₦airaland Forum

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This guy built Africa’s largest mobile money hub: with over 320 million connected wallets.

But when he started, he just wanted to send money to his mom in Benin.

Meet Dare Okoudjou.


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Dare is committed to building access across Africa - by linking mobile money wallets to the rest of the world.

This guy built Africa’s largest mobile money hub: with over 320 million connected wallets.

But when he started, he just wanted to send money to his mom in Benin.


Dare left Benin at 18 to school in Morocco and later France.

Dare would get calls from his mother in Benin, who needed money. But sending that money was notoriously difficult.


In France, he used a cash-to-cash process, where he would go into the post office, give them cash and two weeks later it would be available for his mother in Benin.

When he lived in the US, it was even harder. He would physically give cash to people flying back to Benin - the fastest option at the time.

While money transfer was difficult, Dare noticed a contrast: making calls and sending texts was getting easier. And cheaper.

And in 2005, MTN (Africa’s biggest telecom) made an announcement that set Dare’s thinking (and eventually, MFS Africa) in motion.

MTN had announced it would launch MTN Banking - banking users through mobile.


And the telecom guy in Dare realised: If you could move data, then you could move value.

And if data (ie, texts, calls, media) could be sent between different mobile operators, then so could money.

Dare joined MTN in South Africa to launch mobile money across the continent.

And over time, the realisation gripped him, and his vision was set.

In 2009, he left to start MFS Africa - building a layer to connect mobile money wallets with services across the world.

And today, MFS Africa has taken over the continent. With:

📲 320 million mobile money connections on its platform

🌍 Coverage of 35 African Countries

💰Four acquisitions: Sochitel, Beyonic, Baxi by MFS Africa, and Global Technology Partners (GTP) (a $34 million acquisition of a US Company - one of the first of its kind from Africa).

🚀 Raised a $200 millions Series C from Admaius Capital Partners, AfricInvest Group, CommerzVentures, Vitruvian Partners and AXA Investment Managers

But it wasn’t always world domination for MFS Africa.

It took years before take off. At one point, MFS Africa only had $10,000 left in the bank.

Dare's relentless optimism and his grit saw him build one of Africa's most important companies.

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This is an easy step-step guide on how to make beautiful duck using colourful papers


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We can get out of the deepest holes if we don't give up.



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Unfortunately, in today's political climate, the decision to marry outside one's tribe has become a contentious issue. Recent debates surrounding the Labour Party (LP) governorship candidate in Lagos State, Gbadebo Rhodes-Vivour, highlight the political implications of such decisions, with some questioning his Lagosian roots.



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Bola Ahmed Tinubu has promised to concentrate on the affairs of the youths.


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There was wild jubilations in Bola Ahmed Tinubu's Camp as INEC officially declared him winner of 2023 presidential election.

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Is this a sign of a new Nigeria?

On election day, Pastor Paul Enenche Conducted deliverance and healed a lady that came to polling unit with Colar on her neck.

God is Good!

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With 18 presidential candidates and 93 million registered voters, Nigerians will be going to the polls on 25th of February to elect a new set of leaders for Nigeria.

Who will be the next leader for Over 200 million Nigerians?

Although we have 3 major contenders for the post:

Peter Obi of Labour Party,
Bola Tinubu of APC
Atiku Abubakar of PDP

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Mama Of Africa High Chief Lolo Iyom Josephine Ezeanyaeche has endorsed Peter Obi for presidency.




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Gov Dapo Abiodun has apologized to Ogun residents concerning the CNS


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The vice presidential candidate of labour party in an interview with Channels Television has mentioned that his party is not after neither Atiku nor Tinubu will make sure it defeats corruption at all cost.


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The group which comprises of former presidential candidates and twenty-four national chairmen of political parties has endorsed Peter Obi.


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Due to the crowd at the CBN branches, one of the officials has directed the depositors to deposit their old naira notes that is below 500,000 in their banks while above 500,000 should be deposited at the Central Bank.

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These women were captured on tape complaining that the banks are not collecting old N500 and N1000, but a man was seen gifting them some money with Ogun State envelope and the women were not happy to collect the money as they have seen that the money will be difficult to spend as federal government has stop banks from collecting it.

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As the election day gets closer, different groups and communities are coming out of their hiding to indicate their preferred candidate.
One of such is Yoruba Self-determination coalition that have declared their supports for Bola Ahmed Tinubu.

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This statement was made today by peter Obi while addressing his supporters at the popular market in Lagos, Tradefair complex

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