They are an African solution to an age old African problem. One of the fastest and most brightest startup in this part of the continent has started its operations in Malawi. Zoona is a mobile money transfer born in neighbouring Zambia and spreading to other parts like wild fire.
If you have visited Peoplez shops in all the major cities of Malawi, you may have come across beautifully dressed youths operating a money transfer business under the banner of Zoona. It is Zoona's initiative to create employment and facilitate money transfer for emerging enterpreneurs in Africa.
In Malawi Zoona partnered with National Youth Council to recruit and train 80 youths to manage Zoona agent locations in Malawi. The agents are empowered to manage their own business while receiving financing, marketing, and training support from Zoona.
Zoona started its operations in Zambia in April 2009 and has so far spread to the whole of Zambia, Malawi and Capetown in South Africa. Zoona offers Emerging Entrepreneurs an opportunity to provide money transfer and other payment services to low-income consumers, while earning commissions and creating employment. They provide a mobile money platform, working capital financing, business management tools and entrepreneurial support focused on helping businesses grow and increasing financial inclusion in Africa.
Users of Zoona are able to send and receive money without a bank account, mobile phone or any gadget except an identification. A small percentage is charged to send money. Zoona is currently found in all Peoplez Shops and Supermarkets in major cities of Malawi.
Zoona means real in Zambian Chinyanja and Truth in Malawi's Chewa.