“Close to 80 percent of startups often die within the first year of operation, while only three to five percent make it beyond the one-year period of survival,” Chiloba stated. He went on to say that the remaining 15% are in the uncertain group, with very slim possibilities of survival. To address this, Chiloba suggested that entrepreneurs in the nation, particularly fintech, collaborate with investors from all industries. ADVERTISEMENTNasim Devji, Group CEO and Managing Director of DTB offered similar advice, stating that partnerships are critical in speeding the development of new FinTech products and services. Boya's CEO, Alphas Sinja, stated that the achievement coincided with cooperation with Diamond Trust Bank and the digital payment network Visa.

Source: Daily Nation July 26, 2023 13:35 UTC