Tuesday, May 26

Technology

Bolt Partners with Fido Credit to Offer Loans to Drivers in Ghana
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Technology

Bolt Partners with Fido Credit to Offer Loans to Drivers in Ghana

Ghana’s leading ride-hailing platform, Bolt, has partnered with Fido Credit, a digital finance provider offering fast and convenient short-term loans, to deliver accessible and flexible credit solutions to drivers across the country. The initiative is aimed at easing access to short-term loans for Bolt drivers.Since the partnership launched, over 2,400 Bolt drivers have already taken advantage of the offering, highlighting a strong demand for alternative financing solutions within the sector. Through this partnership, drivers on the Bolt platform can apply for loans as business users without the need to submit formal proof of business ownership, a significant step toward financial inclusion for these platform workers. Once they submit their details, eligible drivers are pre-approved and...
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Visa appoints Aminata Kane as Head of Western and Central Africa
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Visa appoints Aminata Kane as Head of Western and Central Africa

Visa (NYSE: V) has announced the appointment of Aminata Kane as Senior Vice President, and Head of Western and Central Africa, effective September 4, 2025. Based in Abidjan, Côte d’Ivoire, Aminata will lead Visa’s newly established sub-regional team, covering 23 markets across four key offices in Abidjan, Accra, Kinshasa, and Lagos.Kane is a recognized leader in digital financial services and telecommunications, bringing over a decade of executive experience from Orange’s operations in the Middle East and Africa. Most recently, she served as Regional Chief Executive Officer for Orange Money Group, where she oversaw Orange Money and Orange Bank Africa services across 17 countries. A committed advocate for inclusive development, Kane has championed initiatives that empower youth and women...
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Ghana reviews nuclear security plan to strengthen safeguards  
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Ghana reviews nuclear security plan to strengthen safeguards  

Ghana has commenced a high-level review of its Integrated Nuclear Security Sustainability Plan (INSSP) to strengthen national measures against emerging threats, including terrorism and cyber-attacks, safeguarding nuclear materials, facilities, and technologies.   The INSSP, covering the period 2025-2028, is being developed based on identified areas for improvement and national priorities.   Speaking at the meeting in Accra, Mr. Kwamena Essilfie Quaison, Director for Science, Technology and Innovation, Ministry of Environment, Science, and Technology (MEST), described the review as crucial, given the current complex security landscape.   "The peaceful use of nuclear science and technology continues to expand, offering enormous benefits in medicine, energy, agriculture, an...
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Ghana, UAE sign MOU to build $1 billion innovation hub
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Ghana, UAE sign MOU to build $1 billion innovation hub

Ghana has signed a Memorandum of Understanding with the United Arab Emirates, led by the Ports, Customs and Free Zone Corporation (PCFC), to build a $1 billion innovation hub in Accra. The investment will be fully funded by PCFC, while Ghana will provide the land to be located in Ningo Prampram in the Greater Accra region. The 25-kilometre square facility is expected to begin in 2026 and be completed before the end of 2027. Mr Sam George, the Minister of Communication, Digital Technology and Innovation Communications, signed on behalf of Ghana, while Mr Sultan Ahmed Bin Sulayem, Group Chairman, PCFC, signed for the UAE. Mr George said the partnership between Ghana, PCFC and the G42, leading AI firms in the world, would revolutionise technology in the country. The partnership...
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OkadaMotto Mobile App Launched in Accra to Revolutionize Ride-Hailing Experience
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Technology

OkadaMotto Mobile App Launched in Accra to Revolutionize Ride-Hailing Experience

The OkadaMotto mobile app was officially launched today at the Accra Metropolitan Assembly (AMA) Conference room, marking a significant milestone in the country’s ride-hailing industry. The event brought together key stakeholders, including government officials, industry players, and influential personalities. Hon. Ras Mubarak, Founding Partner of OkadaMotto, delivered a passionate speech emphasizing the importance of road safety. He urged riders to adhere to traffic rules and regulations, stressing that safety should be their top priority. The AMA Mayor, in his remarks, called for discipline among riders, highlighting the need for them to operate responsibly and respect traffic laws. He expressed optimism that the OkadaMotto app would contribute to a more organized and safer ride-ha...
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Swedfund invests in African climate tech and innovation
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Swedfund invests in African climate tech and innovation

