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Africa

Payment

Microsoft

Microsoft, a global technology company and Flutterwave, a global payment company, have entered into a five-year strategic partnership that will enable Flutterwave ride on Microsoft’s intelligent ...

Microsoft, Flutterwave Partner to Boost Payment Innovation across Africa

This Day

Microsoft, a multinational technology firm based in the US, has teamed with Flutterwave, a fintech company based in Nigeria to promote financial innovation.

https://www.bing.com/th?id=OVFT.s3aKNyqHjx5d5LM-ygYnty&pid=News

Flutterwave Teams Up With Microsoft to Improve Financial Inclusion Worldwide

https://www.bing.com/th?id=ODF.y8KvQLf1DnwRCBkNOEAylg&pid=news

legit

Hedera Network expresses commitment to bank the bankless section of the population at the Africa Money and DeFi Summit.

https://www.bing.com/th?id=OVFT.V0Pi-TlQv-Mk8-eG2AtlYS&pid=News

Highlights of the Africa Money and DeFi Summit

https://www.bing.com/th?id=ODF.x7PYnek6gF3Q6Zxgzk7KOQ&pid=news

cryptonewsz

Community

Earth Day

Flutterwave, Africa’s leading payments technology company, today announced a collaboration with the Africa Upcycle Community to mark its Sustainability Week from October 23rd to 27th, 2023.

https://www.bing.com/th?id=OVFT.N9c5RgX87ZJo0esw9x9xOi&pid=News

Flutterwave launches Earth Day pledge, partners with Africa Upcycle Community to celebrate 2023 sustainability week

https://www.bing.com/th?id=ODF.vjK0ozspofWB5EN91VV-lA&pid=news

Nairametrics

Nigeria

Africa’s leading payments technology company Flutterwave has announced a collaboration with Africa Upcycle Community to mark its Sustainability Week from October 23 to October 27, 2023. This collaboration involves a week-long event with a series of initiatives and activities designed to emphasize the importance of corporate responsibility in the global sustainability journey.

Flutterwave launches Earth Day pledge, partners Africa Upcycle Community to mark 2023 sustainability week

https://www.bing.com/th?id=ODF.ls1VlOkW4ly4geTs_BylmA&pid=news

The Guardian Nigeria

Pledge

The Flutterwave Earth Pledge, a public call to individuals and businesses to incorporate sustainable actions into their core activities, will be launched during the dialogue.

Flutterwave launches Earth Day pledge, partners Africa Upcycle Community to celebrate 2023 sustainability week

https://www.bing.com/th?id=ODF.tEXNnR15uEsgabenXVXSfA&pid=news

Premium Times

The rise of financial technology (fintech) has significantly transformed banking and payment systems worldwide, including in Africa. Fintech enterprises leverage advanced technology to provide financial services to Africans,

https://www.bing.com/th?id=OVFT.-NvFp9JkA1ayQ0TTixFjfy&pid=News

Finance

Circle

Top African Fintech Companies for Your Financial Requirements

Finance Quick Fix on MSN.com

Mint

MasterCard

Global payments firms are spending billions of dollars on fintechs around the continent as e-commerce growth picks up.

https://www.bing.com/th?id=OVFT.UAYpzu0YtG0Yf9Bz7AfNfC&pid=News

Visa, Mastercard want a slice of Africa’s mobile money

https://www.bing.com/th?id=ODF.W8vM8p2PIvfc6Sh2F0nZpA&pid=news

Unicorn

Flutterwave, a San Francisco and Lagos-based fintech unicorn has announced a strategic partnership with Microsoft.

https://www.bing.com/th?id=OVFT.bmfR1TUTMDWvLPSCakZh3i&pid=News

How unicorn startup Flutterwave is working with Microsoft to invest in and empower 10 million SMEs

https://www.bing.com/th?id=ODF.rmxx8k5bUtfjL2XZYypzUA&pid=news

sandraappiah

Get the most recent info and news about Flutterwave on HackerNoon, where 10k+ technologists publish stories for 4M+ monthly readers.

At Flutterwave, we are on a mission to build payments infrastructure to connect Africa to the global economy. We do this by building technology, tools, and infrastructure for businesses and banks who want to provide a more seamless and secure payments experience for their customers. Founded in 2016 by a team of African finance and technology veterans from Standard Bank, PayPal, Google Wallet amongst others. Flutterwave has grown to become one of the fastest growing payments companies in the world. Since inception Flutterwave has processed close to $2 billion in payments and 25 million transactions across over 33 African countries where it currently operates. It has attracted significant investment from experienced Fintech investors such as Ycombinator Continuity Fund (investors in Stripe), Greycroft (investors in Braintree and Venmo), Greenvisor Capital, Omidyar Network, and Glynn Capital amongst others. In 2017 Flutterwave was named Africa’s best fintech company at the Apps Africa Innovation Awards.

Flutterwave

Iyinoluwa Aboyeji calls himself an entrepreneur in the public interest. He is passionate about partnering with missionary talent and capital to build an African future. Iyinoluwa is the Founder & General Partner of Future Africa, a people-powered innovation fund that provides capital, coaching and community to mission-driven innovators turning Africa's biggest challenges into business opportunities. Iyin is also a co-founder of Andela and was the former managing director of Flutterwave, a business building payments technology and infrastructure to connect Africa to the global economy. E' as he is fondly called as had a fantastic career so far, and we talk about it all in this video. He shares a lot about how he grew up, how he got the opportunity to study at Waterloo, the initial experiments/startups he tried building before Andela, how he met Jeremy and other Andela Cofounders, why he left to join Flutterwave and why he left Flutterwave. He also talks about The Future Africa Fund and so much more. This is my favourite FounderConnect video YET. E' was so open and energetic, and I learned so so so much. It is a must-watch. I promise! Watch the Video! https://www.youtube.com/watch?v=44AIp7uMvkk Video timestamps Beyond entrepreneurship and venture capital, what three phrases describe E. 1:27 What growing up was like for E. 2:26 How Iyin found tech 9:17 Building Fora, then Andela and then Flutterwave came calling. 19:10 How Iyin knew it was time to leave Andela and why? 38:00 The lessons he learned at Fora and Andela that Iyin took to Flutterwave? 40:57 Challenges at Flutterwave that his previous experiences didn't prepare him for? 42:42 Why did Iyin leave Flutterwave? 45:10 Asides from the big wins that the public gets to hear about Andela and Flutterwave, what makes E the proudest about these companies? 47:26 Was it a logical decision to start Future Africa? 49:39 How did he choose the team/partners at Future Africa? 58:21 What is the biggest lesson Iyin has learned in the last 30 years? 1:01:43 E shares what he thinks about Tech guys relocating 1:03:17

