The CBN’s Approval for Flutterwave to add USSD to its Platform opens up today’s big 5. Let’s dive in African tech lovers.
CBN Approves Flutterwave to Add USSD to its Payment Platform… The Central Bank of Nigeria has approved Nigerian fintech company, Flutterwave to start using Unstructured Supplementary Service Data (USSD) technology for its product.
The USSD is an addition to other payment channels it already offers and affirms the firm’s commitment to staying true to its promise of providing modern payment infrastructure that would empower Africans.
Huge congratulations to Flutterwave as this will go a long way to help rural dwellers without smartphone access the platform.
Also, Mastercard Foundation and MIT Legatum Center have announced 10 start-ups as their chosen finalists to compete for the Zambezi Prize 2018 for Innovation in Financial Inclusion.
The challenge is targeted at financial inclusion entrepreneurs in Sub-Saharan Africa and was established in 2015 to showcase Africa’s “most promising and innovative” early-stage start-ups.
Another good news for scale-ups operating in Africa generating revenue already.
Venture Capital for Africa (VC4A) is looking for 8 innovative, high-growth scale-ups for its 2018 VC4A Venture Showcase – Series A to showcase at the Africa Early Stage Investor Summit on Nov 11-12 in Cape Town. This gives them the oppourtunity to raise between $250K and $5M
First Ever Full Electric Cab, Nopia Ride Launches in Nairobi… A leading Finnish electric mobility company, EkoRent has launched Nopia Ride, the first ever full electric mobility service in Nairobi
In the first phase of the investment program, the company has kick-started operations that is set to see the number of electric vehicles increase to several hundred by the end 2018.
And lastly, is the news from South Africa. The South Africa Revenue Service (SARS) has suggested tax income generated from cryptocurrency trading and operations. The report said the proposal was first brought up in April when SARS announced its plans to tax digital currencies.
We draw the curtains for this week’s Big 5 daily. Have a lovely weekend.
See you next week!!!