Agenda — President Ruto

President Williams Ruto

President William Ruto has said the Government is keen on strengthening cooperative societies to stimulate growth.

He said cooperatives will support the formalisation of informal sector players and entrepreneurs.

This, he explained, will help bring hardworking Kenyans together, allowing them to benefit from the economies of scale.

He noted that cooperatives also have the power to nurture a saving culture and offer members access to affordable financing.

He spoke on Saturday during the 101st Ushirika Day Celebrations at the Kenyatta International Convention Centre in Nairobi.

Finance Bill 2023

Present were Deputy President Rigathi Gachagua, Cabinet Secretaries Simon Chelugui (Cooperatives and MSMEs) and Alice Wahome (Water and Irrigation), among others.

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“We will put in place new policies, including the establishment of a central liquidity facility, to enhance efficiency and quality of Sacco services.”

The President observed that this will also reduce operational risks encountered by Saccos.

“The changes will also facilitate short-term inter-Sacco borrowing and facilitate access to the national payment system,” he added.

He explained that the Government is complementing cooperatives by setting up aggregation and distribution centres for storage, value addition and marketing of agricultural products.

“The objective of this partnership is to reduce post-harvest losses, eliminate predatory cartels and boost farmer earnings.”

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Mr Gachagua urged farmers to group themselves in Saccos to help increase their bargaining power.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Ivorian Syca Joins Scaleway’s Startup Programme

Mohamadou Diop, president at Syca

The Ivory Coast-based fintech company Syca has been selected for the startup programme run by Scaleway, a global provider of cloud infrastructure services, to accelerate its growth and expand its impact in the technology market.

Syca provides advanced payment and point-of-sale management solutions which simplify transactions and business operations while actively contributing to financial inclusion through alternative payment methods.

Scaleway, meanwhile, helps developers and businesses to build, deploy and scale applications to any infrastructure. Located in Paris, Amsterdam and Warsaw, Scaleway’s complete cloud ecosystem is used by more than 25,000 businesses.

Mohamadou Diop, president at Syca
Mohamadou Diop, president at Syca

By joining Scaleway’s startup programme, Syca will benefit from top-notch technical support and expertise. Scaleway offers robust, scalable, and reliable cloud infrastructure, along with agile development and deployment resources. This collaboration will enable Syca to optimise its products and services, enhance operational efficiency, and meet the growing demands of its customers.

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As a member of the programme, Syca will also gain access to a dynamic ecosystem of startups, mentors, and industry experts. This knowledge-sharing community will foster innovation, learning, and networking opportunities. Syca will be able to leverage valuable insights and establish strategic partnerships to support its growth.

“We are thrilled to join Scaleway’s startup programme,” said . “This collaboration provides us with an excellent opportunity to accelerate our development and strengthen our position in the market. We look forward to working closely with the Scaleway team and benefiting from their expertise and resources to continue delivering innovative solutions to our customers.”

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry