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Flutterwave Gains Ground in Ghana with Enhanced Payment Service Provider License

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Flutterwave, a leading payments technology company, has recently been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana.

The milestone marks a significant expansion of Flutterwave’s operations in Africa, enabling the company to offer a comprehensive suite of payment services directly within, and through Ghana.

Ghana presents an exciting market for Flutterwave’s innovative solutions. With a stable democracy, a tech-savvy youth population, and a high mobile internet penetration rate of 71%, Ghana is well positioned for rapid digital adoption.

The country’s digital payments market is projected to reach $7 billion in 2024, with an anticipated growth rate of 15.78%, resulting in a total value of $12.96 billion by 2028.

For potential customers in Ghana, Flutterwave’s license translates to more seamless and secure money transfers across the country. Businesses will benefit from direct collection and payout services, automated invoicing, payment links, and a checkout solution that supports multiple payment methods including cards, mobile money, and bank transfers.

Commenting on the license approval, Olugbenga ‘GB’ Agboola, Founder & CEO of Flutterwave said, “When we started this journey, our goal was to unite the fragmented payment infrastructure in Africa, and securing this license in Ghana brings us a step closer to achieving that mission.

“At Flutterwave, we are committed to using our platform to promote economic growth to the nation, while also providing unparalleled service to all our prospective customers in Ghana and in the diaspora ”

The Payment Service Provider license (Enhanced Category) allows Flutterwave to operate without the need for third-party services, streamlining payment processes for businesses and customers alike.

The Enhanced Category license further empowers Flutterwave to support other licensed fintech companies in Ghana by providing essential payment services, ultimately promoting a more integrated and efficient financial ecosystem.

Oluwabankole Falade, Chief Regulatory Officer at Flutterwave, said: “We are grateful to the Bank of Ghana for their trust and support in granting us this license. This milestone highlights our commitment to regulatory compliance and delivering secure, reliable payment solutions.

“We are excited to contribute to Ghana’s dynamic business ecosystem and support the financial inclusion of Ghanaians, both locally and globally.”


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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AIT Embraces AI Driven Learning to Revolutionise Higher Education

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Accra Institute of Technology (AIT) has made a pioneering commitment to revolutionize its operations by fully integrating Artificial Intelligence (AI) across all facets of the university.

This bold initiative was unveiled by AIT President, Professor Clement Dzidonu, during the institution’s 20th graduation ceremony.

Addressing the graduating class and esteemed guests, Professor Dzidonu highlighted the transformative impact of AI on the future of higher education.

Read Also: Accra Institute of Technology marks graduation milestone with inspiring ceremony

“As we stand at the threshold of an AI revolution, top universities worldwide are actively exploring ways to harness these technologies. AIT is proud to be at the forefront of this revolution,” he emphasized.

Recognizing AI integration as a necessity in modern education, AIT is poised to become a global trailblazer in the comprehensive application of AI across 12 critical stages of the student life cycle. These stages include:

– Curriculum development

– Program delivery

– Assessments

– Research

– Alumni engagement

By embracing AI, AIT aims to enhance the educational experience, improve operational efficiency, and prepare students for success in an increasingly technology-driven world.

This groundbreaking initiative cements AIT’s position as a leading technological university and sets a new standard for innovation in higher education.

“By seamlessly integrating AI and associated technologies into all aspects of what we do at this university, AIT is not only enhancing the educational experience for our students but also positioning itself as a global leader in the intelligent and innovative delivery of higher education,” Professor Dzidonu announced.

The AIT Board of Trustees, which include six former Vice Chancellors is currently spearheading the development of comprehensive policy provisions and guidelines to facilitate this transformative integration of AI and other emerging educational technologies.

This initiative aims to ensure that AIT graduates are equipped with the skills, knowledge, and adaptability to thrive in an increasingly AI-driven economy and society.

“We believe that this holistic approach will not only benefit our students but also position AIT as a global leader in the intelligent and innovative delivery of enriching higher education in the sub-region and beyond,” Professor Dzidonu concluded.

This bold move by Accra Institute of Technology underscores the university’s commitment to staying at the forefront of technological innovation and ensuring that its students are prepared for the challenges and opportunities of the future.

Accra Institute of Technology (AIT) [www.ait.edu.gh], ranked as the top private University in Ghana by the Ghana Tertiary Awards, is an independent technology-focused university dedicated to academic excellence and cutting-edge scientific and industrial research and R&D work.

For the fourth consecutive year, the University has been honored with the Best Technology University in Ghana Award, a recognition bestowed by the Ghana Tertiary Awards.

This achievement follows the Best in Technology-Focused University in Ghana Award from Global Business Insight of the United Kingdom.

AIT is accredited by the Ghana Tertiary Education Commission (GTEC) to offer both campus-based and Open University undergraduate and postgraduate programs.

AIT is affiliated with the Kwame Nkrumah University of Science and Technology (KNUST) for campus-based undergraduate programs in engineering, computer science/IT, and business administration, and the Open University of Malaysia for Open University undergraduate and postgraduate programs at the Masters and Ph.D. levels.


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Coker Urges Africa to Close Digital Infrastructure Gap for Prosperity

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Ayotunde Coker, Chief Executive Officer of Open Access Data Centre, has said that closing Africa’s digital infrastructure gap is the key to increasing prosperity on the continent.

“Closing the digital infrastructure gap is key to Africa’s prosperity,” he said this in his keynote speech at the ‘Hyperscalers Convergence Africa’ event held in Lagos on Thursday.

