eNaira adoption boost by CBN & Gluwa 🪙 | MPower $2m injection 💰

In today’s menu 🥘

🪙 Nigeria’s CBN and Gluwa Unite to Overcome eNaira Adoption Challenges Post-Binance Controversy
💰 TDB Group extends $2 Million loan to MPower Ventures to boost solar energy solutions in Zambia
💰tookeez Secures $1.5 Million in Fundraising Round to Revolutionize Loyalty Programs in Africa and MENA Region
🧬 Ghana's Yemaachi Biotech and global team SAMBAI secures $25 million Cancer Grand Challenges award

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🪙 DIGITAL CURRENCY

Nigeria’s CBN and Gluwa Unite to Overcome eNaira Adoption Challenges Post-Binance Controversy

The Central Bank of Nigeria (CBN) has forged an official partnership with Gluwa, a leading blockchain infrastructure firm, with the aim of accelerating the widespread adoption of Nigeria’s digital currency, eNaira, by harnessing the capabilities of blockchain technology.

This collaborative effort seeks to transform the nation’s digital financial landscape, especially in response to recent regulatory challenges faced by Binance, a major cryptocurrency platform operating in Nigeria.…continue reading

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💰 FUNDING

TDB Group extends $2 Million loan to MPower Ventures to boost solar energy solutions in Zambia

The Trade and Development Bank Group (TDB Group) of Eastern and Southern Africa, via its Trade and Development Fund (TDF), has granted climate and fintech startup MPower Ventures Zambia Limited a three-year loan of USD 2 million. The funding is designated to enhance the availability of affordable and contemporary energy solutions, especially for households, by supporting the import and retail of solar products for off-grid communities in Zambia.

This transaction enables MPower Zambia to expand its provision of household solar devices and market-driven assets like freezers, sewing machines, and water pumps to households with lower to middle income, SMEs, and farmers in peripheral urban and rural locations…..continue reading

tookeez Secures $1.5 Million in Fundraising Round to Revolutionize Loyalty Programs in Africa and MENA Region

Moroccan FinTech start-up tookeez has made waves in the loyalty program landscape by announcing a significant fundraising round of $1.5 million. The operation, carried out with Azur Innovation Fund, a renowned public-private seed capital fund, aims to elevate the customfer loyalty experience across Africa and the MENA region..

Founded by Hicham Amadi and the sisters Wiam and Siham Elmejjad, who are also CEOs and founders of various IT companies, including Moroccan loyalty program specialist 2WLS, tookeez addresses these challenges with an innovative solution. It introduces a universal digital value unit for loyalty point conversion, facilitating flexible usage across an extensive network of retail partners...…..continue reading

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