General News
Five of the Best Payment Gateways out of Africa
By Adeniyi Ogunfowoke
As e-commerce on the continent continues to grow in leaps and bounds, payments, side by side with logistics, is something that sellers all over from Cairo to Lagos continue to work hard to figure out. With many economies struggling amidst unfavorable government policies, businesses on the continent are always on the lookout for trusted means to secure transactions coming in and out of their business.
Excellent payment solutions are important because they expand the frontiers of businesses allowing them to serve more customers far and wide. It also improves the customer’s user experience when payment is seamless and without hassles, and is able to go through the challenges of conversion rates, stamp duties, and processing fees, and several other barriers of trade and payment long experienced by buyers and sellers alike in Africa.
#1 Egypt – Vapulus
The Egyptian payment gateway Vapulus is now one of the top 15 payment gateways worldwide, according to Finance Online’s latest ranking, that reviewed the best 74 payment gateway solutions worldwide including Amazon Pay and Paypal, becoming the 1st Egyptian FinTech solution to achieve this prominent rank.
#2 Ethiopia – YenePay
YenePay offers an online payment option for individuals and businesses in Ethiopia by partnering with local financial institutions. Solutions offered by YenePay for individuals and businesses include pay in shops, peer-to-peer wallet transfer, online payments and tracking and invoicing of payments. Founded in 2015, it is one of the more popular payment infrastructures in Ethiopia.
#3 Morocco – PayLogic
Paylogic offers a technology EFT(electronic funds transfer) platform for PoS, Gateways, Acquirers, card processors, etc. It also offers instant card issuing services (both branded and private level). Also offers a mobile phone network for customers, merchants and banks across Africa. The company is active in Morocco, Sudan, Gabon, Senegal, Congo, Bénin, Mali, with a strong network of partners and representatives
#4 Nigeria – SeerBit
SeerBit provides payment solutions in 11 countries on the continent and is determined to double that at the end of the year. Adding to its roster of Nigeria, Ghana, Kenya, Senegal, Cameroon, Burkina Faso, Tanzania, Uganda, Ivory Coast, Benin Republic and Mali. With multiple payment methods created for merchants and individuals, SeerBit is an inclusive and innovative payment gateway that aims to be the household name for payments in Africa. Educational consultants, restaurants, mech-tech services, health, and pharmaceutical delivery companies are some of the types of companies to put their trust in SeerBit’s payment technology for their online payment solutions.
#5 South Africa – PayU
PayU is one of the largest payment providers worldwide and offers a variety of options for business and the largest number of payment methods of any gateway in South Africa. PayU prides itself as a payment solutions company that provides viable payment solutions across the globe in countries where traditional institutions can’t.
What’s the future of Payment in Africa?
With 350 million unbanked in Sub-Saharan Africa the task for fintech companies remains to capture as many more of the population into its system whether through e-wallets or USSD payment systems. The solutions and architecture that traditional banking institutes provide are too mammoth-sized for the new fintech companies to render them redundant overnight, but they can serve as a buffer to bank the unbanked in Africa. As one generation passes away, and another with more proclivity for technology and the amazing things that you can do with it, fintechs must be ready, capacity wise to capture a market that is ripe and ready for the taking.
Traditional banking institutions won’t sit on their oars. But technology is to be bought and sold, and where they can’t compete we expect to see an acquisition of modern fintechs by traditional banking institutions. Whatever happens, the real winners are the millions whom new opportunities are going to be provided for. All 350 million and more of them.
Jumia, pan-African e-commerce platform, has launched its highly anticipated annual ‘Tech Week’ campaign, bringing consumers amazing deals on the latest gadgets and smart devices.
Under the theme “Future is in Your Hands,” this year’s campaign is designed to inspire Nigerians to embrace cutting-edge technology and innovation. Running from March 17th to March 30th, 2025, the campaign offers millions of customers access to unbeatable discounts on a wide range of tech essentials, including smartphones, laptops, home appliances, and entertainment systems.
