The destination: a payment terminal that can process most African currencies with an internet node, making it possible that a merchant in Nairobi can be paid by a Naira card. A new order in payment where all you need in Africa is ONE BANK account because a technology layer will unify all nations, making it possible that your Accra bank-issued card can allow you to do everything you want to do in Lagos as though you are in Ghana!
Then, with that payment layer sorted, other elements of trade open up. At CADAP, our vision is to build a new layer in the African economy. We’re already powering many ecosystems across Africa with the CADAP Digital Economy Infrastructure which offers many services (some below).
- Domestic revenue generation, mobilization, collection, and assurance.
- Cross border trade, enabling and facilitation.
- Aggregate demand data for central banks
- Financial inclusion for all (e.g.: Financial inclusion in agriculture)
- Connectivity for all
- Power as a service
- Human capital graph development
- Satellite technology and satellite applications
You are possibly using most of these services in major universities across Africa. Today, we’re opening them up to local governments, communities and more. More so, we’re already enrolling banks in our infrastructures in Sierra Leone, Senegal, and will be expanding to more countries. In Nigeria, we power many critical digital infrastructure projects (connect for projects).
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- Ndubuisi Ekekwe
- Co-founder/Board Member, CADAP Americas
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Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.