Welcome to the new edition of the Big 5 Daily!
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Big news! A report by the GSMA has revealed that Sub-Saharan Africa gained 50 million new mobile money accounts in 2019. This development retained the region’s status as the biggest mobile money region in the world.
Next, Jumia’s major investor, Rocket Internet has exited the company. The investor left after selling off its 11% stake in the company.
See also: The Big 5 Daily: 3rd April, 2020
Guess what? TaxTim, a fintech startup based in South Africa has expanded to Nigeria. The platform has also partnered with PWC in a bid to offer virtual tax assistance to its clients.
Also, PayTV company, StarTimes is unveiling a home-schooling program for its Kenyan customers. The program will suffice in keeping students up to date amid the global pandemic.
Finally, Safaricom has launched Bonga for Good initiative. It will leverage this initiative to provide customers with Bonga Points, which will help them pay for essential goods and services.
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Enjoy your Monday!