In 2013, M-Pesa, Africa’s largest mobile money platform, was faced with a major challenge: Its users couldn’t settle insurance premiums and make bank payments in real-time. Payments made to Kenya Power took 48 hours before reflecting in the company’s systems; other payments, like the one to the National Hospital Insurance
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That’s what the FBI nicknamed phishing in 2018; a name that reflected the estimated amount of money lost to the cyberattack globally between 2013 and 2018. In 2018 alone, about $1.2 billion was lost to phishing and in 2020, phishing scammers made over $1.8 billion— more than via any other
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The distance between their farms and the nearest processor is key for smallholder farmers who need to process their crops. And though Nigeria’s food processing systems have a keen resemblance to the West with respect to big factories and huge economies of scale in high-demand cities, farmers still suffer from
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The Central Bank of Nigeria has just frozen the bank accounts of Nigerian fintech platforms Risevest, Bamboo, Trove and Chaka for the next six months. According to The Whistler, the Federal High Court in Abuja has granted an exparte motion which sought temporary freezing of bank accounts belonging to these online
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African entrepreneurs face significant challenges, including difficulty in raising capital, burdensome administrative policies and insufficient skills and training. Ingressive Capital’s Vice President, Uwem Uwemakpan, says despite these hicthes, entrepreneurship and access to capital contribute to the development of emerging and developing economies across the world,. More focus has, for years, been
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Embed provides an integrated cloud-based business solution platform as well as hardware such as arcade debit card reader, self-service kiosks While there are more women entering male-dominated industries, female representation at the executive level is dismal at best. It is also widely known that women are underrepresented in the tech sector. I
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Modern farming relies heavily on agritech today. From using technologies like blockchain to measure the food supply chain, to having IoT sensors placed in the ground to test the quality of soil, these technologies have made farming easier for many farmers around the world. India, which produces 25% of the world’s
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Development Research and projects Centre (dRPC), has said that women own 41 per cent micro-businesses in Nigeria with over 23 million female entrepreneurs. This puts Nigeria among the highest entrepreneurs globally, still there is insufficient real economic empowerment and inclusion for women across the real economic sectors. According to the Executive Director,
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“What turns me off is when someone just tells me they have this idea and they haven’t done anything but want me to invest. I always say you have to take a risk on yourself before anybody can take a risk on you.” Up until October 2020 when Nigerian fintech startup
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IT is no longer a secret that family businesses the world over can struggle with governance, leadership transitions and even survival, longevity or business continuity. From context observation, majority of Small and Medium Enterprises, SMEs, in Nigeria are family-owned businesses, more so over 60 per cent of all firms in
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