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Business Daily

Africa's tech entrepreneurs

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 6 July 2020

⏱️ 17 minutes

🧾️ Download transcript

Summary

Coronavirus has brought new opportunities to Africa's tech sector, despite the devastating blow it has delivered to economies around the world.

Tamasin Ford speaks to one of Forbes Africa’s 50 most powerful women, Rebecca Enonchong, the founder and CEO of AppsTech, a global provider of digital solutions. Claud Hutchful, chief executive of Dream Oval, a technology firm in Accra, Ghana, tells us about payments app Slydepay.

Plus we hear from Moses Acquah, chief technology officer of GreenTec Capital Partners, an investment firm that supports African entrepreneurs. He’s also the founder of the networking organisation, Afrolynk.

(Picture: Woman using a tablet; Credit: Getty Images)

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, I'm Tamerson Ford. Welcome to Business Daily from the BBC.

0:06.6

Coronavirus has had a devastating blow on economies around the world. But in Africa, there's one

0:13.5

sector that's booming. One thing for sure is that the uptake of technology across the board has increased during the pandemic.

0:24.3

So ed tech, fintech, ed health.

0:26.8

We take a look at why.

0:28.4

Because of lack of infrastructures, most of the African entrepreneurs, they were already

0:32.6

digital inclined.

0:34.2

These key sectors, which had been invested in the past, we see that they actually

0:38.8

have benefited a lot.

0:40.6

That's all in Business Daily from the BBC.

0:46.3

An average of $1 billion worth of mobile money transactions are made in Africa every day.

0:53.3

Slight pay empowers businesses to tap into this market

0:56.3

and get a share of that $1 billion.

0:59.3

Slide Pay is a mobile...

1:00.4

That's an advert for SlidePay,

1:02.3

a digital payment platform used in Ghana and Zimbabwe.

1:06.0

See, just what download the app,

1:08.4

then you go sliding the cash from you, your bank account,

1:11.8

to my mobile money.

1:13.2

That's all. They count.

1:19.4

Pay with my pay. Pay it like a ball.

1:31.0

Since the two countries locked down at the end of March, digital transactions by companies already using the platform have jumped by more than 150% in some cases,

...

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