Financial technology holds promise in helping Africans tackle inflation

[View in browser](=.YdsmvwFfLmvsmQ_IYYL8mVGY5oMRPjOTlYapu8PAMEU) =.r_oldj4GyhgAUc5X5JSm9VOTlmQrVUnMiCAho8q2UWQ Dear {EMAIL}, Across the continent, inflation rates have been steadily rising. For instance, Nigeria’s inflation rate hovered around the 20% in 2022, and in October the rate rose to over [22%](=.ZewzTmPYzUX_AVqg4P8pjsZEbIGBGqN8iyjIxr9YzEY), the highest inflation rate since[2005](=.lIgKRrX3Jb12HXz5px7ndDMBhSI6Q4CanNNfsmgpH4Q) — compounding the issues caused by currency depreciation. High inflation rates reduce the value of local currencies, eroding the purchasing power of individuals and families. This, in turn, disrupts essential aspects of daily life, from accessing basic necessities to saving for future goals. Within this backdrop, various innovators have leveraged financial technology with its innovative tools, to offer solutions that empower individuals and businesses to combat the adverse effects of inflation. Join us on Friday, October 27th, with Peter Onu- Manager of Remittance Architecture and Strategy at MTN Group Fintech to explore ways to grow wealth and ensure financial security in the face of rising inflation on the continent. If you’re curious about getting high-quality, reliable, and transparent financial products to save, invest, and grow wealth, do not hesitate to join this conversation. [Register here](=.vusRiTuPBprrNEszgQjOYeuifU60_a_KtRag4PcVIx0) If you were at Moonshot, we have good news for you. The Scholarship is still up for grabs, but ends tomorrow! Share your story with a photo, tag us, and use #UtivaScholarship and #MoonshotbyTechcabal. Do not miss this opportunity to make your dreams real with Utiva! This event is brought to you by TechCabal in partnership with [Cenoa](=.TMuLselmMXBDh5RSmsN6MbVyAZM64v2ZclSctIt2sAc) =.E_SgQM0QRQ9RO5bq7N_hxdn1VC_Vh9f-v3z0YZYkXVE Note: By clicking on the registration link for this event, you’ve indicated interest in the event and will get an invite to attend. To opt out, please ignore the invite. --------- Sincerely, Eniola Sosan Events at TechCabal Insights TechCabal 18 Nnobi Streeet, Surulere, Lagos VA 22193 Nigeria You received this email because you signed up on our website or made a purchase from us. [Unsubscribe](=.Jx_4EHhxXYo4i1AY7TvU5XHGhrev-kidcXx7yaipXSI) [Sent by MailerLite](=.WPsVJODi18PDabzn05Ppjuh89EniXKSlRNFzl7z3GJA)