In partnership with leading global and local brands such as Xiaomi, Oraimo, Binatone, Itel, SilverCrest, Ecoflow, Tecno, Realme, Skyrun, Century Appliances, Hisense, PZ Cussons, Unilever and Nivea, Jumia is committed to ensuring a seamless shopping experience with the best deals on high-quality tech products.
“We’re excited to present Jumia Tech Week 2025, a platform to enable Nigerians to have access to high-quality devices. With the rapid growth in digital adoption across the country, this campaign is designed to put the latest innovations within reach, helping customers stay connected, productive, and entertained. Our strategic partnerships with top brands allow us to deliver premium products at the best prices, making tech upgrades accessible to all,” said Sunil Natraj, CEO, Jumia Nigeria.
Commenting on the partnership with Jumia for Tech Week, Sylvie Zeng, Head of E-Commerce, Xiaomi, said “Xiaomi is focused on bringing cutting-edge technology to everyone, and Jumia Tech Week 2025 is the ultimate opportunity to experience our diverse range of innovative products at unbeatable prices.
“From the high-performance Poco series to the reliable and stylish Redmi smartphones, and a wide selection of AIoT devices designed to enhance your smart home, Xiaomi offers powerful, beautifully crafted technology for every need. This Tech Week, don’t miss out on the best deals to upgrade your lifestyle with Xiaomi, exclusively on Jumia!”
With over 142 million active internet subscribers reported in January 2025, Nigeria continues to witness an accelerated digital transformation. Jumia Tech Week caters to this dynamic shift, offering consumers a trusted platform to explore and acquire the latest tech essentials conveniently.
Beyond amazing discounts, Jumia Tech Week 2025 features exclusive flash sales, brand days, exciting giveaways, and interactive games throughout the campaign. Consumers can enjoy a seamless online shopping experience with secure payment options and pay-on-delivery services, ensuring accessibility for all.
General News
GOMYCODE Partners Woolf University to Offer Globally Recognised Master’s Degree in Software Engineering in Nigeria
GOMYCODE, a leading technology education provider, has announced a groundbreaking partnership with Woolf University, a global collegiate higher education institution, to offer Master of Science in Computer Science with Specialization in Software Engineering to aspiring and established tech professionals in Nigeria.
This collaboration aims to provide accessible, high-quality, globally recognized education to individuals seeking to advance their careers and expand their opportunities.
The Master’s program is designed to empower busy professionals and ambitious individuals with advanced skills and qualifications, opening doors to global job opportunities and facilitating potential emigration for those seeking international careers.
“We are thrilled to partner with Woolf University to bring this exceptional opportunity to Nigeria,” said Yahya Bouhlel, Co-founder of GOMYCODE. “In today’s competitive tech landscape, advanced degrees are increasingly essential.
“This partnership allows us to provide a flexible, world-class education that empowers our students to achieve their career aspirations, whether they seek to excel locally or on a global stage.”
The program’s online, flexible structure caters to the demands of working professionals, enabling them to balance their studies with existing commitments. Students will benefit from Woolf University’s rigorous academic standards and GOMYCODE’s practical, industry-relevant approach to learning.
“Woolf University is excited to collaborate with GOMYCODE to expand access to quality higher education in Nigeria,” stated Naveen Jangir, Head of Strategy and Growth, from Woolf University. “Our mission is to democratize education, and this partnership aligns perfectly with our goal of providing accessible, accredited degrees to learners worldwide.
“We believe this program will equip Nigerian tech professionals with the skills and credentials they need to thrive in the global economy.”
Babatunde Olaifa, Country Head of GOMYCODE in Nigeria, emphasized the significance of this partnership for the Nigerian tech ecosystem.
“This collaboration represents a significant leap forward for tech education in Nigeria. By offering a globally recognized Master’s degree, we are empowering our professionals to compete on a global scale.
