Author: WAJ Reporter

The Chinese-based e-commerce platform Temu is increasingly making an impact in Nigeria’s digital market. Rapidly expanding, Temu has already entered over 80 markets, with Nigeria being one of them. With a population exceeding 200 million, Nigeria offers a highly fertile market with a vast consumer base. As the years progress, the younger generation in Nigeria is growing, and they are increasingly turning to digital shopping. Smartphone usage is on the rise, and access to digital marketplaces is becoming more widespread. In addition, rising inflation and currency depreciation in Nigeria have amplified the value placed on affordable products—precisely what Temu offers.…

The e-commerce platform GiriToday, which launched in Nigeria, aims to connect African sellers with global customers. The platform’s founder and CEO, Wale Ayantoye, stated that artificial intelligence and machine learning technologies are used on the platform, allowing sellers to trade seamlessly, quickly, efficiently, and securely. Ayantoye also mentioned that the platform provides sellers with the opportunity to showcase their creativity and build a global presence. “We understand what people are looking for in Africa… Our goal is to give people the opportunity to list their products free of charge and connect with global buyers,” he said. “GiriToday is about empowering…

Tangible Africa, established through a collaboration between Nelson Mandela University and the Leva Foundation, was selected as one of 20 projects from a pool of 160 initiatives across the continent to participate in a prestigious event in South Korea. This opportunity enables the venture to prepare for global partnerships, train in innovative strategies, and connect with new opportunities. In 2024, Tangible Africa achieved significant milestones. Tangible coding was widely adopted in countries such as Ghana, Kenya, Zambia, Zimbabwe, and Uganda. Furthermore, the organization gained international recognition in countries like the United States, Ireland, and Indonesia, where projects like Tangible Coding,…

HUB2 Raises $8.5 Million in Series A Funding to Expand in Francophone Africa HUB2, a West African company, has secured $8.5 million in a Series A funding round led by TLcom Capital to expand its payment infrastructure across Francophone Africa. The region’s fragmented financial systems and low banking penetration have posed significant challenges for businesses and consumers. To address these issues, HUB2 offers a unified API that integrates bank transfers, card payments, mobile money, and cryptocurrency, aiming to create a seamless payment ecosystem. Founded in 2019, HUB2 initially targeted independent e-commerce but later pivoted to the fintech sector. This shift…

Liquid Intelligent Technologies, a digital infrastructure provider across Africa, has announced an investment of 1 billion rand in expanding internet access to underserved regions of South Africa. This investment has significantly expanded the fibre infrastructure in the country’s Eastern Cape and Western Cape provinces. In the Eastern Cape, where internet access has been limited, the company secured a R900 million loan to enhance connectivity. This investment is part of a collaboration between Liquid, the State Information Technology Agency (SITA), and the Eastern Cape Provincial Government. The partnership continues to provide high-speed internet to government buildings, with 2,700 buildings benefiting from…

Accessing healthcare services in another country can be possible by car, but in Rwanda, the road conditions, occasional rainfall, and the unsafe nature of the roads at night make it difficult to reach these services. Drones are providing a solution to these challenges. Thanks to these drones, critical health resources such as blood, medicines, and vaccines can be transported to hospitals in remote areas. This way, when the people of Rwanda visit nearby hospitals for care, they are not faced with a shortage of medical supplies that could hinder their treatment. The use of drones not only results in significant time savings…

The Central Bank of Egypt (CBE) will implement card tokenisation by 2025, marking a significant step toward securing Egypt’s digital payment ecosystem. This measure will act as a barrier against digital fraud, providing consumers with greater confidence in the protection of their data. In 2021, digital transactions in Egypt amounted to EGP 7 trillion, but this figure has surged to EGP 22 trillion by 2024. This growth is expected to accelerate in the coming years, driving an increased demand for robust consumer security solutions. CBE’s initiative addresses this demand while aligning with global fintech advancements. Similarly, Mastercard has committed to…