Browsing: Learning

  • 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

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  • Learning poverty is costing African young learners dearly
  • Median international school fees in Africa span from US$4000 to US$10000 in Africa
  • Free education in Africa is now available across most countries.

Education is the most valuable investment any country can have, but the COVID-19 pandemic places this priceless activity in a rather unprecedented position, threatening the fate of the next generation.

Various numbers and figures  make the latter clearer. According to International Schools Database, Median international school fees in Africa span from US$4000 to US$10,000 in Africa. According to a 2020 based study on 14 countries, the average spending mark on education in Africa was 4.77 per cent.

Out of 53 countries, at least more than 40 provide free education to children in Africa. These numbers are a glimpse of how education is crucial to developing economies, Africa to be specific.

Read: World Bank invests in East Africa’s vocational education