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Crypto – A solution to Intra-African trade in a post-covid world



The need for efficient intra-African trade is more prominent now than ever. A major reason for this is the invasion of the novel coronavirus which disrupted the status quo. Now, it wasn’t that the status quo was working as it should as we could see many African economies already struggling with incessant inflation and lack of drivers for growth even before the pandemic. However, with COVID-19, things got worse.

For instance, SMEs could no longer perform businesses smoothly because they relied on an existing model that made use of traditional channels powered by local fiat currencies. And if anything is known about the shortcomings of fiat especially within Africa, it is that regulations and tariffs are a major blocker for trade between African nations. Thus, the already existing flawed system collapsed under the weight of COVID-19.

In light of this, experts and global powers have identified trade as a crucial driver of growth for African economies seeing that it solves many problems particular to these nations, as well as promote a better relationship between the nations in terms of both exports and imports and human resources. This is why a number of regional/sub-regional organizations that were set up to facilitate smooth political and economic relations between African countries have recently focused on finding ways to facilitate intra-African trades.

A notable move was the establishment of the African Continental Free Trade Agreement (afCFTA) which aims to lower or eliminate tariffs on 90% of goods. While this is projected to improve intra-trade relations by 33%, certain issues with the existing model on which this trade will operate remains a critical cause of concern.

Trade in a post-covid Africa

With the world adjusting to the “new normal”, it is necessary to understand the implication on businesses and trades. For context, two things will be considered:

– The impact of COVID on transportation: For a while, everything was at a standstill in an effort to reduce the spread rate of the virus. This affected movements of people and goods. But the world soon learned to take precautions and things started returning to normal. However, what that meant was that extra care must now be taken where physical exchange of goods and even money was involved. While the export of raw materials from African nations and the import and redistribution of finished products were

previously placed on hold, now a well-structured transport system that accounts for the new reality has allowed the resumption of this exchange. This leaves the issue of money.

– The impact of COVID on financial transactions: Even before the pandemic, cross-border payment within Africa has been a major problem, mainly because of the cost of sending money and the time taken. Using traditional mediums to send money often incur huge transaction costs. For instance, sending money from Zambia to Senegal could incur over 10% of the money to be sent as transaction cost. The other part is the time taken to complete the transaction due to the intermediary checks processes, several days often pass before payment is received by the recipient.

In a 2019 report, more than half of Nigerians and South Africans said it took them more than a day to receive money transferred to them from within the continent. And, due to Covid, the exchange of physical cash is not really an option. Besides, a sender would need to convert the money to different currencies if they were a distributor with retailers in different countries. It just doesn’t make sense.

Part of the proposed solution to the absence of a unified currency is the creation of the African Central Bank which is to be completed by 2028. This institution will be responsible for the issuing of an official single currency for Africa. But the challenge with this plan is that the world is fast moving away from depending on fiat currencies because of the inefficiencies often associated with a central issuer.

In addition, there is a lack of trust within African governments that may impact the success of such an initiative. Furthermore, in the dawn of a fast-moving Africa where new businesses are being established, there is an urgent need for an effective way to trade goods.

A crypto-themed solution
The invention of blockchain technology, on which many cryptocurrencies operate (including bitcoin), inherently solves many of the problems facing intra-African trade. First, the decentralized nature of the blockchain has allowed bitcoin to be a natural global currency. This is because, without a central issuer, it can be accepted anywhere and its value will be recognized. Also, without a middleman to complete transactions, the cost and time to complete transactions are greatly reduced.

Perhaps more importantly, it eliminates the need for trust. How bitcoin does this is simple: trust is needed in a world where transparency and security are absent — blockchain provides both. The blockchain is a distributed ledger that secures money with cryptography and records all transactions openly so that it is near impossible to alter the record. This makes it possible for businesses and governments to engage in trade via a channel with almost instant payment resolution and cheaper transaction costs.

An added advantage is that cryptocurrencies are fully digital, so with everyone going cashless in a way to reduce the spread of COVID, bitcoin solves this without any additional cost.

