The "bank of the free" is no more free

Today's podcast travelled through three countries: Nigeria, Togo, and Senegal. Although the last one could more correctly be tied to Francophone Africa, but let's not get into technicalities.

First on the list is Kuda, more popularly known as "the bank of the free", and its recent circular to customers informing them that they would start charging a ₦50 stamp duty charge on all deposits above ₦10,000. Understandably, Nigerians had quite a bit to say on this decision, and we did too.

Timestamps

04:38 - Kuda Bank introduces ₦50 stamp duty

13:24 - Togo's e-Visa platform

19:26 - Wave lays off 15% of its staff

Useful links

• Kuda Bank to charge customers ₦50 for deposits of ₦10,000 and above from July 15

• Togo completes its e-Visa platform

• To advertise or promote your brand, visit this link or send an email to [email protected]

• Wave, a Stripe-backed African fintech valued at $1.7 billion, cut 15% of its staff in June

• Oui Capital's form for laid-off Wave employees

• Scaling with stellar communication technologies at the Termii Elevate 1.0 Conference

This episode was produced by Ogheneruemu Oneyibo

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