Why Did Bank of Ghana Suspend Remittance Operations Of Wise and Other International Money Transfer Companies

ContentsRule violationsWhat are the implications for customers?What are the alternatives available?The Bank of Ghana (BoG) has recently announced the suspension of Wise, Zeepay, and other international money transfer companies from sending remittances into the country. The companies include XOOM, LemFi, TransferGo, Sendvalu, Boss Revolution, BTC-Aza Finance, and Supersonicz. Rule violations According to the BoG, the […]

Ghana Government’s “Online Mall” Was Doomed To Fail From The Start

ContentsBy The NumbersWhere Are We NowOur ViewVice-President Dr Mahamudu Bawumia on Monday, 15 October 2018, launched the Ghana Online Mall to provide an extensive market platform for indigenous businesses as well as small- and medium-scale enterprises (SMEs). The online platform which was under the auspices of the Ministry of Business Development; and the National Entrepreneurship […]

Ghana Startup Ecosystem Primer: A Landscape Overview of the State, Opportunities, and Challenges of Ghana’s Burgeoning Entrepreneurial Ecosystem

ContentsDetailsWhy This MattersKey HighlightsWhat They’re SayingSpearheaded by the Accra Angels Network in collaboration with The Innovation Spark, Innohub, and Asime Ventures, the group has announced the release of the “Ghana Startup Ecosystem Primer.” Full report available here: GHANA Startup Primer. Details This comprehensive report offers a multifaceted view of the Ghanaian entrepreneurial ecosystem, presenting not […]

Digital Deception: Online Scams and Fraud Schemes Cast Shadow Over E-Commerce Appeal

ContentsTypes of Online Scams and Fraud SchemesImpact on Shopper Trust and ConfidenceFactors Amplifying the ProblemStrategies for ProtectionE-Commerce Platforms’ ResponseRebuilding Shopper ConfidenceLooking AheadWe have come a long way in a world where the digital marketplace beckons with convenience and endless possibilities. A darker force lurks beneath the surface of all these possibilities, ready to shatter the […]

Bento Publishes Pan-African White Paper on Taxation In Sub Saharan Africa

ContentsDetailsDigging DeeperWhat They’re SayingBetween The LinesBento, a pan-African digital payroll and HR Management (HRM) platform with tax remittance capabilities, has today published Africa’s first-of-its-kind White Paper, titled Statutory Remittances in Africa.  Details The White Paper delves into taxation systems in 53 African countries and underscores the advantages of governments adopting digital payroll systems to collect income tax and other obligatory […]

How Sony’s Innovation Fund Could Benefit Ghana’s Creative Industry

ContentsAbout The FundThe Ghana Creative IndustryBy The NumbersNo Time Frame For Fund Deployment YetSony Group, one of the world’s leading creative entertainment and technology companies, recently launched a new initiative to support the growth of entertainment businesses in Africa. The Sony Innovation Fund: Africa is a program that will invest $10 million in seed to […]

Kowoka Invites Visionary Founders to Join Its Innovative Venture Builder Program

ContentsKowoka’s Approach to Addressing the IssueRethinking the “Winning Deals” Approach Resources ProvidedStartup CriteriaKowoka has opened up applications for the second cohort of Kowoka Ventures, designed to build startups from the ground up with visionary startup founders in Africa. In Africa, 75% of venture-backed businesses fail to provide returns to investors. In our experience, this high […]

E-Commerce Activity In Africa Remains Low Compared To Other Regions – GSMA Report

ContentsDetailsDigging DeeperRecommendationsWhat They’re SayingA report by the GSM Association (GSMA) and the UK’s Department for Business and Trade highlighted the impact of e-commerce on micro, small, and medium enterprises (MSMEs) to help them grow new markets, profitability and resilience. However, in Africa, online retail as a proportion of total retail sales remains much lower than […]

Electric Vehicle Sales Grew By 127% In South Africa In 2022

ContentsWhy This MattersDigging DeeperThe Bigger PictureA new study conducted by DriveElectric revealed that electric vehicle (EV) adoption in South Africa experienced a huge growth. The research, focusing on EV sales year-on-year saw South Africa emerge as a frontrunner in EV in Africa with a huge 127% growth in the past year. Why This Matters South Africa’s electric vehicle […]

Ghana FinTech and Payments Association Shows Support for the eCedi Hackathon

ContentsDetailsWhat They’re SayingAbout The eCedi HackathonInformation Session on the eCedi HackathonThe Ghana Fintech and Payments Association (GFPA) has announced its strong support for the eCedi Hackathon, being led by the Bank of Ghana and supported by EMTECH; under the theme “Unlock the Future of Digital Finance with a Digital Cedi.”  This innovative initiative seeks to revolutionize Ghana’s payment infrastructure and drive financial inclusion, […]

RegTech Africa & Agpaytech Launches 2023 State of the Industry Report on Fintech and RegTech in Nigeria

RegTech Africa and Agpaytech have released a report on the State of Fintech and Regtech activities in Nigeria. The report indicated that in the first half of 2023, African FinTech deals reached 60 transactions and raised a combined $189m in Q2 2023, a 64% reduction from the same period in 2022. Nigeria remains the country with several FinTech deals and activities mostly […]

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