#FoundersConnect with Iyinoluwa Aboyeji, Co-founder of Andela & Former MD of Flutterwave

123 Stories To Learn About Youtube Transcripts

Let's learn about via these 61 free stories. They are ordered by most time reading created on HackerNoon. Visit the to find the most read stories about any technology. Founders Connect /Learn Repo 1. #FoundersConnect: Duncan Muchangi, Principal @ Unicorn Growth, Former MD, Jumia Group & Antler E.A Interview with Kenyan VC, Duncan Muchangi and founder of Unicorn Growth Capital. 2. Interview with Ezra Olubi, CTO of Paystack, on Getting Acquired by Stripe Peace interviews Ezra Olubi, co-founder and CTO of Paystack as he shares the Paystack story. 3. #FoundersConnect: Ijeoma Akwiwu, Lawyer, Developer, and Co-founder of Pivo, a Digital Bank Peace speaks with Ijeoma Akwiwu, the Co-founder and COO of Pivo, a bank for trade. 4. #FoundersConnect: Marvin Coleby, Co-Founder and CEO of Raise Marvin Coleby is building Raise, an equity management platform with a vision for Panafrican unity. He shares his background, startup and experiences with me. 5. Interview with the Cofounder of Helicarrier (Formerly, Buycoins) on Crypto in Africa Peace interviews Tomiwa Lasebikan, co-founder and head of product at Helicarrier, a product dedicated to connecting Africans with financial solutions. 6. #FoundersConnect: Interview with Chijioke Dozie, the CEO of Carbon Peace interviews Chijioke Dozie, CEO of $15.8 million VC-backed company, Carbon on his journey as a tech entrepreneur. 7. #FoundersConnect: Florence Githinji, Regional Marketing Manager at YellowCard Conversation with Florence Githinji, Regional Marketing Manager of Yellowcard. 8. Ayo Akindele, Founder and CEO of Kyshi Interview with Ayo Akindele, of Kyshi, a payment startup for transnational money transactions. 9. #FoundersConnect: Jude Dike, CoFounder and CEO of GetEquity Conversation with Jude Dike, co-Founder of GetEquity, a company democratizing access to startup investment in Africa. 10. #FoundersConnect (Music): Interview with Toba Adeyanju, CEO of Ejoya Music I sit with Toba Adeyanju, CEO of Ejoya Music, a startup music company, on his journey, insights and plans for the future. 11. Adewale Yusuf, Co-founder TalentQL, on Helping Young Africans Launch Their Tech Careers Peace interviews Adewale Yusuf, serial entrepreneur with a demonstrated history in EdTech,  with building Talent QL, Techpoint Africa and AltSchool. 12. #FoundersConnect: An Interview With Bernard Parah, CEO of Bitnob Bernard Parah, CEO of Bitnob, a Bitcoin centred payment service shares his love for cryptocurrency and the plans for his growing Startup with me. 13. #FoundersConnect: Interview with Nadayar Enegesi, CEO of Eden Life & Co-founder of Andela Peace interviews Nadayar Enegesi, the Co-founder and CEO of Eden Life a tech-enabled service that puts its users' home chores on autopilot. 14. #FoundersConnect: Peter Bunor Jr., From Nollywood Child Actor, to Co-Founder of Field Intelligence Peace interviews Nollywood Child Actor turned Founder, Peter Bunor of Field Intelligence. 15. #FoundersConnect - Bayo ‘Lion’ Adedeji: CEO, Wakanow & Founder, Dundu Nation & Wave Beach In this interview I have a conversation with Bayo Adedeji concerning how work at Wakanow and his extensive journey as an entrepreneur. 16. Interview with Atsu Davoh, Founder of Bitsika, on Creating a Payment App in Africa Peace sits down with Atsu Davoh, Founder & CEO of Bitsika. Bitsika is a payments app for making transactions. 17. #FoundersConnect: Wale Adetula, Co-Founder of TNC Africa Interview with Wale Adetula, the Founder of one of Nigeria's pioneer Media companies, TNC Africa. 18. #FoundersConnect: Interview with Onyeka Akumah, CEO Farmcrowdy & Co-founder CrowdyVest, PlentyWaka Peace interviews Onyeka Akumah, CEO of Farmcrowdy, and co-founder at Plentywaka, Crowdyvest and Rent Smallsmall on his journey as a tech entrepreneur. 19. #FoundersConnect: Kay Akinwunmi, Co-Founder & CEO of Zazuu, A Transborder Payment Company Kay, Co-founder and CEO of Zazuu, speaks to me about his platform that allows money transfers across border with ease, his background and journey. 20. The co-CEOs of Printivo, Temitope Ekundayo and Ibukun Oloyede on How to Run a Company Peace interviews co-CEOs of Temitope Ekundayo and Ibukun Oloyede or Printivo, a solution enabling small and medium enterprises to print items seamlessly. 