Cape Town-based start-up uses stablecoins and a merchant-of-record model to undercut transaction fees that have long burdened African tourism businesses.
The announcement comes just days after Launch Base Africa published a detailed report on the NSIA’s cautious relationship with Nigeria’s startup ecosystem.
The scene in a Dakar courtroom this week was emblematic of a continent grappling with the disruptive force of technology colliding with established interests.
Visa’s Africa strategy is ambitious. Its $1 billion commitment — announced in 2022 — targets infrastructure development, digital inclusion, and financial literacy.
Twiga did not disclose the value of the transactions but emphasized that the acquired distributors would retain leadership roles in the newly consolidated operation.
As the African cleantech sector matures, more consolidation (whether mergers or acquisitions) is likely — signalling a shift from small pilots to regional platforms capable of delivering both access and efficiency.
Cape Town-based start-up uses stablecoins and a merchant-of-record model to undercut transaction fees that have long burdened African tourism businesses.
Nigeria’s proposed plan—demanding that withholding tax be paid in the native token and remitted to a government-controlled wallet—is a radical departure from global norms.