“This is a chance for people to level up their careers, and to open doors that they previously thought were closed.
“We are very excited to see the impact that this program will have on the lives of our students and the broader Nigerian tech community.”
This Master of Science in Computer Science with Specialization in Software Engineering program is ideal for tech professionals seeking to enhance their qualifications; Individuals aiming for global job opportunities; those considering emigration and requiring advanced degrees; ambitious individuals looking to accelerate their career growth.
GOMYCODE and Woolf University are committed to providing a supportive and enriching learning environment that fosters innovation and excellence.
The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering entrepreneurs is set to announce the 11th cohort of the TEF Entrepreneurship Programme on Saturday, March 22, 2025.
The 2025 announcement comes at a critical time, as Africa’s entrepreneurship ecosystem faces funding constraints and global economic headwinds. TEF continues to provide much-needed support, empowering African entrepreneurs to transform their ideas into sustainable businesses and engines of economic growth.
Each selected Tony Elumelu Entrepreneur will receive $5,000 non-refundable seed capital, a world-class business training on TEFConnect, one-on-one mentorship, and access to global networks and investment opportunities. The selection process is being conducted by Ernst & Young, to ensure independent assessment.
The impact of the Tony Elumelu Foundation extends beyond funding. It is changing lives and shaping Africa’s future, as witnessed by beneficiaries of the catalytic TEF Entrepreneurship Programme.
Ahead of the upcoming announcement, Tony O. Elumelu, C.F.R., Founder of TEF and Group Chairman of Heirs Holdings, reiterates his unwavering belief in the potential of Africa’s entrepreneurs:
“I believe that Africa’s transformation will not be led by aid, but by empowering the next generation of African entrepreneurs—giving them the tools, the funding, the training, and the networks to build sustainable businesses that create jobs and drive economic growth.
Over the past decade, we have nurtured entrepreneurs from inception to success, scaling our impact across all 54 African countries. We have provided capital and also developed a robust monitoring and evaluation framework that allows us to track the progress of our entrepreneurs and measure their contributions to their communities and economies.
No other organisation is implementing entrepreneurship development at this scale across Africa. We have learned, we have refined, and we continue to improve, ensuring that African entrepreneurs—women and men—are at the forefront of solving our continent’s challenges and creating wealth for themselves and their communities. Entrepreneurship is the key to Africa’s prosperity. I wish the 2025 cohort of Tony Elumelu Entrepreneurs success, as they chase their ambitions, and play their part in Africa’s transformation.”
The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation across all 54 African countries and ensuring inclusive economic empowerment.
Since the launch of the Tony Elumelu Foundation Entrepreneurship Programme in 2015, TEF has lifted over 2 million Africans out of poverty, provided 2.5 million young Africans with access to training on TEFConnect, and disbursed more than $100millon in direct funding to thousands of African entrepreneurs who have gone on to create over 1.5 million direct and indirect jobs and generate over $4.2 billion in revenue.
Tony Elumelu Entrepreneur Testimonials from Previous Years:
“I started my agribusiness with nothing but an idea. TEF changed everything. With the funding, training, and mentorship, I have now expanded across three countries and employ 25 people.”
– Fatima Diallo, Senegal, Agritech Entrepreneur
“As a woman in the fintech industry, it was difficult to secure funding. TEF not only provided me with capital but also the confidence and skills to build a business that is now attracting international investors.”
– Mary Okeke, Nigeria, Fintech Founder
“The TEF Entrepreneurship Programme helped me commercialise my clean energy innovation. Today, we provide solar solutions to over 50,000 homes in rural Tanzania.”
– Juma Nyerere, Tanzania, Renewable Energy Entrepreneur
For more details on the Tony Elumelu Foundation’s impact visit our Impact Page, African Success Stories Page, and Annual Report Page.
For Media Inquiries: media@tonyelumelufoundation.org
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