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Women Can Add $14 57 Billion to E-Commerce in Africa, IFC Research

Africa’s e-commerce market could grow by more than $14.5 billion between 2025-2030 according to an IFC report published today. The report finds this can be achieved by increasing the number of women selling on online platforms and by providing them with better training and financial support to help them match sales made by men. The report,  Women and e-commerce in Africa , found that COVID-19 has accelerated the growth of e-commerce and digital entrepreneurship in Africa and that more women have embraced digital business. However, it also noted that more can be done to promote women’s entrepreneurship and help women overcome e-commerce challenges. For example, e-commerce marketplace platforms are well-positioned to target women-owned businesses with training, and to encourage women’s participation in higher-value segments such as electronics. Women could also strengthen their businesses by taking advantage of emerging fintech offerings, such as in-platform loans, which wo

Mastercard appoints Victor Ndlovu Director, Business Development Lead, East Africa

Mastercard has today announced the appointment of Victor Ndlovu as Director, Country Business Development Lead for East Africa. Victor is a seasoned business leader with close to three decades of solid experience in the fintech, banking, and payments industry. He joins Mastercard from South Africa’s fintech firm Ukheshe, where he spearheaded the fintech’s presence in Africa with deals at KCB Bank and Ecobank Pan Africa. In his new role, Victor is responsible for growing Mastercard’s regional footprint in the East Africa region through increasing market share, driving market acceptance, and increasing the number of customer touchpoints.  “I am pleased to announce the appointment of Victor Ndlovu as Mastercard’s “Country Business Development Lead – East Africa.” With his responsibility to drive business growth across our footprint in this geography, I’m sure Victor will bring to bear his vast experience and deep payments expertise to successfully take the Mast

StarTimes to roll out of exclusive productions in Kenya

Pay Television Company StarTimes Media has announced plans to roll out of exclusive productions that continue to feature on the subscriber platforms online application StarTimes ON and the local content self-produced channel, Rembo TV. Speaking during this year’s virtual ICT week organized by Communication Authority of Kenya, StarTimes Kenya Content Director Mr. Myke Mugo noted the company is increasingly involved in the on-going conversation on Kenyan content making waves on the new digital spaces and how best to monetize the content on new platforms including over the top technology in the country and beyond. “Kenya is progressively producing great content buoyed by technically astute and talented producers. Great opportunity thereby lies in identifying a unifying thread that will make our Kenyan content immediately recognizable and curves a niche market for itself in the face of competition from more established Nigerian, Mexican, Tanzanian, Chinese and American content that

Kenyan fintech firm Asilimia among 14 startups selected for Catapult: Inclusion Africa 2021 fintech bootcamp

Asilimia, a Kenyan fintech is among the 14 Fintech start-ups selected to take part in the 2021 edition of CATAPULT: Inclusion Africa fintech bootcamp. Through the program, selected companies will benefit from intensive mentoring, coaching, peer to peer learning and dedicated workshops. This will be through various sessions which include; business model mapping, investment readiness, funding, and capital raising, social impact, scaling strategy, building teams, operational management, advisory meetings with investors, and pitch development. Developed by the Luxembourg House of Financial Technology (LHoFT) Foundation, the program now in its third edition targets companies focusing on financial inclusion in Africa, aiming to build bridges between Africa and Europe; and concurrently, highlighting their initiatives that are very much aligned with the sustainability goals of Luxembourg’s finance centre.

GSMA recognizes Safaricom s contribution to the mobile industry

GSMA recognizes Safaricom s contribution to the mobile industry
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