VezoPay, a South African 🇿🇦 company specializing in smart rings for tap-and-go payments, has welcomed Jonathan Smit, founder of PayFast, as both an investor and advisor. The company, founded by Jake Pinkus and Lawrence Baker, offers innovative payment rings that eliminate the need for cards or smartphones 📱. With banking partnerships including Nedbank and more banks on the way, VezoPay is set to officially launch its product in April, aiming to transform how consumers make contactless payments 🎯. EV adoption in Africa 🌍 is growing, with NEV Electric reporting 5,000 EVs in Nigeria 🇳🇬. The company has earned $14 million and manufactures 100 mass transit buses. Despite challenges like financing and charging infrastructure, NEV Electric plans 300 charging stations by 2025 and aims to boost adoption through education and affordable financing. With government support, Nigeria targets 13 million EVs by 2050, signaling growth in Africa’s EV market 📈.  Purple Elephant Ventures (PEV), a Nairobi-based 🇰🇪 venture builder, is modernizing Africa’s 🌍 tourism sector, which employs over 25 million people but lacks innovation. Founded by Ben Peterson, Jan Van der de Willebois, and Mikul Shah, PEV launched in 2022 with $5.5 million in funding and has started five startups to tackle high costs, low tourism, and sustainability issues. PEV plans to expand rapidly, launching two new startups this year 🎯. Nigeria's 🇳🇬 inflation fell to 24.48% in January 2025, with urban inflation at 26.09% and rural at 22.15% 📉. This follows a year of high inflation driven by fuel subsidy removal and naira devaluation. Food inflation remains high at 26.08%. The National Bureau of Statistics plans to rebase GDP and CPI to reflect growth in sectors like tourism and eCommerce 📈. Despite the decline, high food and energy prices persist, making future inflation trends uncertain.