For millions of informal workers in Central Africa, earning money isn’t the problem. Getting a loan is. This week in Francophone Weekly, we look at how Cameroonian startup BEE is using motorcycles and other everyday assets to help informal workers get formal credit.
Meanwhile, Nigeria wants the government to become a much bigger customer of local cloud infrastructure. Its new cloud policy makes cloud the default for government systems and sets out how ministries, departments, and agencies (MDAs) will buy cloud services, where sensitive data can be stored, and how the government plans to attract $750 million in private investment into the sector over two years.
Become smarter about tech and commerce in Francophone Africa, and the policies shaping them. Read previous editions here first and subscribe below.
Standard Bank Group, South Africa’s largest lender with a market cap of R534 billion ($33 billion), is in talks to acquire a stake in Chinese-backed OPay, ahead of the fintech’s planned initial public offering (IPO) in the United States, where it is seeking a $4 billion valuation.
Originally published by TechCabal.