Africa has problems.
Most responses were saying the problem is not colonialism.
The explanation says the problem is education.
You fix education and all the attendant issues go away.
If the problem was colonialism, it would have ended when colonialism ended.
But because the problem is education, even when colonialism ended it didn’t end.
At Zubacx, we grow by investing in people & partnerships 🌍✨
From Aug 25–29, our team trained with
@wavetec to master:
1. After-sales support
2. Product flows & features
3. Sales acceleration & OMS growth
4. Live system configuration
#Zubacx#AfricaTech#Wavetec
BREAKING: Benin, Seychelles, Rwanda, and The Gambia maintain top position as the only fully visa-free countries for all Africans.
Kenya ranks near the bottom of countries in Africa Visa Openness Index 2024. The ETA is a visa and it made it harder to visit, not easier
Zubacx is excited to announce the strategic partnership with Pan-African Payment and Settlement System (PAPSS) to undertake the integration of African banks into PAPSS System for enhanced interconnectivity between commercial banks in Africa.
A 100-million passenger mega airport to be built by Ethiopian Airlines (ET) at a low altitude location in Bishoftu, 30 miles from #Ethiopia’s capita Addis Abeba. Via: @AviationWeek#Kenya#Nigeria#SouthAfrica
The $6 billion airport will be amongst the 10 largest in the world and replace ET’s current global hub Bole airport (ADD), which was expanded just four years ago to handle up-to 25 million but in the next few years it will far exceed its capacity due to ET’s significant rapid growth.
#Riyadh | During the Saudi-Arab-African Economic Forum, #SFD signed today, 14 development loan agreements with 12 African ministers, worth over SR 2 billion and a MoU
For anyone looking for a reference point on the market size of digital payments in #Ethiopia, know that Commercial Bank alone processed 750 million transactions valued at Birr 3 trillion through digital channels last year.
- 2.4 trillion birr via mobile banking
- 308 billion birr via ATM
- 260 billion birr via Internet banking
- 19 billion birr via CBE Birr
- 17 billion via POS transactions.
#DFS #Ethiopia
In case you missed it, this is what to expect from the upcoming Rwanda Startup Act:
1. Zero-rated PAYE up to Rwf1 million
This reduces the cost to startups of employing talent, meaning that PAYE (Pay As You Earn) is charged at 0% for a portion of salary less than Rwf1 million.
2. Accelerated depreciation (100% per year)
Using accelerated depreciation allows startups to fully account for expenditure on research and development and asset acquisition, which, in the long run, reduces corporate income tax (CIT) obligations.
3. VAT and CIT taxes exempted
The Startup Act proposes to exempt players in the ecosystem from paying value-added tax for 5 years.
4. Credit guarantee scheme
This provides more access to credit for startups.
5. Intellectual property support
According to the Act, this provides technical support to acquiring trademarks and patents to support startups to monetize their innovation.
6. Seed innovation fund
Provides initial working capital for startups and makes it easier to attract investments.
7. Immigration incentives
To attract more international talent to the Rwandan startup ecosystem.
8. Leave for the creation of startups
Encourages startup creation by minimizing risks for founders in case the startup fails.
9. Exemption from the payment of tax on shares
Exemption of all taxes chargeable on shares owned by startup founders and employees.
https://t.co/Slu1qwpIpU
“There is certainly a very negative feeling about the interference of foreign powers in African politics. It doesn’t matter whether it comes from France, the United States, the United Kingdom or Belgium. There is a real rejection of this attitude…”
https://t.co/oHb75fXV6V