21. #FoundersConnect with Oluwatomi Solanke, Co-founder/CEO of Trove Finance Peace interviews Oluwatomi Solanke, co-founder and CEO of Trove Finance, a micro-investment platform that allows Nigerians to invest in foreign stock markets. 22. #FoundersConnect: Interview with Musty Mustapha, Co-Founder & CTO of Kuda Peace Interviews Co-Founder of Kuda Bank, Musty Mustapha on his journey as a tech entrepreneur, experiences and lessons. 23. #FoundersConnect with Iyinoluwa Aboyeji, Co-founder of Andela & Former MD of Flutterwave Peace interviews Iyinoluwa Aboyeji, Co-founder of Andela on his career journey across various successful projects; mistakes, insights and much more. 24. #FoundersConnect: Douglas Kendyson of Selar on Hitting Huge Revenue Milestones Peace sits with Douglas Kendyson, CEO and founder of Selar for a fun and elucidating interview on his journey and his company. 25. #FoundersConnect: Koromone Koroye, Managing Editor of TechCabal Conversation with Koromone Koroye, Managing Editor of TechCabal on her interesting life experiences, thoughts of religion, work culture and more! 26. #FoundersConnect: Interview with Yinka Adewale, the CEO of Kudi Peace interviews Yinka Adewale, CEO of Kudi, a Start-up that offers seamless banking services to communities in Africa. 27. #FoundersConnect: Njoku Emmanuel, the 19-year-old CEO & Co-founder of Lazerpay Interview with Lazerpay co-founder & CEO, Njoku Emmanuel. 28. #FoundersConnect: Interview with Hanu Agbodje, the Founder and the CEO of Patricia In this episode, Peace Itimi interviews Hanu Agbodje, CEO of Patricia, on his journey as a tech entrepreneur and 29. #Founders Connect: Moses Enenwali, CEO & Co-founder of Topship (YC W 2022) Peace speaks with Moses Enenwali, the CEO and Co-founder of Topship, a fast-growing Logistics startup in Africa. 30. #FoundersConnect: Interview with Lotanna Nwose, Co-founder of Investsika I sit with Investsika's Co-Founder, Lotanna Nwose and we discuss his passion for stock accessibility and entrepreneurship and desires to provide this in Ghana. 31. #FoundersConnect with Damilola Olokesusi, Co-founder & CEO of Shuttlers Peace interviews Damilola Olokesusi, Co-founder and CEO of Shuttlers, a platform that enables its users access efficient shared transportation in Lagos, Nigeria 32. #FoundersConnect: Eyitayo Ogunmola, Founder of Utiva, an African Ed-tech Startup I speak with Eyitayo Ogunmola, the CEO of Utiva, an education service for Africans and people of colour entering the tech industry. 33. #FoundersConnect: Interview with Yanmo Omorogbe, Co-Founder of Invest Bamboo Peace interviews Yanmo Omorogbe, Co-founder of Invest Bamboo, on her "accidental" journey into entrepreneurship, running Bamboo and biggest wins and lessons. 34. #FoundersConnect with Tito Ovia, Cofounder of Helium Health (#1 Health-Tech Provider in Africa) Peace speaks with Tito Ovia, co-founder of Helium Health, a health-tech provider in Nigeria set to digitize hospital processes within the continent. 35. #FoundersConnect: Odun Eweniyi, Co-Founder of Piggyvest, Africa's Top Savings App Odun Eweniyi, coFounder of Piggyvest, FirstCheck Africa and the Feminist Coalition shares her journey with me. 36. #FoundersConnect: How Preston Ideh is building Africa's Largest Intelligence Startup, Stears. Interview with Preston Ideh, CEO and Co-founder of Stears. 37. #FoundersConnect (Music): Rebecca Inyang Junaid Founder of JustJoJo (Music Publishing) A conversation with Rebecca Inyang Junaid, Founder of JustJojo Entertainment, a music agency based in the UK on career, life and experiences. 38. #FoundersConnect: Chimezie Emewulu, Co-Founder and MD of Seamfix Limited. Conversation with an OG Founder, Chimezie Emewulu, Co-founder and CEO of Seamfix. 39. FoundersConnect: Interview with Kelvin Umechukwu, CEO and co-Founder of Bumpa Kelvin Umechukwu, CEO of Bumpa,  shares his journey into entrepreneurship and the role of community in effecting change. 40. How Kuda Bank Grew From Zero to Millions of Users Peace interviews Bradley Want, the VP  of Growth at Kuda Bank. 41. #FoundersConnect: Interview with Michael 'Trojan' Okoh - Co-founder and CTO, ThePeer 22-year old Founder of ThePeer, Michael Trojan Okoh, shares his story with me. 42. #FoundersConnect: Mariam Jimoh, CEO & Founder of Oja (Ethnic Grocery Delivery Startup) Peace speaks with Mariam about her grocery startup for afrocarribean people living in the diaspora. 