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Expert and African
Brand Press
Chimgozirim Nwokoma
Author
Accidental writer, covering Africa's startup landscape and its heroes. Find me on Twitter
@chigo_nwokoma
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Stories from
Chimgozirim Nwokoma
Startups
JumiaPay records a 37.8% decline in transactions but Jumia's gross profit grows by 5%
Jumia has released its Q1 2023 earnings report, showing a 37.8% decline in the number of transactions completed using JumiaPay. However, its operating losses also fell as the company continues its push for profitability.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
5 days ago
Fintech
TymeBank's parent company gets $77.8 million to drive its South African and Asian expansion plans
With more than 7 million customers in South Africa, Tyme has raised $77.8 million, which it plans to use for expansion across Southeast Asia and South Africa.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
5 days ago
Fintech
Ongoing USSD disputes threaten to exclude 17 Million Nigerians from banking services
The dispute between commercial banks and telcos in Nigeria has taken a new turn after telcos received approval to cut off access to banks. However, such a move risks alienating the over ten million Nigerians who do not have smartphones but own bank accounts.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
5 days ago
Telecoms
Why the Nigerian Communications Commission is pushing for harmonised short codes
The unified USSD codes for network providers have come into effect today. Here are all the codes, the services they can be used for, and why the NCC wants a harmonised short code system.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
1 week ago
Startups
Inside Unyte's ambitious plan to provide insurance for all Nigerians
Less than 1% of Nigerians own any form of insurance, but Unyte, a newly launched insurtech startup wants to significantly increase this percentage. Having locked down partnerships with major insurance providers, it believes that it can drive insurance by improving acces...
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
1 week ago
Equity Merchants
WellaHealth CEO shares insights on growing with venture capital, closing the gender funding gap, and the need for patient capital
Ikpeme Neto did not always want to be an entrepreneur but starting a business was a great way to extend his impact. In this article, he shares tips for founders seeking venture capital and how to close the gender funding gap.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
2 weeks ago
edtech
Sim Shagaya's Miva Open University gets licence to operate online university in Nigeria
Miva Open University has received an open learning licence to operate an online university in Nigeria. Courses on offer include Cyber Security, Data Science, and Software Engineering.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
2 weeks ago
Fintech
Report: By 2030, Africa will be fintech's fastest-growing region
Fintech startups have come to represent the innovation that's taking place in Africa's startup space. A new report by the Boston Consulting Group and QED Investors expects the region to be fintech's fastest growing this decade.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
2 weeks ago
Startups
Gricd rebrands to Figorr, raises $1.5 million seed funding to help insure perishable goods
More than 30% of agricultural produce in Nigeria is lost to poor storage facilities. Gricd, a startup that provides Internet of Things technology for storage facilities, has raised $1.5 million to expand its team and improve its product. It is also changing its name to ...
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
2 weeks ago
Governance & Policy
Will your BVN expire? CBN says no, but a now-deleted/restricted page says otherwise
After reports surfaced about the ten-year expiry date for BVNs, the CBN has come out to deny them. However, a search of the CBN's BVN FAQ page confirms the existence of a document stating that BVNs will expire after ten years.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
2 weeks ago
Fintech
Are local card schemes the lifeline for Africa's virtual card startups?
As virtual dollar cards have become a popular means of international payments, African card issuers have struggled with chargeback fraud and declined transactions. This has led to calls for a local card scheme, a solution several experts disagree with.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
2 weeks ago
Governance & Policy
Why Kenya wants to tax content creators and influencers
The Kenyan Revenue Authority has indicated an interest in taxing content creators in amendments made to the Finance Bill. Should the amendments be approved by President William Ruto, content creators will pay a 15% withholding tax.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
3 weeks ago
Startups
Why did Treepz ditch bus-hailing for car-sharing after a $4.5M cash injection?
Treepz was founded in 2019 as a bus-hailing startup. After expanding to three African countries, it has launched a car-sharing service. Still, questions remain over its business model.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
3 weeks ago
Fintech
Chargebacks, insufficient funds: Why Nigerian fintech startups are struggling with virtual cards
Low transaction limits drove the adoption of virtual dollar cards. Now chargeback fraud and declined transactions threaten their continued usage.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
3 weeks ago
Equity Merchants
"Founders should interview investors as much as the investors do" — Victor Kareem, Executive Director, Lagos Angel Network
Victor Kareem is the Executive Director at Lagos Angel Network where he leads its day-to-day activities. In this article, he shares tips for founders to choose the right investors and why venture capitalists differ from angel investors.
Chimgozirim Nwokoma
Chimgozirim Nwokoma
·
3 weeks ago
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