A pan-African payment system
Without a doubt, cryptocurrencies provide a better solution to the stifled growth of trade within Africa. While bitcoin has been mainly used for speculation by financial traders, in recent months, it has gained popularity as a payment tool — for which it was originally designed. In Africa, there has been an increase in the number of monthly transfers with bitcoin, according to US blockchain research firm, Chainalysis, with most of the activities taking place in Nigeria, South Africa and Kenya.

Recently, financial technology has taken a foothold in Africa. These startups are aiding the sending and receiving of money for Africans in the wake of the flawed traditional systems. However, more prominent in the African financial space are cryptocurrency fintech companies that are aiding individuals and businesses to send cryptocurrencies like bitcoin within and outside Africa.

A major advantage of crypto fintech over other fintech is that they also aid seamless trade between African countries. This is done by allowing the purchase of bitcoin in one’s local currency and sending it to other parts of Africa where the recipient can instantly convert to their own currency. Particularly, a pan-African crypto exchange like Yellow Card also offers Over The Counter (OTC) trading desks to governmental organizations and big corporations which is a cost-effective means of conducting cross-border trades without delay.


Bitcoin is built to solve existing problems with cross-border payments within Africa. The adoption of bitcoin as a payment method by African governments and organizations can fast track the plan for a better Africa. With efforts already in place to improve trade relations between countries, using an already recognized global currency like bitcoin saves time, cost and friction between the players to make this a reality.


YANGO extols Women in Transport




Yango joined the global community in celebrating International Women’s Day (IWD) on March 8th, 2023, dubbed “DigitALL: Innovation and Technology for Gender Equality”. As part of the celebration, Yango invited several female drivers for a women’s day event that took place on Wednesday 8th March, in Lusaka at The Hub.

Yango Zambia Country Manager, Kabanda Chewe explained that the mobility app has provided equitable access to solutions that are relevant and necessary for people to advance into growth without bias, thus affording even women access to technology enabling them to enhance their progress across all service offers. Patricia Ncube, one of Yango’s female drivers explained how the app helped her financially within two months of signing up – “By the month two of signing on, I started getting more rides, making more money and soon became debt free. I have found it very interesting and empowering besides working for somebody else, it has really transformed my life”

This year’s theme emphasized the significance of identifying and addressing the exceptional challenges and experiences of women. Yango appreciates the effort it takes for these women to support the ride hailing service in a world dominated by men. Yango is pleased to have hosted an in person event for the remarkable women drivers. Happy International Women’s Day!

Yango, an international informational service for ordering rides online was launched in Zambia in 2022 on March 29. Today it successfully operates in Lusaka, Ndola and Kitwe helping facilitate a digital platform for local partners that provide affordable transportation for thousands of passengers every day. Yango has been operating mobility and delivery businesses in 20 countries across Europe, Central Asia, the Middle East and Africa since 2011.

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Will Nigeria Receive Full 5G Deployment in 2023?




According to reports, the deployment of 5G (the fifth-generation wireless mobile network) is close to happening in several more major Nigerian states, which means users will be able to start benefiting from the technology in 2023. Further 5G rollout will occur in other states from 2025.

Where is 5G currently available in Nigeria?

The 5G wireless mobile network is available in Abuja and Lagos. According to the Federal Government, throughout 2023, it will also soon be rolled out in Anambra, Rivers, Gombe, and Kaduna. This was revealed in the country’s National Policy on Fifth Generation Networks For Nigeria’s Digital Economy. The main cities where 5G is most likely to be rolled out over the coming months are Ibadan, Kano, Maiduguri, Owerri, and Port Harcourt.

What is 5G?

5G is the world’s newest and most advanced wireless mobile network after 1G, 2G, 3G, and 4G networks. The new global wireless standard was developed to connect today’s modern 5G-enabled devices, objects, robots and machines together like never before. It’s known for being up to 100 times faster than the current 4G wireless network, which is still prevalent in many parts of the world. 5G also comes with many benefits for the user.

5G cellular networks are creating new opportunities for individuals and businesses. In a nutshell, it’s a super-fast internet signal designed to meet the large growth in data and connectivity and improve the world as we know it.

What are the main benefits of 5G?

