AFRICA'S WEEKLY 📚👇
Discover more from NGENI LABs Newsletter
Hello,😃 welcome to the weekly recap of innovative technologies propelling Africa ahead.
We provide weekly news resources for African developers, breaking down all news that is related to web3, blockchain, fintech, and the Exchange Trading ecosystem.
Funding Announcement 🤑➥South African health-tech startup, KenaHealth, has raised $2m in seed funding.
Kena Health aims to revolutionize the healthcare industry by leveraging technology to improve access to quality healthcare services.
Investors/Innovation Corner 💡➥JUA just launched a Peer-to-peer cryptocurrency exchange.
Jua is a gateway for Africans into web3 and into the crypto economy, and what makes us special is we are peer-to-peer below are the payment methods anyone can use to exchange on Jua peer-to-peer exchange.
Trade for Fiat, Send, Recieve and utilise cryptocurrencies wherever you are in Africa and with whichever payment method you have on Jua peer to peer exchange.
➥The Mastercard Foundation and the Institut Pasteur de Dakar (IDP) have unveiled a $ 45 million partnership to strengthen Africa's healthcare infrastructure and foster vaccine manufacturing autonomy.
➥SA's MultiChoice to Launch pan-African payment platform.
South Africa's MultiChoice Group is developing an integrated payment platform for Africa in a joint venture with UK-based payments platform Rapyd and private equity firm General Catalyst.
The payment platform will be called Moment and offer expanded payment infrastructure for businesses across Africa to help them collect and make payments to buyers or suppliers. Moment will also offer consumers payments, savings and rewards.
"The aim is to transform the African payments landscape by making digital payments more accessible and reliable for domestic, cross-border and global payments," MultiChoice said in a statement.
➥Cross-border payment solution LemFi expands to Kenya
The fintech service is aimed at Africa's diaspora community and the company said it wants "to revolutionize the international money transfer market" with innovative solutions at zero fees.
Customers in the United Kingdom, United States and Canada can send funds via the LemFi app directly into bank and mobile money accounts to ten African countries including Ghana, Nigeria, Uganda, Cameroon, and now Kenya.
➥Meltwater paves the way with AI engine and ChatGPT integration
Meltwater, the global leader in media, social, and consumer intelligence, announces new AI-powered product innovations to help customers uncover insights, boost efficiency, and generate content.
With the integration of OpenAI models and advanced algorithms, Meltwater expands on 20 years of robust AI capabilities to deliver actionable insights, eliminating the time and guesswork required to understand online data.
Worth Reading 📚➥Fintech to save Kenyans Sh2.4bn in remittances fees
The firm is targeting over 500,000 Kenyans abroad with zero remittance charges.
In Summary
•Customers benefit from zero fees for transactions at the best forex rates.
•Service Provider offers multiple currency options for customers.
LemFi, a Nigerian Fintech dealing in cross-border money transfer service, has formally entered the Kenyan market and will be targeting over 500,000 Kenyans abroad with zero remittance fees.
OTHER ARTICLES 👇➥Co-Creation Hub announced the 12 startups in the first Nigerian cohort of its Mastercard Foundation EdTech Fellowship Program. The startups will receive up to $100K in equity-free grant funding.
➥6 ways Google is Working with AI in Africa
Thanks for reading👌
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