Money pouring on someone

Affinity Ghana gets funding

Hola,

Victoria from Techpoint right here,

Right here”s what I’ve obtained for you at this time:

  • Affinity Ghana will get funding
  • Are NFTs useless?
  • Zimbabweans get artistic with Starlink kits
  • Now you can maintain tabs on the Nigerian authorities

Affinity Ghana will get funding

Money pouring on someone's hand like rain. Used to depict a naira float, following the country's announcement

Affinity Ghana, this digital financial institution, simply obtained some money from Renew Capital, an funding agency specializing in Africa. 

What’s the deal? Properly, Affinity needs to deal with a giant concern: 350 million adults in Africa don’t have financial institution accounts. They’re all about making banking obtainable to everybody, notably those that have been excluded from the standard banking system.

Based by Tarek Mouganie, Affinity presents all types of banking companies like checking and financial savings accounts, transfers, funds, and loans. Curiously, they do not cost account charges and provide aggressive rates of interest, making banking extra reasonably priced.

Tarek, the large boss at Affinity, says they’re all about selling monetary inclusion. It needs to make banking easy and reasonably priced for everybody.

Because it kicked off in 2020 by shopping for a microfinance enterprise in Ghana, they have been rising quick. It obtained a licence improve from the Financial institution of Ghana in 2022 and has been serving over 17,000 prospects. Final 12 months alone, it says it dished out $12.5 million in loans and obtained people to avoid wasting up $26 million.

The fintech has different large backers too, like Enza Capital, Launch Africa Ventures, Grazia Fairness, and Nour Nouf Information Firm. It’s obtained a stable crew supporting its mission to make banking accessible to all.

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Are NFTs useless?

NFTs

Keep in mind when NFTs had been all the fashion again in 2021? It was loopy seeing digital artwork promote for hundreds of thousands of {dollars}! 

Like, there was this assortment known as Merge that went for nearly $92 million, and one other piece known as Everydays: The First 5000 Days offered for $61 million. Even common people like Anthony Azekwo from Nigeria made a splash by promoting his digital artwork as NFTs.

And it did not cease there. In 2022, even a viral meme of the Ghanaian pallbearers turned an NFT and offered for a cool $1 million, making the creator an on the spot millionaire.

However then, out of nowhere, the hype round NFTs simply died down by the top of 2022. Dune Analytics even reported that NFT buying and selling quantity plummeted by a whopping 97%! From $17 billion in January 2022 to simply $470 million by September 2022.

So, what occurred? Properly, it looks as if when the crypto market took successful, NFTs took the brunt of it. See, not like cryptocurrencies you can simply promote, NFTs are kinda caught. As soon as the hype died down, it turned tougher to commerce them, particularly in a bear market.

However does this imply NFTs are completely useless? Micheal Ugwu, a giant shot within the digital world, thinks so, however there’s extra to the story. Take a look at Bolu’s newest piece for all of the deets!


Zimbabweans get artistic with Starlink kits

starlink dish

Of us in Zimbabwe are getting artistic to maintain utilizing Starlink regardless of its ban. They’re disguising the satellite tv for pc Web kits to appear to be common stuff, like outside lights or photo voltaic panels, so they do not get busted by the authorities.

With Web prices sky-high and choices restricted, Zimbabweans are turning to cheaper alternate options like Starlink, though it is unlawful.

Some savvy people are even serving to others conceal their Starlink kits in plain sight. They’re tweaking the Starlink terminal to run on solar energy and becoming it inside issues like photo voltaic panels or streetlights. This manner, they do not want all the same old cables and routers.

However though this sneaky method appears to be catching on, there’s nonetheless the chance of getting in hassle with the regulation.

It is not clear if the authorities are onto this tactic or in the event that they’re simply ready for the proper second to crack down.

The Starlink drama has been occurring for some time in Zimbabwe. It is nonetheless banned there as a result of it hasn’t been permitted by the telecom regulator, POTRAZ.

In January 2024, POTRAZ stated it’d arrest anybody caught utilizing, promoting, or promoting Starlink gear. It even teamed up with the police for a giant raid to catch offenders, they usually’ve already made a few arrests.

However regardless of the crackdown, people in Zimbabwe are nonetheless discovering methods to make use of Starlink on the down-low.


Now you can maintain tabs on the Nigerian authorities

Citizens' Delivery Tracker App

The Nigerian authorities has rolled out a revamped Residents’ Supply Tracker App! 

Which means that Nigerians can now simply consider how nicely ministers, departments, and businesses are doing and provides real-time suggestions on insurance policies, initiatives, and programmes.

In a nutshell, the app means that you can maintain tabs on how ministers are performing within the present authorities.

Hadiza Bala-Usman, the Particular Adviser to the President on Coverage and Coordination, spilled the beans in Abuja. She talked about that they upgraded the app after consulting with numerous stakeholders. You possibly can test it out right here, and it will hit the cellular app shops in a few month.

However wait, there’s extra! Together with the app, the Central Supply Coordination Unit (CDCU) additionally cooked up a Supply Reporting Framework and Template based mostly on worldwide requirements to make sure correct evaluation and reporting of presidency efficiency.

And here is the kicker: you get to peek at particular deliverables and key efficiency indicators associated to the federal government’s prime priorities, equivalent to financial reform. Plus, these assessments and KPIs will assist form the CDCU’s quarterly and annual scorecards that get introduced to the president.

With the Residents’ Tracker App, residents can observe authorities deliverables and efficiency, making certain accountability and transparency. From monitoring cancelled flights to imposing sanctions, this app empowers residents to actively take part in governance. 

Nonetheless, the query stays, how efficient will this platform be?


In case you missed it

What I am studying and watching  

Alternatives   

  •  Apply for Visa In all places Initiative (VEI) by Could 6, 2024, right here. 
  • Nansen is in search of a Product Supervisor. Apply right here.
  • At Issues Lab is hiring a distant Product Supervisor. Apply right here.
  • Veza is in search of a Senior Software program Engineer. Apply right here.
  • Clari is in search of a Senior Software program Engineer. Apply right here.
  • Seedstars has introduced  INFUSE 2024, a worldwide invitation for modern purposes geared toward fortifying well being methods in opposition to local weather threats and bettering immunisation supply. Apply right here.
  • Discover this web site to search out a number of job alternatives in Information that align together with your preferences.
  • In case you are a software program engineer, artistic designer, product supervisor, design researcher, or a techie in search of an internship function, please, take a look at this web site.

Have a stunning Wednesday!

Victoria Fakiya for Techpoint Africa.


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