Connect with us
Anglostratits

Business

Xchange Box Celebrates a Successful Participation at GITEX Africa Morocco, Highlighting Innovative Agency Banking Platform and Continued Commitment to Financial Inclusion in Africa

Published

on

Xchange Box

Xchange Box’s presence at GITEX Africa 2024 was marked by a high level of interest in PayRep, its Agency Banking platform

ABUJA, Nigeria, June 12, 2024/APO Group/ — 

Xchange Box, a leading Nigerian fintech startup focused on financial inclusion, concluded its participation at the prestigious GITEX Africa (https://GITEXAfrica.com) Morocco, held from 29th to 31st May,2024 in Marrakech. The event served as a springboard for Xchange Box to showcase its innovative Agency Banking platform, PayRep, and connect with a vibrant community of industry leaders shaping Africa’s digital future. XchangeBox was represented at the event by her Co-founder and CCO, Abiola Jimoh. He is a venture builder with over 15 years’ experience in business incubation, partnership and growth development. Prior to co-founding XchangeBox, Abiola worked in the mobile money industry as an in-house counsel alongside his cofounders. He has also worked as an Associate in law firms and as Advisor to bluechip companies. He studied law from Obafemi Awolowo University, Ile-Ife Nigeria.

Download document: GITEX Africa Morocco 2024 Questions – Nigeria: apo-opa.co/3Xqf2nf

Download document: XBS Pitch May 2024: apo-opa.co/45pWQvY

He currently serves on the Board of companies in the agritech sector as well as payments. His business focus is on rural traders, and farmers giving them access to pension remittances, health insurance, government bills payments and micro loans for micro businesses in rural areas leveraging on Agency Banking Networks.

Revolutionizing Financial Inclusion through PayRep

Xchange Box’s presence at GITEX Africa 2024 was marked by a high level of interest in PayRep, its Agency Banking platform. The platform allows Point-of-Sale (POS) terminals in rural communities across Nigeria to become hubs for essential financial services, including health insurance enrollment and subscription payments, pension remittances for rural traders and farmers. This innovative approach has the potential to revolutionize financial inclusion for underserved communities, bringing crucial services to over 40,000 farmers and traders across Nigeria.

Positive Feedback and Strategic Connections

The event connected us with key people who expressed keen interest in how PayRep can streamline financial services access in rural areas and unlock new growth opportunities for underserved communities. The event also provided a valuable platform for Xchange Box to engage with established industry leaders and potential partners who share their commitment to financial inclusion in Africa. These connections will undoubtedly lead to exciting collaborations in the future.

Attracting Investment in Nigeria’s Booming Tech Ecosystem

Xchange Box is a prime example of a Nigerian startup attracting investment in the country’s burgeoning tech ecosystem. The company leverages a combination of debt financing, grants, and donor funds to fuel growth. Currently, Xchange Box is raising its first fund to deepen its growth and expansion model, fostering further financial inclusion across the continent.

Positioned for Success: A Roadmap to Growth

Xchange Box’s roadmap to achieve significant growth involves scaling operations, expanding its user base, and diversifying its product offerings. The company acknowledges potential challenges, including regulatory hurdles in targeted expansion regions, market competition, and securing sufficient capital. However, Xchange Box’s commitment to strategic partnerships, continuous innovation, and a customer-centric approach positions them to overcome these challenges and achieve their ambitious goals.

Xchange Box: A Leader in Shaping Nigeria’s Digital Future

Xchange Box recognizes the critical role of technology in shaping Nigeria’s digital future. The company actively participates in industry events like GITEX Africa Morocco to stay ahead of emerging trends.  They prioritize talent development, research and development, and strategic partnerships to ensure their products and services remain relevant and competitive. Additionally, Xchange Box fosters a culture of continuous improvement through customer engagement, ensuring their offerings meet the evolving needs of the communities they serve.

