Nigerian entrepreneur Ori on investing in Rwanda
Nigerian entrepreneur Favour Ori is building a pan-African financial technology powerhouse that he seeks to position as the PayPal of Africa. He recently decided to shift his office to Rwanda. Ori spoke to CNBC Africa about his decision to invest in Rwanda.
Wed, 20 Oct 2021 10:18:26 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Ori's company, Pade, aims to become the 'PayPal of Africa' by offering a one-stop platform for financial transactions within the continent and globally.
- Rwanda's favorable business environment and the establishment of the Kigali International Financial Center are key factors driving Ori's decision to shift his operations to the country.
- Ori emphasizes the importance of collaboration with other fintech companies to address the financial needs of African consumers and leverage the market potential within the continent.
Nigerian entrepreneur Favour Ori is making waves in the financial technology sector, aiming to position his company as the 'PayPal of Africa.' CNBC Africa recently spoke to Ori about his decision to shift his business operations to Rwanda, a move that has garnered attention and raised eyebrows in the industry. From the ease of doing business in Rwanda to the vision of establishing it as the Silicon Valley of Africa, Ori shared insights into his company's growth and expansion plans. Ori highlighted the market potential within Africa, emphasizing the need for solutions that facilitate seamless cross-border transactions in a market projected to reach $900 billion by 2026. The entrepreneur also addressed competition in the industry, stressing the importance of collaboration with other fintech companies to collectively address the financial needs of African consumers. Ori's ambitious goal is to become the go-to platform for all financial transactions within Africa and globally, offering services ranging from online shopping to receiving foreign salaries. With a focus on innovation and partnership, Ori's company, Pade, is poised to make a significant impact in the financial technology landscape of Africa and beyond.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
