Any little change!💸 Na savings.

Hello Venturer, Many agree that saving money ought to be a top priority, but not many can. Putting mo Any little change!💸 Na savings. By [VA Weekly]( • Issue #111 • [View online]( Hello Venturer, Many agree that saving money ought to be a top priority, but not many can. Putting money aside can be hard when you have so many responsibilities. As a young Nigerian in an unfavourable economy, your income is simply a means of getting by month to month rather than a means of saving for the future or emergencies. Experts say regardless of what you earn, you can, and should save. It’s simply a matter of putting a certain percentage aside no matter how little. The proliferation of fintech platforms has made saving easier for Nigerians, but still, savings are at a 10-year low. This week, we explore a business that encourages people to save the old-fashioned way in the midst of a sea of automated digital savings platforms. Amoo Zainab Social Media Executive What's new? How Kolo Lagos is reviving an old-fashioned savings practice From addressing childhood nostalgia to fusing Afrocentric designs on the boxes, and customizing the kolo boxes to match the users’ saving goals, the entirety of the Kolo brand is patterned to inspire the average Nigerian to save. Kolo Lagos’ goal extends beyond instilling a savings culture. By encouraging people to save, more people are becoming conscious of investments. [Read more](. Fintech startups are helping more nigerians to invest in the us stock market Recently, Bamboo, a Nigerian-based fintech company that allows people to invest in US exchange, more than doubled its users from 200,000 to over 500,000 between 2021 and 2022. While people find it tasking to invest through traditional asset managers, more people now trust fintech with investments. [Read more](. Weekly Economic Index: World Bank lowers Nigeria’s 2023 economic growth forecast to 3.3% The World Bank has lowered its economic growth forecast for Nigeria in 2023 to 3.2 per cent from 3.3 per cent, citing deceleration in global growth, the Russin-Ukraine war, and declining demand from China for commodities produced in Africa. The financial institution also noted that the decline would persist the following year. [Read more](. Glo’s moneymaster psb: Another player on Nigeria’s road to financial inclusion Globacom recently announced the official launch of MoneyMaster PSB, its payment service bank business licensed by the Central Bank of Nigeria (CBN) to help provide financial services to unbanked and underbanked Nigerians. Like other PSBs, Glo’s MoneyMaster will facilitate payment and remittance services within Nigeria. [Read more](. My Pivot Journal: How a biochemist pivoted to become a program and product lead Gift “Gigi” Kenneth has a knack for creativity. When she is not working, she writes, draws, reads, or shares memes. This creative passion has led the young biochemist to find a career in tech as a programme and the product lead at Hotbed. [Read more](. New report shows how corruption is crippling South Sudan’s economy A new report by Washington-based investigative and policy organization, The Sentry, reveals how corruption is crippling the South Sudanese economy. The report, titled Cash Grab, details how corrupt leaders have siphoned nearly $1 billion in loans provided by banks in Qatar and Kenya into the coffers of international shell companies linked to President Salva Kiir’s family. [Read more](. Will this be another record year for venture funding in Africa? Across the globe, startups raised much less venture funding in the second quarter of this year than in the same period in 2021. Africa was the only exception to this trend. No other region came close to the continent’s funding growth between January and June. It closed the first half of 2022 at $3.5 billion, a 133% increase from the first half of last year. [Read more](. Africa Fintech Summit sparks conversations on regulatory frameworks for fintech growth Conversations around fintech in Africa are incomplete without exploring fintech policy and regulation on the continent. As such, a deep dive into the regulatory frameworks for growth is one of the top priorities at #AFTSCapeTown2022. The event is set to take place from November 2nd-4th, 2022, at the Cape Town International Convention Centre (CTICC). [Read more](. Our weekly collectibles - Having a social media presence is very important in modern media. Find out [how the Washington Post grew its Instagram following from 600k to 6m.]( - Want to [live a happier life]( Find out the six most important changes you need to make. - African poets are becoming more experimental. Discover how [the new generation of poetsÂ]( exploring a range of poetic styles and aesthetics to reflect the eclecticism of African poetry. - What is the modern masculine ideal? Uncover the many struggles of men and boys in [the crisis of men and boys](. #VANUGGET Remember to stay safe! Did you enjoy this issue? [VA Weekly]( By [VA Weekly]( Ventures Africa is an online business news site and community that produces stories about an evolving Africa. Our stories inspire people to positively shape their environment. We cover business, policy, innovation and culture in Africa. [Tweet](    [Share]( In order to unsubscribe, click [here](. If you were forwarded this newsletter and you like it, you can subscribe [here](. Powered by [Revue](