The BNPL provider bought South Africa-based Payflex to establish a presence in the region, which remains largely untapped and where point-of-sale financing solutions have strong growth potential.

Equiano’s higher capacity and network speeds will lead to a 21% drop in internet prices  per Gajria, as well as a five-fold increase in Internet speed in Nigeria and triple in South Africa. Gajria added that between 2022 and 2025, Equiano will indirectly create 1.7 million jobs in Nigeria and South Africa.

The bigger picture: Zip’s announcement comes on the heels of its acquisition of South Africa-based BNPL startup Payflex. Like its crypto ambitions, moving Africa is not something other major BNPL providers have done—and both represent the company’s hunt for growth opportunities through unique pathways.

Clearscore enables 14 million consumers across the UK, Australia, and South Africa to check their credit score for free. They can also share their bank account data via open banking to be matched with lending products from over 90 partners. What appealed to investors? Clearscore’s addressable market is growing rapidly.

In 2020, there will be 23.8 million Facebook users in Nigeria, 40.5 million in Egypt, and 18.7 million in South Africa. But those figures represent a very small percentage of the population in each country—11.1% in Nigeria, 38.9% in Egypt, and 33.2% in South Africa. Key Takeaways. Facebook’s user growth rate will nearly double in 2020 due to the pandemic. It will add 153.0 million worldwide users.

Nigeria, Egypt, and South Africa will see the most rapid increases in social network use in 2020. South Africa also ranked in the top three in our November 2019 forecast. China and Russia are unique markets—but crucial to understanding the global picture. China is home to the largest population of social network users worldwide, at almost 890 million in 2020.

Where in the world do people use social media the most?