Nigerian entrepreneur Ori on investing in Rwanda

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.