43. #FoundersConnect with Ben Eluan, Co-Founder/ CEO of Flux Peace interviews Ben Eluan, co-founder and CEO of Flux, a crypto remittance startup built to help individuals and merchants make transactions globally. 44. #FoundersConnect: How Erika Brodnock, Founder of Kami, Uses Tech to Improve the Lives of Families Peace speaks with Erika Brodnock, Founder of Kami app. 45. #FoundersConnect: Ameyaw Debrah, the Founder of Ameyawdebrah.com | Ghanaian Celebrity Blogger Peace has a conversation with Ameyaw Debrah, Ghanaian celebrity blogger and founder of Ameyawdebrah.com, a lifestyle news blog about media, his life, and more. 46. #FoundersConnect: Abdul Hassan, CEO & Founder of Mono, Backed by Ycombinator #FoundersConnect: Abdul Hassan, CEO & Founder of Mono, Backed by Ycombinator 47. #FoundersConnect - Interview with Rodney Jackson-Cole, Cofounder and CTO at Prospa (YC W21) Rodney Jackson-Cole is the CTO of Prospa, a company set out to aid African entrepreneurs. Peace finds out more about his mission and journey in this episode. 48. #FoundersConnect: Tosin Faniro-Dada, MD /CEO of Endeavor (Nigeria) Peace has a conversation with Tosin Faniro-Dada, the MD & CEO of Endeavor in Nigeria, about her career and her passion for helping entrepreneurs. 49. #FoundersConnect: Moe Odele - Tech Lawyer, Human Rights Advocate & Travel Enthusiast Peace speaks to Moe "Moechievous" Odele, about her life and career, growing up in a polygamous family, studying law and finding tech law. 50. Yele Bademosi, Founder of Bundle Africa, Talks About Tech Entrepreneurship Peace speaks with Yele Bademosi, founder of Bundle Africa, Microtraction and co-Founder of Nestcoin, in a lengthy and elucidating interview. 51. #FoundersConnect: Kennedy Ekezie-Joseph, CEO of Kippa, a Company Helping Small businesses Grow. I have a conversation with Kippa's CEO & Co-Founder, Kennedy Ekezie-Joseph. 52. #FoundersConnect: Adia Sowho, CMO of MTN Nigeria Peace speaks with Adia Sowho, CMO of MTN Nigeria, on her life and journey. This interview is one you definitely should not miss! 53. #FoundersConnect: Ben Lyon, CEO and CoFounder of Stax, an Offline Payment App for Africans Conversation with Ben Lyon of Hover Developer Services, the parent company of Stax, a simple way to carry out payment services without internet or USSD codes. 54. The Founder & CEO of Kudigo Talks About Tech Startups in Ghana Peace interviews Kingsley Abrokwah, serial entrepreneur and founder of Kudigo, a software solution for retail businesses in Africa. 55. #FoundersConnect: How Kemi Olawoye Is Building BabyMigo, Nigeria's Largest Parenting Community Kemi shares her journey building Babymigo, Nigeria's largest Parenting Community 56. #FoundersConnect: Babajide Duroshola, General Manager at M-KOPA & ex-Country Director, SafeBoda (NG) I speak with Babajide Duroshola, the General Manager at M-Kopa with years of experience managing startups about his journey and work. 57. #FoundersConnect: Tomiwa Aladekomo, The Man behind Big Cabal Media (Techcabal & Zikoko) Peace speaks with Tomiwa Aladekomo, CEO of BigCabal, the parent company of Zikoko, a media company that creates content for African youth, and TechCabal. 58. Interview with the Founder of Money Africa: Financial Education, Investing, and More Peace interviews Oluwatosin Olaseinde, founder of Money Africa and Ladda on her journey as a startup founder, biggest life lessons and future plans. 59. #FoundersConnect: Godwin Tom, Serial Entrepreneur, Music Business Mogul & CEO of iMANAGE AFRICA Conversation with Godwin Tom, an expert in music management and CEO of iMANAGE Africa on his journey, his work, and the future. 60. #FoundersConnect - Ized Uanikhehi, CEO of Loose Media, and Her Advice for Tech Marketers Peace interviews Ized Uanikhehi, Media professional and CEO of Loose Media on her journey, experiences and advice. 61. #FoundersConnect: Bunmi Akinyemiju, Partner at GreenHouse Capital, Former CEO Venture Garden Group I speak with Bunmi Akinyemiju, one of the biggest investors in the African startup space, and Founding Partner at GreenHouse Capital. Thank you for checking out the 61 most read stories about Founders Connect on HackerNoon. to find the most read stories about any technology. Visit the /Learn Repo