Building a More Inclusive Future for Africa

Xchange Box’s commitment to financial inclusion extends beyond product development. Community engagement and social responsibility are central to their mission and growth strategy. The company actively participates in community development projects, mentorship programs, and initiatives aimed at promoting financial literacy and inclusion. This dedication demonstrates Xchange Box’s commitment to building a more inclusive and prosperous digital future for Africa, not just through innovative technology but also through a deep understanding of the needs and challenges faced by underserved communities.

Xchange Box’s successful participation at GITEX Africa Morocco underscores their dedication to financial inclusion and their position as a leader in shaping Nigeria’s digital future. The company’s innovative solutions and commitment to social responsibility position them to make a significant impact on the lives of millions across Africa.

Distributed by APO Group on behalf of GITEX Africa.

Business

Liquid Intelligent Technologies revitalises access to cloud and cyber security services in support of improved national digital resilience

Published

on

Liquid Intelligent Technologies

These services will be available to existing and potential customers in Botswana, and at the centre of the new offering is Secure360, the company’s integrated security framework

GABORONE, Botswana, May 13, 2026/APO Group/ –Liquid Intelligent Technologies (https://Liquid.Tech), a business of Cassava Technologies, a global technology leader, brings cloud and cyber security solutions and services to businesses and enterprises of all sizes in Botswana. The announcement comes as Liquid celebrates a decade of operations in the country.

 

These services will be available to existing and potential customers in Botswana, and at the centre of the new offering is Secure360, the company’s integrated security framework that enables organisations to move beyond reactive breach response towards proactive intelligence, protection and assurance. The solution combines local delivery with continental-scale infrastructure and global technology partnerships to provide organisations with enterprise-grade digital security and cloud capabilities aligned with national digital priorities.

When organisations engage with Liquid Intelligent Technologies in Botswana, they are connecting to the strength of Cassava’s integrated digital ecosystem

“Over the last decade, Liquid has deployed over 1174.08 km of fibre, bringing multi-terabit capacity and unmatched resilience to the region. By establishing a 730km backbone along the A1 road, we’ve positioned Botswana as a critical hub, linking networks from Zimbabwe, South Africa, Kenya, Zambia, the Democratic Republic of Congo, and Sudan,” said Odirile Tamajobe, Managing Director of Liquid Intelligent Technologies Botswana. “Now, by bringing the cloud and cyber security services into the country, we are empowering local businesses with world-class digital solutions, ensuring they can compete and win on the global stage.”

The expansion of Liquid’s offerings in the market reflects the broader Cassava strategy to deliver integrated digital infrastructure and platforms through its One Cassava approach.

“When organisations engage with Liquid Intelligent Technologies in Botswana, they are connecting to the strength of Cassava’s integrated digital ecosystem,” said Ziaad Suleman, CEO of Cassava Technologies SA and Botswana. “Beyond cloud and cyber security, customers can access data centres, AI readiness reviews, and tailored technology journey roadmaps, all within a unified platform designed to support secure innovation and long-term digital resilience”.

As Botswana advances on its Vision 2036 ambitions to expand digital services across government, financial services, telecommunications, and critical infrastructure sectors, Cassava’s digital services aim to strengthen national digital resilience, fostering pride and confidence in the country’s progress.

Distributed by APO Group on behalf of Liquid Intelligent Technologies.

 

Continue Reading

Business

Verdant IMAP Act as Financial Advisor and Arranger to Metro Africa Xpress (MAX) on its USD 8 Million in Debt Capital Raise

Published

on

Verdant IMAP

The transaction establishes a foundation for further institutional capital deployment into the business

JOHANNESBURG, South Africa, May 13, 2026/APO Group/ –Metro Africa Xpress (MAX), Africa’s leading electric mobility platform, has secured USD 8 million in debt funding from Triple Jump, marking a key milestone in scaling its clean mobility operations.

Triple Jump, a Netherlands-based impact investment manager with a strong track record of financing inclusive financial institutions and clean energy businesses across emerging markets, represents one of MAX’s first international institutional lenders. Its participation underscores confidence in MAX’s operating model, asset-backed lending structure, and long-term scalability within Africa’s evolving mobility sector.

