Author: Tapiwa Matthew Mutisi

MTN Group has unveiled significant leadership changes aimed at addressing succession planning, enhancing operational execution, and advancing its Ambition 2025 strategy. These changes will impact MTN Group’s operating companies and its fiber business. Effective January 1, 2025, Mazen Mroue, the current MTN Group Chief Technology and Information Officer (GCTIO), will…

Vodacom South Africa has announced the commencement of an operational review and cost-cutting process that may impact at least 80 jobs. This decision is part of the telecom operator’s ongoing efforts to adapt and optimize its business operations to meet the evolving demands of the industry and its customers. Byron…

Meta’s Threads app has achieved a significant milestone, now boasting 300 million users, with more than 100 million people using the service daily. Mark Zuckerberg announced this achievement in a post on Threads, stating, “Threads’ strong momentum continues.” Zuckerberg has frequently expressed optimism that Threads has a “good chance” of…

Threads, the popular social media app, is set to introduce a significant new feature before the end of the year. According to an update from Meta executive Adam Mosseri, the app will soon begin testing the ability for users to schedule posts in advance. Mosseri shared a screenshot of the…

Honda and Nissan, two of Japan’s leading automakers, are reportedly in discussions about a potential merger. According to the Japanese publication Nikkei, the two companies plan to sign a memorandum of understanding to outline shared equity stakes in a new holding company that would consolidate their operations. This potential merger…

BuuPass, a leading startup in the travel industry, has achieved remarkable milestones, having sold over 16 million travel tickets and generated more than US$100 million in total value of goods sold. The company has also participated in the Google for Startups Accelerator Africa and received backing from the Google for…

South African fintech and alternative funding provider, Sourcefin, has successfully secured ZAR150 million (approximately US$8.2 million) in funding from Futuregrowth Asset Management. This significant investment will bolster Sourcefin’s mission to provide essential financial access and specialized supply chain support to small and medium-sized enterprises (SMMEs). Established in 2020, Sourcefin has…

Bamboo, a Nigerian investment app that enables Africans to trade U.S. stocks, has achieved a significant milestone by securing a U.S. broker-dealer licence through its affiliate, Bamboo Securities L.L.C. This accomplishment makes Bamboo the first Nigerian fintech to obtain such a licence, opening up exciting possibilities for retail and corporate…

MTN, Africa’s second-largest mobile network operator, is set to broaden its service offerings in South Africa by entering the banking sector. The company plans to leverage its extensive customer base to provide accessible banking services, particularly targeting underserved communities. This strategic move aims to enhance financial inclusion and provide consumers…

Kenyan fintech startup Leja has achieved a significant milestone by processing US$2 billion in B2B payments since launching its B2B payments service earlier this year. This remarkable achievement underscores Leja’s commitment to bridging the gap between micro, small, and medium enterprises (MSMEs) and financial institutions, empowering small businesses by streamlining…

The Aswan Bootcamp Series, a groundbreaking initiative aimed at empowering entrepreneurs in Upper Egypt and supporting the region’s tech-driven growth, has been officially launched. The initiative was inaugurated by Dr. Amr Talaat, Egypt’s Minister of Communications and Information Technology, during a launch event held at the Creativa Innovation Hub in…

MNT-Halan, Egypt’s premier fintech company and the nation’s first unicorn, has officially entered the United Arab Emirates (UAE) market, marking a significant milestone in its rapid regional expansion. This move underscores MNT-Halan’s commitment to extending its innovative financial solutions across the Middle East. Founded in 2018, MNT-Halan was established with…

The European Union-funded FUNGUO programme, in partnership with CRDB Bank’s iMBEJU initiative, has proudly unveiled its third cohort of 18 innovative startups. This strategic collaboration combines transformative, non-repayable grants from FUNGUO, funded by the European Union, with reimbursable grants from CRDB Bank Foundation’s iMBEJU programme, thereby amplifying opportunities for startups…

The MineTech Hub, one of ten sector-specific pan-African innovation and acceleration hubs established across the continent under the United Nations Development Programme’s (UNDP) Timbuktoo Initiative, has officially opened its doors in Zambia. This groundbreaking hub is set to transform the mining industry by leveraging cutting-edge technology and innovative practices. The…

Proparco has announced a significant $5 million investment in the Equator Africa Fund through its FISEA+ facility, aimed at accelerating climate-focused innovation in sub-Saharan Africa. This funding is specifically targeted at early-stage start-ups operating in the energy, agriculture, and mobility sectors, which are critical to addressing the continent’s escalating climate…

Incofin Investment Management has announced two strategic investments totaling $1.55 million under its Nutritious Foods Financing Facility (N3F), with the goal of enhancing food systems and improving access to nutritious food across Africa. The first investment is directed towards Truk Rwanda, a logistics company that specializes in the cold chain…

South African e-health startup Envisionit Deep AI has announced a collaboration agreement with Bayer in the radiology domain to explore potential future use cases for parts of its portfolio, including Bayer’s AI innovation Platform. This platform is a cloud-based, end-to-end software development environment designed for imaging-based AI applications. Envisionit Deep…

Schroders Capital and BlueOrchard have committed $5 million to the African Infrastructure Investment Fund 4 (AIIF4) through their Green Earth Impact Fund (GEIF). This investment is aimed at supporting climate-focused infrastructure projects in Africa, marking a significant step towards sustainable development in the region. GEIF, a collaborative fund managed by…

Swedfund, the Swedish development finance institution, and the Danish Investment Fund for Developing Countries (IFU) have formed a strategic partnership with Sturdee Energy to accelerate the expansion of renewable energy in Southern Africa. This collaboration is a significant step towards reducing the region’s dependence on coal-fired electricity. Southern Africa is…

Sanari Capital, a prominent private equity firm based in South Africa, has proudly announced the successful final close of its Sanari 3S Growth Fund, securing an impressive R1.5 billion (approximately $80 million). This significant achievement underscores the firm’s commitment to fostering growth in mid-market businesses across Africa, with a particular…