61 Stories To Learn About Founders Connect

The Art of Trading Attention: Your Path to eCommerce Glory

ট্রেডিং শিল্প মনোযোগ: ইকমার্স গৌরব আপনার পথ

Die Kunst, Aufmerksamkeit zu erregen: Ihr Weg zum E-Commerce-Ruhm

El arte de la atención comercial: su camino hacia la gloria del comercio electrónico

L'art de trader l'attention : votre chemin vers la gloire du commerce électronique

ट्रेडिंग अटेंशन की कला: ईकामर्स ग्लोरी के लिए आपका पथ

注目の取引術: e コマースの栄光への道

주의를 기울이는 기술: 전자상거래의 영광을 향한 길

A arte de negociar atenção: seu caminho para a glória do comércio eletrônico

Ticaret Sanatı Dikkat: E-Ticaret Zaferine Giden Yol

Nghệ thuật giao dịch Chú ý: Con đường dẫn đến vinh quang thương mại điện tử của bạn

交易注意力的艺术：通往电子商务荣耀之路

The discussion of Artificial Intelligence (AI) has become so prevalent that every sector is now informed of its existence. Over the years, technology has been a major driving force in growing and developing human work states and engagements. With various examples of newly developed AI, the adoption of this digital revolution has become so paramount to everyone. However, an important question I have amid all these is, “how will AI help developing Third World countries?” It is important to first examine what third-world countries are before delving into the ways in which AI can help them better. In light of this, let us consider what third-world countries are; hence, what are third-world countries? The term third-world countries can be traced to the era of the Cold War between the East and West Bloc between 1947 and 1991. This term was originally used to refer to countries that were not aligned with either the Capitalist World or the Communist World. However, defining third-world countries can be challenging, as the term has evolved over time and can have different meanings depending on the context. According to Amartya Sen, a Nobel Prize-winning economist, "The Third World refers to countries that have relatively low levels of living standards, which makes them poor and backward, and that have been unable to close the gap with the industrialized world." According to the , third-world countries are countries that are characterized by;’ Corporate Finance Institue High rates of poverty Economic and/or political instability High mortality rates Hence, by considering these three pointers, third-world countries can, however, be regarded as either underdeveloped or developing countries, which then further resonates with the question of how an advanced technological revolution can also function in a developing country. In an article by the in 2020, the authors noted; new technology risks widening the gap between rich and poor countries by shifting more investment to advanced economies where automation is already established. This could, in turn, have negative consequences for jobs in developing countries by threatening to replace rather than complement their growing labor force, which has traditionally provided an advantage to less developed economies. To prevent this growing divergence, policymakers in developing economies will need to take actions to raise productivity and improve skills among workers.’ International Monetary Fund However, despite this economic argument of development regarding third-world countries, according to IMF, there are still some ways in which AI can help develop third-world countries, and these sectors will be properly considered in the subsequent paragraphs. How AI Will Contribute to the Growth of Developing Countries The impact of Artificial Intelligence can be felt in various sectors in Third World countries, and some of these are: Healthcare Sector One area where AI can have a significant impact on Third World countries is in healthcare. AI-powered diagnostic tools and predictive models can help doctors and healthcare workers diagnose and treat diseases more accurately and efficiently. For example, AI algorithms can be used to identify early warning signs of diseases like cancer and diabetes, allowing for earlier interventions and potentially better health outcomes. In addition, AI-powered telemedicine platforms can help connect patients in remote or underserved areas with healthcare professionals, improving access to healthcare for those who need it most. Education Sector Another area where AI can help develop Third World countries is education. Education is a very big stage for AI impact in the Third World countries, especially with the rise in education percentage. Hence, options like AI-powered tutoring and learning platforms can provide personalized learning experiences for students, helping to bridge the education gap in areas with limited resources or poorly functioning educational systems. Additionally, AI can help identify students who are at risk of falling behind or dropping out, allowing teachers and administrators to intervene and provide additional support as needed. For instance, in South Africa, , an AI study buddy, is helping students learn faster. Foondamate Agricultural Sector In agriculture, AI can help farmers increase crop yields and improve food security. AI-powered predictive models can provide insights into weather patterns, soil quality, and pest infestations, allowing farmers to make more informed decisions about when to plant and harvest crops. AI-powered drones can also be used to monitor crop growth and identify areas that require additional water or fertilizer, potentially increasing yields and reducing waste. Financial Sector In addition, AI can help Third World countries overcome barriers to financial inclusion. AI-powered credit scoring models can help lenders assess creditworthiness and provide loans to individuals and small businesses that might otherwise be excluded from the traditional financial system. AI-powered chatbots and customer service platforms can also help improve access to financial services for those who are unbanked or underbanked. In Nigeria, various FinTech companies have risen to prominence, such as , , , , and others, all in response to the lapses created in the traditional banking systems. Sanwo Flutterwave Opay Cowrywise In 2021, the published that ‘Artificial intelligence (AI) could expand Africa’s economy by a staggering US$1.5 trillion – about 50% of its current gross domestic product – if it could only capture 10% of the fast-growing AI market, set to reach US$15.7 trillion by 2030, a new report has pointed out.’ With these progressive percentages, AI can help grow Africa, being the continent with the highest developing countries. Likewise, , in their 2022 report, shows an improving number of AI-centralised companies in Africa. University World News, Africa Education Quartz Conclusion In conclusion, AI presents a tremendous opportunity for developing countries to leapfrog their economies and improve the well-being of their populations. From healthcare and education to agriculture and infrastructure, AI has the potential to revolutionize the way developing countries approach their most pressing challenges. However, realizing the full potential of AI in these contexts will require a concerted effort from governments, private sector actors, and civil society to ensure that the benefits of AI are shared widely and equitably. By investing in AI research and development, building digital infrastructure, and prioritizing ethical and inclusive approaches to AI deployment, developing countries can position themselves to harness the transformative power of AI and build a more prosperous and equitable future for all.

How Will AI Help Developed Third World Countries?