Swedfund commits USD 10 million to the Novastar Ventures Africa People and Planet Fund III (NVIII) to increase access to capital for African companies that are tackling climate change and development challenges through clean and climate-positive technologies. At a time when Africa faces increasing climate risks, it is also emerging as a rising hub for climate and clean-tech innovation. Through this indirect investment, Swedfund aims to catalyse funding for early-stage local businesses developing solutions in renewable energy, e-mobility, smart logistics, circular economy and regenerative agriculture.— As the impacts of climate change intensify, it is critical to support businesses building resilient, low-carbon economies. Our investment seeks to unlock financing for innovative companies...
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Israel supports Ghana to lead sustainable honey exports
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Israel supports Ghana to lead sustainable honey exports

Ghana is poised to become a regional powerhouse in honey production and export, as Israel pledges support through technology, innovation, and knowledge-sharing to boost productivity. Ghana’s rich biodiversity, diverse flora—including mango, cocoa, cashew, and orange farms—and favourable climate provide abundant nectar sources, positioning the country for entry into the US$5 billion global honey market. “Ghana, with its rich biodiversity, and favourable climate, has all the natural ingredients to become a regional powerhouse in honey production. Potential alone is not enough. That’s why we’re here to bring together, experience, expertise, and opportunity,” said Mr. Aviel Avraham, Deputy Chief of Mission at the Israeli Embassy to Ghana, Liberia, and Sierra Leone. He was addressing s...
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Carrot Credit raises $4.2m to help Africans access loans using digital investments as collateral
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Carrot Credit raises $4.2m to help Africans access loans using digital investments as collateral

The fintech allows users access loans without selling their investments. Carrot Credit has raised $4.2 million in seed funding to expand its asset-backed lending platform. The round was led by MaC Venture Capital, with backing from Authentic Ventures. The funding will support product development and expansion across Africa. Carrot Credit, a Nigerian fintech startup, has secured $4.2 million in seed funding to scale its alternative credit service that allows users to obtain loans by pledging their digital investments as collateral. The funding round was led by US-based MaC Venture Capital, with participation from Authentic Ventures. Founded in 2023 by Boluwatife Aiki-Raji, Carrot Credit is carving a niche in Africa’s lending landscape by enabling individuals to borrow ...
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EV Startup ARC Ride Secures US$5mn to Accelerate Electric Boda Rollout
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EV Startup ARC Ride Secures US$5mn to Accelerate Electric Boda Rollout

Electric mobility startup ARC Ride has raised US$5 million in new financing to deploy 5,000 electric two-wheelers and expand its battery swapping infrastructure, marking a major step toward sustainable transportation in the country. The funding, backed by British International Investment (BII), is aimed at electrifying the ubiquitous Boda Boda sector that forms the backbone of Kenya’s urban and peri-urban transport network. The move is expected to cut over 100,000 metric tonnes of carbon emissions annually by shifting from petrol-powered bikes to electric alternatives. The investment is part of a broader push to modernize Nairobi’s transportation system while addressing environmental concerns, as statistics reveal the transport sector is responsible for approximately 13% of Kenya...
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7 Nigerian Startups set to pitch at Africa Tech Summit London 0n June 6
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7 Nigerian Startups set to pitch at Africa Tech Summit London 0n June 6

Seven Nigerian startups are set to pitch at the 9th edition of Africa Tech Summit London on June 6th at the London Stock Exchange. The summit, which focuses on unlocking global capital and forging new connections between African ventures and international investors, will feature 13 African startups taking the stage to pitch to global investors. The Africa Tech Summit London is a one-day event that brings together more than 350 investors, corporate leaders, entrepreneurs, and policymakers to shape key movements for Africa’s tech ecosystem and explore the future of the continent’s technology in a world of shifting economic tides. The 13 startups will pitch ideas to a room of global investors and decision-makers, many of whom have developed an interest in Africa’s tech potential. Backed...
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