The inaugural Hyperscalers conference was organised by Africa Hyperscalers Media and was aimed at uniting the continent’s digital infrastructure community.

Coker stated that Africa accounts for about 17 percent of the world’s population but contributes only around 4 percent of the global GDP. This disparity, which he termed the prosperity gap, is closely linked to Africa’s underdeveloped digital infrastructure.

For instance, nine submarine cables deliver internet capacity to Nigeria’s shores, but a 90,000-kilometer fiber infrastructure gap results in slow and unreliable internet access in the country. Gaps like this hurt the economic potential of the most populous African nation.

“Meaningful broadband connectivity, which is measured by speed, latency, and cost, is necessary for economic development,” he stated.

He urged governments and businesses to focus on expanding fibre networks and improving broadband services to support digital growth. He noted the role of supportive regulations, arguing that while some African countries have made progress in implementing regulations for the digital economy, more needs to be done.

“There needs to be collaboration between governments, regulatory bodies, and the private sector to create an environment that fosters investment in digital infrastructure,” Coker stated.

He acknowledged ongoing efforts in Nigeria and across the continent to improve visibility and support for digital projects but warned that progress would remain limited unless the underlying infrastructure gaps were addressed.

“Africa must light up its dark digital spine,” Coker stated, emphasising the need for revolutionary efforts to drive corporate adoption of digital infrastructure and broadband connectivity. “Without these steps, Africa’s economic growth would continue to be stifled by its underdeveloped digital landscape,” he added.

Also corroborating Coker, Deremi Atanda, the chief executive officer of Remita Payments, noted that connectivity can transform Africa’s innovation and economy.

During a panel session themed ‘Innovating Towards Africa’s Digital Future,’ he stressed that the continent’s prosperity lies in the strength of its digital infrastructure.

“The prosperity of Africa is dependent on the quality of our digital infrastructure. Connectivity has the power to redefine Africa’s innovation,” Atanda said.

He explained that the ability of Africans to take responsibility for their own challenges will only improve with better digital infrastructure. “We must respond to Africa’s needs when it comes to digital infrastructure. It will enable Africans to better understand their problems and improve their quality of life across the continent.”

Frank Eleanya, Senior Writer for Business, and Big Tech at TechCabal, acknowledged that while efforts have been made to improve digital infrastructure, there has been a lack of leadership to fully realize these goals.

“What’s needed is the leadership to make it all happen. We have the capacity, but leadership must wake up and translate all these plans into reality,” Eleanya said.

Wabo Majavu, Executive of Strategy and Business Operations at Africa Data Centre, pointed out that involving communities in Africa’s innovation journey requires monitoring and measuring impact. “When you look at the opportunities, there’s a need to talk about access,” Majavu noted.


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Public-Private Partnerships for Infrastructure Development: Insights from Anambra and Lagos States

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At the Hyperscalers Convergence Africa Conference held recently at the Federal Palace Hotel, Lagos, leading experts in technology and infrastructure development convened to discuss regulatory frameworks for fostering digital infrastructure in Africa.

CFA

Among the distinguished panelists were the Honorable Commissioner for Innovation, Science, and Technology, Lagos State, Olatubosun Alake, and the Managing Director/CEO of the Anambra State ICT Agency, Chukwuemeka Fred Agbata, who shared insights from their respective states on the journey so far.

In his remarks, Chukwuemeka Fred Agbata, CFA, highlighted Anambra’s success story through Public-Private Partnerships (PPP), particularly in digital infrastructure development.

He noted that Governor Charles Soludo’s initiative to waive Right of Way (RoW) charges was pivotal in attracting investors and enhancing ease of business, following the examples set by Lagos and Kaduna.

“Governor Soludo’s decision to waive RoW charges significantly boosted connectivity and economic growth in the state,” CFA said.

“Government is financially burdened, so we have focused on collaborating with local partners to connect our services.

For the first time, we now have a civil service with access to the internet – another successful example of PPP in action.”

A major component of the state’s digital transformation strategy has been leveraging partnerships with local businesses to foster digital access across government institutions.

CFA emphasized that such collaborations were critical for states, not just Anambra, as efficient resource management is key to meeting diverse governance priorities.

“Partnerships as this enable progress in areas like digital infrastructure without placing the full burden on government resources, making them a vital part of modern governance”. He concluded.

Olatubosun Alake, Lagos State’s Commissioner for Innovation, Science, and Technology, highlighted the importance of stakeholder consultation and advocacy, particularly when engaging the private sector.

He urged companies to establish their own codes of conduct to ensure smooth interactions with the government and legislative bodies, which play a critical role in reforms aimed at fostering ease of doing business.

“Ease of doing business is pivotal because it determines whether an investor will engage,” Alake said.

He also emphasized the importance of qualified personnel in civil service sectors and advocated for competitive pay packages to ensure optimal service delivery.

Other distinguished panelists included Dr. Ayotunde Coker, Chairman, Africa Data Centres Association; Tony Izuagbe Emoekpere, President, Association of Telecommunications Companies of Nigeria; and Douglas Njenga, Director of Regulatory Affairs and Special Projects, WIOCC Group. The session was moderated by Sade Dada, Public Policy Manager for Anglophone West Africa at Meta.

The discussions underscored the importance of regulatory frameworks, partnerships, and targeted reforms in driving digital infrastructure development across Nigeria and the African continent.


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