Browsing: digital platform

• Service industry activities accounted for 61.1 percent of Kenya’s GDP in 2022.
• A digital tipping platform pioneered by Shukran SACCO seeks to harness service tips to grow savings among members in the service industry.
• Kenya’s restaurant service industry provides jobs to over 80,000 people.

Digital tipping platform Shukran has devised a way to instantly turn tips into savings, a move aimed at boosting the savings culture among workers in Kenya’s vast service industry. The new platform will see restaurant workers directly receive and save their tips to earn dividends as well as seek loans. 

Service industry’s significance in Kenya’s GDP

According to data by the Kenya National Bureau of Statistics (KNBS), service activities contributed about 61.1 percent of Kenya’s gross domestic product (GDP) in 2022.

The digital tipping platform, through the newly formed Shukran SACCO, is looking to capitalise on the industry’s might and significance to grow savings …

• Eldohub platform Sasakazi is addressing barriers to decent employment, including the availability of skilled employees among the youth.
• Sasakazi is providing support to young tech professionals in acquiring practical work experience. 
• Eldohub Founder Magdalene Chepkemoi says Africa is in dire need of tech talent. An increasing number of firms in Africa are embracing technology to accelerate economic growth.

Kenyan Tech Startup Eldohub has launched a new platform to link Small and Medium Enterprises (SMEs) to young tech professionals as demand for tech talent skyrockets.

The platform dubbed Sasakazi addresses barriers to getting decent jobs. This is by pairing available skilled employees especially among the youth with businesses ready to hire.

Sasakazi offering support to young professionals

The platform occupies a central position between SMEs and tech talent pool. It provides support to young tech professionals in acquiring practical work experience. This way, young professionals are in a position to launching …

• Deal Source Africa connects African businesses online with investors, transaction advisors and Impact Funds.
• Experienced transaction advisors will link with businesses to provide professional support along their fundraising journey.
• During the pilot phase, the program enabled 94 businesses to connect with 18 investors in deal rooms. 

A new programme seeking to connect African businesses online with investors, transaction advisors and Impact Funds has been unveiled in Ghana at the West Africa Deal summit. The programme, Deal Source Africa, comprises a digital platform that connects investors with businesses, in-person and virtual deal rooms where businesses can meet investors.

Deal Source Africa seeks to bridge the $331 billion funding gap for African SMEs. Top on target will be SMEs with high growth potential and offering solutions that help meet their business needs.

It also includes Impact Fund showcases where investors can meet African venture funds and other local capital providers.

Deal Source

• The hub is a digital platform that will enable fintech associations across Africa to pool resources and knowledge, strengthen relationships and partnerships, as well as showcase the work of fintech on the continent, including those which are female-led or owned.
• The one-stop shop will be delivered through a strategic partnership between AFN and the Centre for Financial Regulation and Inclusion (Cenfri), which will provide technical support in the development of the Hub, as well as promote research, knowledge creation and other innovative initiatives.
• Although fintechs have great potential to contribute to digital financial inclusion across the continent, the African fintech sector significantly lags behind those in other regions such as Latin America and South-East Asia.

Financial Technology (Fintech) firms in Africa are set for a major boost as the African Development Bank (AfDB) and the Africa Fintech Network agreed to develop a one-stop shop for all fintech activities across the …