You are no dummy. You just haven't found the right person to explain web3 simply. Web3 is still as new to the world as a year-old baby, so you don't have much to worry about yet. Additionally, there is no precise definition for web3 yet it is still based on the speculations and opinions of many. — But to better imagine web3, you must know that the world implemented Web 1.0 (The first generation of the Internet) earlier and currently uses Web 2.0 (the second generation of the Internet). You can imagine that web3 will be called the third or future generation of internet. The web is similar to the ’s iPhone1 to iPhone 14, where with each release, there was an advancement in the products. Each web generation has its unique characteristics but its successor will have more advanced features. Apple It took a very long time (over ten years) for the web to transition from Web 1.0 to Web 2.0, so it is expected to take at least that much time to fully transition from Web 2.0 to Web 3.0. Web 3.0 is coming; why should you be concerned? Find out in this article as I take you through Web 1.0, Web 2.0, to Web 3.0 and their importance. Who is the article for? The following set of people will find this article useful: This article is for you if you have no clue what Web 3.0 is but are somewhat interested in it. If you want to break into tech, a path with less competition and new to the market, you might want to dive into Web 3.0. If you are already into blockchain technology and would like to know the in Web 3.0. role of blockchain Now that you know who the article is for, let’s go to the next section. Web 1.0 and its key characteristics To understand Web 3.0 better, we must travel back in time. Web 1.0, also known as the static web, is the first generation of the World Wide Web evolution (1989 to 2005). The essential characteristic of this era was that it had static web pages, as there was no interaction with the web. You can create content and upload it to a social media network in today’s world. However, during the Web 1.0 era, you could only consume information. At that time, there were only a few content creators and more informed consumers. No login detail was required, interaction with posts, viewing analytics, and ads. Imagine if Web 2.0 was not established yet; many of us would still be trying to find our paths. Technology is a lifesaver. Think of Web 1.0 as having an interface that uses only text and is read-only. Key characteristics of Web 1.0 Users are primarily consumers (i.e., users can't share their content). No interaction with the web. No ads when surfing the Internet. Thanks to development in skills and knowledge, we now have Web 2.0. Web 2.0 and its key characteristics Web 2.0, also known as the dynamic web, is the second generation of the World Wide Web evolution (2005 till present). In Web 1.0, users cannot share their content on the Internet, but in Web 2.0, they can share and check their . The rise of social media networks like Facebook, Twitter, Instagram, etc., enables sharing of content and makes the web interactive. content analytics In Web 2.0, we can get information from a webpage, and the web page would also obtain information (our data and interests) from us. We can refer to Web 2.0 as the age of targetted advertising and lack of users' privacy. Two persons can view the Instagram.com explore page and see different contents because the contents are personalised to each person’s interests. The algorithm tracks your interests due to posts you have liked, shared, and commented on and the people you follow. There is also a rise in content creators who can share their content in any form (i.e., written, audio, video, or imagery).  Although Web 2.0 allowed for more interaction on the web, the following are a few cons to web 2.0: Web 2.0 is controlled by big companies like Google and Facebook, making the web less secure. Users generate content on these platforms but don’t get rewarded for them. For example, social networks are powered by user-generated content; as a result, more people use them, and their data is collected. The companies use the collated data to make money by selling them through ads. Plagiarism and fake information are one of the challenges faced in Web 2.0. A considerable amount of storage space and bandwidth is consumed in Web 2.0. Key characteristics of web 2.0 Its user's data is used as a commodity. Web 2.0 uses a dynamic web page to create an interactive user environment. It is a centralised system controlled by a few companies. The intense rise of mobile applications and social media networks characterises it. All of the cons of Web 2.0 bring about the advent of Web 3.0. Web 3.0 and its key characteristics Web 3.0, also known as the decentralised web, is the future internet generation. Unlike Web 2.0, where a few big companies control the centralised server, Web 3.0 is predicted to be decentralised and based on blockchain technology. In Web 3.0, it is predicted that you will ultimately control your data, unlike in Web 2.0, where there is little protection for your privacy. Also, in Web 3.0, your data or content isn’t stored on a centralised server. Instead, it is stored in several nodes on a blockchain. For , SteemIt is the web3 alternative to Reddit. However, unlike Reddit, where content is uploaded to the Reddits' server, the user’s content is hosted on the Steem blockchain and stored in several nodes to help creators monetise their content. example As a content creator who would like to move to web3, should be your go-to guide. Examples of other Web 3.0 technology apps in development include: the content creator’s roadmap to web3 in 2023 Sapien (Web 3.0 alternative to Facebook) Odysee (Web 3.0 alternative to Youtube) Filecoin (Web 3.0 alternative to Dropbox) Key characteristics and benefits of Web 3.0 Decentralised data and applications Today, web developers build applications that are hosted on one server. For example, every content published on Medium is hosted on medium.com. During the Web 3.0 era, you will call apps - dapps (decentralised apps) because they will be hosted on Blockchains or Decentralized networks of numerous peer-to-peer nodes. Dapps are the future and will be mainstream before you know it. Decentralisation here means that power is taken from a central authority (in this case means, Facebook and Google) to those with the highest tokens. Note: Trustless and permissionless blockchain Trustless in this scenario means there is a convenient data exchange between two nodes, and there is no authority regulating the flow of information between the two endpoints. A third party isn't needed when a transaction between two parties. For example, there are two types of exchanges; centralised and decentralised exchanges. An example of a decentralised exchange is Uniswap which can allow two strangers to swap their tokens even though they don’t know each other. It’s possible through atomic swapping, which involves using a smart contract to regulate the transaction between strangers Permissionless here means you can use (access or contribute) the Internet without taking permission from centralised authorities like Facebook or Google. Borderless system In Web 2.0, a single centralised authority such as Facebook or Google is the only one with control over their application. Users can't get the application code without authorisation from these companies. However, Web 3.0 is self-governing; it is ruled by users who contribute to its maintenance and improvement. Easy payment The fintech companies like Stripe, Paypal, Flutterwave, etc., try to make the payment process seamless and easy, but it isn't wholly smooth yet. Web 3.0 is important because it is predicted that payments will become genuinely borderless. You won’t need to input so many details as in Web 2.0 before making payments. Crypto networks (i.e., Solana) will facilitate payment transactions with slight delays and close to zero charges. Identity With Web 3.0, you do not have to provide as much personal information as you do with Web 2.0. You might also be able to control your identity information tied to an app. For example, you can separate your digital identity from your real-world identity. You can download from the Internet or make purchases without them being traced to you. If you keep using the same address for the same apps, you don’t need to input your details every time, as your details transfer smoothly across apps. Semantic web The semantic web is a property of Web 3.0 that improves the technologies used in Web 2.0. It allows accessible data sharing across numerous platforms, systems, and community boundaries. In the era of Web 3.0, we will be able to connect, share and enjoy the Internet like never before. In Web 2.0, you still type several queries onto the search engine (i.e., Google) that you may not find an answer to. However, with Web 3.0, you may be able to personalise your search. You can ask the search engine something as personal as 'what can I eat today’s afternoon?’. Machines would be able to read and use information just like humans. Governed by DAOs (Decentralized Autonomous Organizations) It is predicted that DAOs will every company. It means there would be no CEOs or presidents to impress. The decision-makers would be those with the highest tokens. There would be no censorship from any company like Twitter or Instagram when you post content. Web 3.0 seems to be an advocate of freedom of speech. run Other characteristics include: Web 3.0 users are contributors. The system of decentralisation allows for users' data and security. The downsides of Web 3.0 No control over hate content posted. It would take a massive amount of learning as only a few people have a knowledge base in the blockchain. Less advanced devices may not be able to operate Web 3.0 technology. Bonus: Web 3.0 career paths Below are career paths you can try in web 3.0 Web 3.0 designer. Web 3.0 developer. Web 3.0/blockchain technical writer like I am doing now. The great news is that you can start now because it will take time for web 3.0 to be fully implemented. Conclusion In this article, you have learned the basics of Web 3.0 with a bit of history. You may wonder what happens to the companies built around web 2.0 technologies; we will find out. What web 3.0, NFT, or crypto topic would you like to learn? Could you share it with me? Also published . here