Some of the main benefits of 5G are the following:

  • 5G comes with extremely low latency (basically zero)
  • It provides a much more efficient and consistent user experience
  • It’s also a more reliable network
  • It can deliver higher multi-Gbps peak data speeds
  • 5G has a much broader network capacity
  • It will allow for the development of smart cities
  • It will improve autonomous car capabilities
  • More devices can connect to the 5G network
  • It brings with it the potential for new technologies
  • It’s a far more secure network


In other words, you will be able to do things like watch hours of your favourite ultra 4K high-definition Netflix shows without any annoying buffering. Additionally, you will be able to play your favourite casino games uninterrupted at any top online casino in ZM without having to worry about getting disconnected mid-way through placing a bet.

There’s nothing worse than trying to place a bet you know will win, only to lose connection just as you’re about to confirm the bet. This will no longer be a problem when you’re connected to the 5G wireless mobile network.

You will be able to download multiple files at the same time (big files) in a fraction of the time. Additionally, you will be able to play high-end, more graphically demanding mobile games, such as Cyberpunk 2077 or Assassin’s Creed: Valhalla, without suffering sticky animated sequences, all thanks to 5G. In short, it will improve almost everything you do from a smartphone or tablet device.

Which are the best 5G-ready mobile devices in 2023?

If you’re looking for a relatively affordable 5G-ready smartphone in 2023, you may want to consider investing in one of the following reliable devices before spending money on anything else. Some of today’s best 5G mobile devices include the following:

  • Motorola One 5G Ace – which has a great camera and impressive battery life
  • Apple iPhone SE 5G – One of the best 5G-ready mobile devices on the market today
  • Samsung Galaxy A14 5G – great all-round device and one of the best Samsung 5G-ready smartphones
  • Samsung Galaxy A53 5G – Samsung’s best 5G smartphone, which has amazing battery life, an awesome camera, and a fantastic screen
  • Google Pixel 6a – One of the best things about this 5G mobile device is its state-of-the-art camera
  • OnePlus Nord N200 5G – One of the most affordable 5G-ready mobile phones on the market today, which performs well on all levels
  • AT&T Fusion 5G – one of the cheapest 5G smartphones money can buy, and great for beginners who are new to smartphones


Which other African nations have already started rolling out 5G?

Tanzania was one of the latest African nations to have rolled out 5G in certain regions. 5G has also been rolled out in several other African countries, such as South Africa, Egypt, Botswana, Ethiopia, Madagascar, Gabon, Kenya, Uganda, Lesotho, and Zimbabwe.

It’s also expected to be rolled out in more African countries over the coming years. Some of the major mobile phone companies currently helping to expand 5G network coverage on the continent are MTN, Vodacom, Orange, and MTN.

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Yango makes contribution to road safety in Zambia: New technology launched




Yango, an international ride-hailing service, has today launched in Zambia, a new safety technology in the service — driving style monitoring. The algorithm aggregates feedback from Yango users about rides in real time with a progressive impact scale. If users inform about the dangerous driving style of a particular driver regularly, this is considered as a violation of the service standards and the driver receives a warning notification in a driver app about it. If the situation doesn’t change after several notifications, the algorithm restricts the driver’s access to Yango. Thus, the technology helps to warn drivers who cooperate with the service from dangerous maneuvers and possible accidents.

‘Safety is of high priority in our service and we constantly invest in our own safety technologies to contribute to the safety of the cities we operate in. We are pleased to roll out this feature in Lusaka, Kitwe and Ndola. We remain committed to bringing to the Zambian market more of our safety technologies that have already proved their efficiency in other markets.’ – Kabanda Chewe, Country Manager for Yango in Zambia.

The Yango app already has a number of functions that increase the level of safety of all rides. For example the safety tab in the app allows users to share their ride with trusted contacts so that they follow the route, users can report any personal belongings left in a vehicle, contact the customer service if the driver has violated the traffic rules, etc. Furthermore, with each order, users can see the license plate number and the name of a partner driver who is coming to the ride.

About Yango
Yango is an international online service for ordering rides. It already operates in more than 20 countries across Europe, Central Asia, Africa and the Middle East. Unlike other ride-hailing services, Yango app uses its own mapping, routing, and navigation as well as smart order distribution.

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