NovoTech Africa · CI
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Owning an electronic wallet is not enough to join the financial system. A white paper relayed by CIO Mag puts a number on the gap between accounts opened and accounts in use, and proposes four workstreams to make mobile money an everyday tool.
Guide
Senegal, Burkina Faso, Côte d’Ivoire, Mali, Guinea and Benin have adopted joint guidelines to provide a framework for the development of artificial intelligence. The aim is to promote responsible AI that is tailored to African realities and less reliant on rules devised elsewhere. The challenge now is to translate these principles into concrete measures.
Founded in 2024, NeoFleet Capital doesn’t lend to drivers but to the people who run fleets. It has just closed a $4 million first round and wants to grow from 650 to 5,000 vehicles by the end of 2027.
AnalysisSolar power, electric motorbikes, online payments: African startups raised $260.3 million in September. That is twice as much as a year earlier, but 85% of it went to ten companies. Senegal got just $1.3 million.
AnalysisThe Dakar-based refurbisher of professional printers has secured $1.36 million from Saviu Ventures and its own managers. It is a first for this Francophone Africa-focused fund, which is backing an industrial business rather than an app, with Côte d’Ivoire next in its sights.
GuideUsers in Senegal say their Wave accounts were emptied without them authorising anything, sometimes of their entire salary. Fake bonuses, fake agents, codes coaxed out of victims: here are the tricks fraudsters are known to use, the habits that protect you and what to do if it is already too late.
AnalysisA scam can target one country, cash out in a second and launder the money in a third within hours. For Franck Kié (Cyber Africa Forum) and Ouanilo Medegan Fagla (Benin’s CNIN), only permanent African cooperation can keep up.
Dossier-TekPaying for a subscription, a plane ticket or a purchase on a foreign website without a bank account: that is the promise of virtual cards linked to mobile money. Wave has launched its own with Visa and Ecobank in Senegal. How they work, the competitors, the limits and what is at stake: our Dossier-Tek.
The third edition of this pan-African programme brought together young people from Côte d’Ivoire, Ghana, Zambia, Senegal, Ethiopia and Mozambique. The final took place on 19 September in Abidjan.