The One Web 3.0 Guide to Rule 'em All

Love at first sight, , now known as Meta, has fallen for the hidden beauty of Africa. Could it be true love or are we witnessing a twist of fate? Facebook The African tech ecosystem is rising to the limelight; we witnessed its best year ever when it raised over last year. $5.2 billion The adoption of the internet in Africa has increased drastically over the last decade and one can argue that Meta has contributed immensely to that growth. Thoughts sprang through my mind; why is Meta so interested in Africa? Why do they keep innovating products and services to suit the most “undeveloped” continent? In this article, we will take a brief look at some key breakout moments in Africa’s tech ecosystem and Meta’s impact in those moments, and explain its dominance in the continent. THE GENESIS The African tech ecosystem has experienced slow but incremental growth over the years. In 2007, Kenyan telecom, Safaricom, launched , a product I called the “Mother of Fintech in Africa”. The product helped launch people with access to mobile phones right over brick-and-mortar banking into the digital economy, the first of its kind on the continent. Pesa Mobile Money wasn't just a groundbreaking success; it also helped carve the booming fintech industry in Africa today, inspiring young generations of entrepreneurs. Pesa Mobile Money Fast-forward to 2014. There was another leap in the ecosystem when was founded. Andela The company aimed to build infrastructures to help young people in Africa thrive in the digital economy. It built hubs in Nigeria, Kenya, Rwanda, and Uganda to source, vet, and train engineers to become part of remote teams across the globe. Andela gave the continent international exposure, securing over in funding from series D, from both local and international investment ventures. $ 400M 2016 was when things started to really take shape. Internet usage in the continent increased drastically by ,  E-commerce giant became Africa's first unicorn, and Andela, and other tech companies, received funding from foreign investors. , a unicorn, was also founded in 2016 and today it is the most valuable startup in Africa worth over . 8% Jumia Flutterwave $3B ZUCKERBERG EFFECT On Mark Zuckerberg made a surprise visit to the Sub-Saharan African region for the first time, a visit worth remembering for every tech lover on the continent. August 30th, 2016 During his stay, he visited local businesses and his aim was to “ better support tech development and entrepreneurship across Africa”  Meta said in a statement. Shortly before the visit, Meta launched its FreeBasics in the continent, a service that partnered with mobile service providers to allow users access to curated websites including Meta (Facebook). I used this service a lot and can tell you that it has really helped people without an internet connection, but despite the enormous benefits, could there be an additional cost? Mark Zuckerberg also invested $24m in Andela during that same period. The investment was led by the , a company launched by him and his wife, Precilllia Chan to “advance human potential and promote equality’’. They recently invested in another African start-up, a Kenyan-based agri-tech company Apollo Agriculture. Chan Zuckerberg Initiative $40m Zuckerberg's visit played a pivotal role in the tech ecosystem we have today in Africa. DIGITAL COLONIALISM I’ve never thought these words existed together until this day. A released by the Michigan Journal of Race and Law referred to digital colonization as a modern-day . Where large-scale companies extract, analyze and own user data for profit and market influence with nominal benefit to the data source. After Meta launched internet.org (later renamed Free Basics) in 2013, they came under huge criticism for “opposing the principles of Net Neutrality” after failed attempts to launch the service in India. was later banned in India on the allegation of Prohibiting discriminatory tariffs for data services regulation. publication “scramble for Africa” Free Basics Meta’s Free Basics contributed to the speedy growth of the internet, and also the use of Facebook across Africa. Before I uninstalled the Facebook app from my mobile phone, I would literally open Facebook at least once every 15 minutes, no matter where I was or what I was doing. Facebook has over 245 million users on the continent and all our data is at the mercy of Mark Zuckerberg. Well, I am not surprised; as a digital marketer, I've discovered how effective Facebook ads are on the continent. Just select your targeted audience and boom! You get results upon results, I am guessing you already know why. Developed countries may have set up data protection laws, but it's not the same in Africa. Only a few African countries know enough about it to implement laws restricting data theft. THE REVELATION No doubt, Meta has the most used tech products in Africa today. People literally live and breathe Facebook, Instagram, and WhatsApp, documenting their entire lives and consuming content every minute. Have you ever wondered why Meta as a company doesn't declare revenue individually from certain regions unless merged with others? If they do, you’ll be amazed. The African market is fully untapped, many are aware, but few are taking action. As businesses continue to spring up in Africa, Meta will continue to reap the “fruits of its labor”, because reaching potential customers through digital marketing, entails leveraging  platforms where they can be found. Many tech companies choose to “neglect” the African market, restricting their services from the region, either because of infrastructure barriers or bad government, but Meta has chosen to innovate, connecting the world together irrespective of barriers. As the company drives towards the establishment of its metaverse, it still has the African market in its plans. The company recently launched a campaign to educate Africans about the metaverse and despite the allegation of “Digital Colonialism”, I believe people should make decisions in their best interest. If you feel you are being colonized by a piece of tech, then stop being colonized by limiting usage time and personal information shared. #metaverseinAfrica It seems Meta Will continue in its relentless pursuit to “ ” but will Its love for Africa continue to grow? give people the power to build community and bring the world closer together Let's keep our fingers crossed as we watch the drama unfold.

Meta & Africa: A True Love Story or an Attempt at Monopoly?

Meta y África: ¿una verdadera historia de amor o un intento de monopolio?

Meta & Africa : une véritable histoire d'amour ou une tentative de monopole ?

मेटा एंड अफ्रीका: एक सच्ची प्रेम कहानी या एकाधिकार का प्रयास?

メタとアフリカ: 真のラブ ストーリーか、独占への試みか?

Meta & Africa: Uma verdadeira história de amor ou uma tentativa de monopólio?

Meta & Africa: Chuyện tình có thật hay cố gắng độc quyền?

