We predict Africa’s digital-enabled commerce landscape will change drastically over the next decade – as a fragmented sphere with wanting customer experience meets the opportunities of a new, mobile and connected world. The result for the continent will be leapfrogging developed world structures and entrenching its own unique economic systems
AfricaPLC | News Contributor
Using tech to unlock new markets, cross-border trade for African SMEs
African consumer and business spending is projected to reach a combined $6.7tn by 2030 with some reports indicating a $2.1tn consumer spending projection for as early as 2025. While it is exciting to share the continent’s potential, it is not difficult to see the many hurdles it faces: heterogeneous economies,
Orange invests in SA fintech provider
A South African company offering small businesses the ability to take mobile card payments has received funding to expand across sub-Saharan Africa, with multinational mobile phone company Orange leading the way. The African investment arm of French telecommunications giant Orange has announced financing for South African fintech company Yoco. Launched in 2015, the
Africa develops it’s Transport 4.0 Strategy
Africa’s population is expected to double by 2050, reaching 2.5 billion. Growing populations create an increasing demand for transport infrastructure because efficient and cost-effective transport infrastructure remains an essential cornerstone for any country’s economic development. Africa’s diaspora is not an exception to this rule. Providing impetus to this growing demand
WorldRemit launches digital money transfers within Africa
Leading international money transfer company WorldRemit has launched a new digital service within Africa, making it easier to send and receive money across the continent. The new digital service will reduce the cost of sending money across borders. The prohibitive charges that individuals and businesses pay to transfer money within Africa are
Demand for affordable, cross-border payments drives innovation in Africa
The future of payments ecosystems is taking shape in Africa as the continent paves the way for innovation that brings together retail, banking, financial services and mobile technology. It’s being fueled by a drive for financial inclusion – new ways to bring consumers, merchants and entrepreneurs into the formal economy.
Stripe, Visa join $8 million Series A round in African payments startup Paystack
Paystack, a Nigeria-based startup providing payments tools to businesses in Africa, has raised $8 million in Series A funding. The round was led by Stripe, and includes Visa, follow-on funding from Tencent and Y Combinator, as well as angel investors Tom Stafford (Managing Partner at DST Global), Gbenga Oyebode (founding partner of Aluko & Oyebode







