Browsing: edtech

• Through its app, Zenda allows parents to pay fees directly to schools, all while streamlining collections by enabling schools to accept and manage online payments
• Parents do not necessarily need to provide bank deposit slips as proof of payment because all transactions on Zenda happen in real-time
• Zenda’s users have increased 20 fold, with the app reaching over US$100 million in annual contracted payment volumes by the close of last year

UAE- based startup Zenda is now eyeing Africa as its next frontier market for growth. 

The company which is looking to change how parents pay school fees and the way in which educational institutions manage the collection of fees is looking to expand its reach to Africa. 

Formerly known as nexopay, the firm plans to penetrate the African market through Egypt in the coming months as the firm embarks on a growth drive accelerated by a US$9.4 million seed …

Norrsken22 plans on capitalizing on its general partners’ years of experience and investment philosophies to back startups in fintech, MedTech, Edtech, and market-enabling solutions such as B2B marketplaces and inventory management businesses.

Kolbe, whose previous firm Actis backed Egyptian fintech giant Fawry in 2019 as it prepared to go public, said Norrsken would look at Egypt ‘opportunistically.’ 

Deals from the country that may be of interest to the firm will be those planning an expansion into the four markets Norrsken22 is currently keen on, including Nigeria, Ghana, Kenya and South Africa.…

Africa appears to have narrowly escaped the level of devastation that COVID19 is wreaking in the global north with China as its entry.[1] As if the virus followed the global supply chain to destroy it.[2] The global supply chain links China to the global north before connecting to Africa[3] so by the time the virus got here African leaders shut the borders – that is the saving grace despite the doom’s day prophecies of Bill Gates.[4] Africa got it right this time around without the help of the western saviors which begs George Ayittey’s famous quote “Africa is poor because she is not free”.[5]

According to the IMF[6] and WorldBank[7], Africa would experience her first recession in 25 years, but it would not be as severe as the global north.[8] Her recovery in my view could be fast-tracked by four mega …