元与非洲：真实的爱情故事还是垄断的尝试？

Web3 in central Africa When one speaks of Web3 and where its innovation of it comes from, they would solemnly mention any African country let alone central Africa. We do not hear much about Web3 from Africa. When we do it usually concerns west Africa, specifically Nigeria with their new startup unicorns such as flutter wave. If not west Africa then East Africa, specifically Kenya, and their mobile banking takeover and recent cryptocurrency-buying trend. If not Nigeria or Kenya, then surely South Africa as it has more web3-based startups, although none reached unicorn status yet. When we think of the applications of Web3 in Africa such as cryptocurrencies, decentralized finance ( ), Non-Fungible Tokens ( ), or blockchain technology, either one or all, we don’t think of central Africa. Why not? DeFi NFTs The countries which are in the central Africa area such as the Democratic Republic of Congo, Chad, Cameroon, Gabon, etc are almost all unstable. Mostly due to internal and external warfare with different militia groups. Central African Republic ( ) is no exception to this rule. It has been in a civil war that has splintered the nation into bits and pieces. CAR The formal democratically elected government has only recently, as last year, get a hold of most of their country once again. You might see the devastation that has been left in the Central African Republic and ask let’s explore this. “How bad is the devastation? How does it correlate with web3?” Central African Republic is ranked countries on the human development index ( ). What does that mean? It means they are completely behind the rest of the world on all metrics of progress. They have a small population of people and natural minerals worth more than . Yet have an annual GDP of . “How bad is the devastation?” 188 out of 189 HDI 5 million 3 trillion dollars 2 billion USD They do not have enough money to jump-start their economy after its devastation. Not enough money to start mining their own resources to make more money either. To get this money a country would take monetary aid but that creates a culture of co-dependence and obedience. How about loans? the amount of money they’d need to borrow would make the loan improbable to pay back for a very long time. Stick to small-scale farming of needed produce? that would boost their economy but not enough to pull them up as quickly as they need it. Then what are they planning to do? They took a risk and are now making a groundbreaking leap in the ways of Web3! What is the Sango Project? ** ** The Sango project is definitely an interesting Web3 prospect. They even legalized bitcoin as legal tender just before the announcement of the project because of its Web3 nature. But what exactly is it and how will it help the people of the CAR? In the words of , the president of CAR himself Faustin-Archange Touadéra “A common cryptocurrency and an integrated capital market that could stimulate commerce and sustain growth”. Even if he said this, what does the project offer that warrants investment or interest? (or Sango). This makes it a cryptocurrency-backed stable coin. This also means that the Sango project’s Web3 blockchain activity will be run on a side-chain of the main bitcoin blockchain network and utilize the Proof-of-Work ( )consensus protocol. A digital currency backed by bitcoin named Sango coin PoW . This ensures the strength of bitcoin by providing scarcity and showing the practicality of cryptocurrency usage, especially in governmental institutions. The country treasury will have a dedicated bitcoin reserve . This creates equal voting opportunities for all citizens and could be considered the epitome of a democratic-libertarian voting system as it is done on a secure blockchain which ensures safety and fairness. Future voting for particular topics or subjects will be voted on by the citizens of CAR through a Decentralized Autonomous Organization (DAO) . This means the Sango coin is not just backed by bitcoin but also backed by the country and resources themselves! This is because cryptocurrency leverages everything in the country. From the people to the resources and to the services offered, all these are benefits only citizens have. As a bonus, this action will also ensure stability during crypto-market fluctuations! One is able to attain citizenship to CAR by buying a fixed amount of Sango coins . This residency is meant for businesses. By buying fixed residency you get income tax from any cryptocurrencies for the business on the property. You get online company registration in CAR. You also receive a private app that helps with asset management for both individuals and businesses. This strategy reduces overall bureaucracy which saves time and effort, which is important in the Web3 space. The nature of this approach really favors digital and tech entrepreneurs the most. Fixed residency can be obtained by buying a fixed amount of Sango coins 0% . Whatever real plot is bought and held by the user, the Metaverse replica of the plot will copy the look with a 1:1 representation. Each plot is in the extended Crypto City which is an extension of the capital of Bangui. You get full access to the Metaverse and plot through the Metaverse Sango app! CAR wishes to decentralize the land and property of the country To summarise all the points in an easily digestible manner. The Sango project is the world’s first wide-scale Web 3 governmental project. It allows buying of land in a Metaverse reflecting real-life land. Allows usage of a government-backed cryptocurrency coin pegged to the bitcoin, which by buying you can attain citizenship or working rights for your business as well as have an equal say in open governmental endeavors through a DAO. Why would they do this? Originally we said that the Sango Project is, by nature, a project which is being used by the CAR government to get as much investment back in the country by leveraging the resources. They are not just doing this because cryptocurrencies will be the new currencies of the future or even because of all the hype around NFTs, the Metaverse, and other Web3-related matters. They also see the future as Web3 based, that the future of governance is decentralized and blockchain-based! They are setting a precedent in technological innovation and they want their shattered country to reconcile over the now great tangible future it can produce. For the foreseeable future, they are looking at great challenges. Not from the inception of the blockchain technology or the cryptocurrency technology per se, but to get their own people to invest in the project. Why would this be hard? Here is a short list of current problems they face: They are surrounded by countries that have an implicit ban on cryptocurrencies, NFTs, Metaverse technology, or anything to do with Web3. directly They are surrounded by other war-torn countries which makes the environment for Foreign Direct Investment ( ) very harsh and scary with, most likely, little to no return rate for traditional business ventures. FDI Only of the population has access to electricity. This means endeavors such as crypto mining or Web3 development or any industry which needs vast amounts of electricity input are almost completely hampered. 3% Only of those with access to electricity have access to the internet. This means that currently in CAR there are only who can potentially join the web3 space. However, to be realistic, the amount of people who can afford to get into the IT industry and support the Sango Project or other cryptocurrencies or the Metaverse is probably less than 5000 of that 483,000. 10% 483,000 people We now know exactly what the ambition of web3 in central Africa is through the Sango project. We know the obstacles facing cryptocurrency adoption, Metaverse adoption, and Web3 expansion of CAR. Should the Sango project be continued? Should CAR stop its progress and label it a meaningless pursuit? . CAR should go on to support the Sango project and continue until the project is done. Why? Because the Sango project is their best chance to finally step onto the world stage and get the means to improve their lives whilst also propelling the world forward in the most important way. No Through decentralized governmental systems in Web3 and cryptocurrency and Metaverse innovations that can propel its country and the region as a whole forward. The magnitude of the Sango project can not be understated or underestimated in terms of the effect it will have on the world of Web3 and decentralization. A country with almost nothing to lose trying to gain everything it can through Web3. This is definitely something to keep our eyes on for the next few years!

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