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Cleantech entrepreneur Sandra Chukwudozie makes the Forbes 30 Under 30 list

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Cleantech entrepreneur Sandra Chukwudozie makes the Forbes 30 Under 30 list

Cleantech entrepreneur Sandra Chukwudozie makes the Forbes 30 Under 30 list

Cleantech entrepreneur Sandra Chukwudozie makes the Forbes 30 Under 30 list.

Nigerian Cleantech entrepreneur Sandra Chukwudozie has appeared on the 8th edition of Forbes’ 30 under 30 lists for 2022 alongside Elsa Majimbo and others.

According to Forbes Africa, “celebrating its eighth edition, the list this year features the best and the brightest, but importantly, the most resilient, who have taken the time to not only shine a light on the issues plaguing Africa’s growth in a pandemic era but also work towards shifting the narrative, one tiny, tenacious step at a time”.

Some notable names include, Founder and CEO of Salpha Energy Sandra Chukwudozie, Kenyan comedian, author, and social media star Elsa Majimbo, Nigerian designer, CEO of accessories brand TIMABEE INC Fatima Babakura, Founder and Film Producer Dammy Twitch.

Reacting to the recognition, Sandra Chukwudozie said: “It is wonderful to see that Forbes Africa is recognising the diligence and devotion of these youthful people who are making a difference in their countries and on the continent as a whole. We need more empowering stories like this to assist with changing the story about the African continent”.

Forbes 30 Under 30 is a set of lists of people under 30 years old issued annually by Forbes magazine and some of its regional editions. The American lists recognize 600 business and industry figures, with 30 selected in twenty industries each. Asia and Europe also each have ten categories for a total of 300 each, while Africa has a single list of 30 people.

 

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Business & Markets

MFS Africa acquires US-based global tech company

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MFS Africa acquires US-based global tech company

MFS Africa acquires US-based global tech company

MFS Africa acquires US-based global tech company.

In a rare acquisition of a US tech company by an African tech company, MFS Africa, Africa’s largest digital payments network, on Tuesday announced that it has reached an agreement to buy Global Technology Partners (GTP).

Based in Tulsa, Oklahoma, GTP is the number one processor for prepaid cards in Africa, with over 80 banks – including UBA, Ecobank, BIA, Stanbic, Coris, NSIA and Zenith Bank – using its platform. GTP’s client base covers 34 countries and is fully connected to the Visa, Mastercard, GIM, GIMAC and Verve networks for which it provides the processing.

This acquisition enables MFS Africa to further deepen its offering to Africa’s gig economy, the business travel market and the millions who eagerly want to participate in the global digital commerce through card credentials linked to mobile money wallets – rather than bank accounts – for seamless and secure online purchases. It also expands MFS Africa’s bank and fintech base and provides tokenisation for the mobile money world in connection with the traditional card scheme ecosystems such as Visa and Mastercard.

Founder and CEO of MFS Africa, Dare Okoudjou, said: “This is a momentous milestone for us and Africa’s tech ecosystem – on many levels. It’s something of a first for an African tech company to acquire a US tech company of GTP’s size and stature, and we’re delighted to be welcoming the GTP team to the MFS Africa family. Their expertise enables us to extend our value proposition of last-mile connectivity to African banks and to accelerate our offering of card connectivity to mobile money users and other fintech companies operating across the continent. The combined operations have immense and exciting growth potential, and with our extended portfolio, we are now truly an omnichannel payments company.”

Robert Merrick, founder and chairman of Global Technology Partners, commented: “GTP’s established position as Africa’s number one prepaid card processor has been built on its unique, flexible platform that actively helps prepaid cards to succeed. We have become the leader of prepaid cards in Africa because of our people, who have genuine in-depth knowledge not only of the prepaid card business but also of the realities that African card users face. We connect the right solution to the right markets with the right products. MFS Africa is an ideal home for GTP, and we are focused on adding new features and functionalities to our platform, signing up new clients, expanding into new countries, driving growth and making a significant contribution to growing MFS Africa’s business and its network of networks.”

Following GTP’s acquisition, MFS Africa plans to further invest in GTP’s current card programmes with banks and bring to these all the innovation and possibilities offered by the MFS Africa HUB – including seamless interoperability with Mobile Money.

The company will also leverage GTP’s stack to fast-track card programmes for MNOs and FinTechs across Africa. Lastly, MFS Africa intends to leverage GTP’s presence in the USA to expand its commercial activities in North America.

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