The funding will support:

  • Expansion of MAX’s electric vehicle (EV) fleet
  • Rollout of battery swap infrastructure
  • Continued development of its Pay-As-You-Go (PAYGO) financing platform

MAX’s model is designed to lower barriers to asset ownership for commercial drivers (“Champions”), enabling income generation through access to productive mobility assets while reducing operating costs relative to internal combustion alternatives.

Operating across Nigeria, Ghana, and Cameroon, with Nigeria as its core market, MAX is building an integrated ecosystem comprising:

  • Purpose-built EVs adapted for local conditions
  • Battery swapping infrastructure to address charging constraints
  • IoT-enabled fleet management systems
  • Embedded financing solutions for underserved drivers

Verdant IMAP acted as sole financial advisor and arranger on the transaction, supporting structuring, investor engagement, and execution. The transaction establishes a foundation for further institutional capital deployment into the business.

Distributed by APO Group on behalf of Verdant Capital.

 

Continue Reading

Business

Rhino Resources Joins African Energy Week (AEW) as Gold Sponsor as Southern African Exploration Expands

Published

on

African Energy Chamber

Rhino Resources will participate at the 2026 edition of the African Energy Week conference and exhibition – Africa’s premier event for the energy sector – as a gold sponsor

CAPE TOWN, South Africa, May 8, 2026/APO Group/ –Exploration company Rhino Resources has joined the African Energy Week (AEW) 2026 Conference and Exhibition as a Gold Sponsor, reinforcing its role as one of Africa’s emerging independents driving frontier and greenfield exploration across Southern Africa.

 

Scheduled for October 12–16 in Cape Town, AEW 2026 comes as Rhino Resources accelerates exploration activity across Namibia’s Orange Basin while broadening its footprint into South Africa’s Karoo Basin. The sponsorship reflects the company’s strategy to deepen engagement with investors, service providers and policymakers as it advances multiple assets toward development readiness and future final investment decisions.

At the core of Rhino Resources’ upstream momentum is its multi-well deepwater drilling campaign in Namibia’s Orange Basin – one of the world’s most prolific frontier exploration hotspots. The company is targeting FIDs between late 2026 and early 2027 across operated and partner-led assets, including the co-development of the Volans and Capricornus discoveries in Petroleum Exploration License (PEL) 85.

Rhino Resources represents a new generation of African-focused independents that are willing to take on frontier risk to unlock long-term energy value

Recent drilling results have strengthened the commercial case of these Namibian assets. The Volans-1X well delivered strong gas-condensate flow rates in February 2026, while the earlier Capricornus-1X well confirmed the presence of light oil, positioning Rhino Resources among the key players contributing to Namibia’s ambition of achieving first oil production by 2030.

Beyond Namibia, Rhino Resources is broadening its portfolio through onshore exploration in South Africa’s Karoo Basin. The company is advancing a six-well campaign targeting helium, methane and hydrogen resources in the Free State Province – a move that reflects both geographic diversification and a wider strategy to support a more resilient and diversified regional energy mix.

This expansion comes at a time when Southern African economies face energy security challenges due to ongoing disruptions to global shipping routes, reinforcing the importance of unlocking domestic resource potential to support industrial growth and reduce external vulnerabilities.

Rhino Resources’ role as Gold Sponsor at AEW 2026 therefore comes at a pivotal stage in its growth trajectory. The event provides a platform to showcase its exploration progress, strengthen partnerships and position its projects within the broader African energy investment landscape.

At AEW 2026, Rhino Resources’ executives are expected to participate in high-level panel discussions, offering insights into frontier basin development, cost-efficient exploration strategies and pathways to fast-tracking project commercialization across emerging African markets.

“Rhino Resources represents a new generation of African-focused independents that are willing to take on frontier risk to unlock long-term energy value,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber. “The company’s recent discoveries in Namibia and expanding exploration strategy in South Africa highlight the scale of opportunity across the continent and the critical role independents play in translating resources into production, investment and economic growth.”

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Trending