Author: Tapiwa Matthew Mutisi

British International Investment (BII) has pledged $20 million to support Acumen’s Hardest-to-Reach (H2R) Initiative, a program designed to expand access to affordable and reliable energy in underserved regions across Africa. This funding will be channeled through H2R Amplify, the initiative’s debt-focused financing arm, which provides impact-linked loans and receivables financing…

Global impact investor Acumen has successfully raised $246.5 million for its landmark Hardest-to-Reach (H2R) Initiative, a blended finance strategy aimed at accelerating clean energy access in sub-Saharan Africa’s most underserved regions. Launched at COP28, the initiative is now backed by a powerful coalition of development finance institutions, commercial banks, and…

Takealot Group, South Africa’s leading online retailer, is entering a new phase of growth, launching a series of new business ventures and forming strategic partnerships with government to support national development goals in education, entrepreneurship, and digital inclusion. This marks a significant shift for the group, which has traditionally focused…

Canal+, the French media giant, has officially taken control of MultiChoice Group (MCG), Africa’s largest pay-TV provider, following the completion of its takeover. The merger, now unconditional, marks a historic moment for the Johannesburg Stock Exchange (JSE), with the R44.1 billion (approx. $2.5 billion) transaction becoming the largest equity capital…

Taiwan has imposed new restrictions on the export of semiconductors to South Africa, citing national security concerns in a move that underscores the island’s growing willingness to leverage its dominance in the global chip market amid rising geopolitical tensions. The Taiwanese trade regulator announced that exporters will now require pre-approval…

Standard Bank, Africa’s largest bank by assets, has played a pivotal role as joint global coordinator in the landmark divestment of Anglo American’s remaining 19.9% stake in Valterra Platinum. The transaction, which raised R44.1 billion (approximately $2.5 billion), now stands as the largest equity capital markets deal ever executed on…

Bonto Kenya, a Nairobi-based fintech specializing in remittance and foreign exchange services, has officially ceased operations less than two years after its launch. The company voluntarily surrendered its Money Remittance Provider licence to the Central Bank of Kenya (CBK), just months after receiving regulatory approval. Bonto stopped processing transactions on…

The European Bank for Reconstruction and Development (EBRD) has appointed Khalil Dinguizli as its inaugural Head of Senegal, marking a significant milestone in the bank’s expansion across sub-Saharan Africa. Based in Dakar, Dinguizli will lead the EBRD’s operations in the country and report directly to Heike Harmgart, Managing Director for…

Sahara Impact Ventures, an Accra-based impact-focused fund manager, has announced a strategic investment in Agriarche, a Nigerian agricultural technology company founded by Deina Mayaki. The investment aims to scale Agriarche’s innovative solutions that address post-harvest inefficiencies and unlock greater income potential for smallholder farmers. Agriarche’s flagship product, Kasuwa, is a…

Norfund, the Norwegian development finance institution, has announced the sale of its African hydropower assets to Savannah Energy, completing its strategic exit from SN Power, the renewable energy developer it co-founded with Statkraft. The transaction involves Norfund’s divestment of its 50.1% stake in Klinchenberg, the holding company for its African…

Paga Group, a leading African financial technology company, has officially expanded into the United States, marking a strategic move to serve the growing and economically influential African diaspora. The company is initially focusing on the Nigerian-American community, which numbers over 3 million people, aiming to tap into the estimated $21…

Adiwale Fund I, managed by West Africa-focused private equity firm Adiwale Partners, has acquired a minority stake in Codex SA, a leading provider of lifting and industrial logistics services based in Senegal. The strategic investment aims to support Codex’s growth ambitions, including fleet expansion and regional market entry. Codex SA…

Global investment firm Carlyle has entered into an agreement to acquire a diversified floating production, storage, and offloading (FPSO) business from Altera Infrastructure Group, a leading offshore energy infrastructure company owned by Brookfield Asset Management’s private equity division. Altera Infrastructure operates critical energy infrastructure assets across key offshore oil regions,…

Standard Bank Group has announced the appointment of David Hodnett as the new Chief Executive Officer of Standard Bank South Africa Limited (SBSA), pending regulatory approval. Hodnett currently serves as the Group’s Chief Risk Officer (CRO) and also oversees its Corporate Affairs portfolio. Bringing over 30 years of leadership experience…

Nucleon Security, a Morocco-based cybersecurity solutions provider, has raised €3 million (approximately $3.5 million) in seed funding to accelerate its expansion across Africa and further develop its cutting-edge agentic AI-powered Zero Trust platform. The funding round was led by NewFund Capital, with strategic participation from Orange Ventures, Axian Group (Madagascar),…

In a major step toward strengthening Tunisia’s innovation landscape, 216 Capital has partnered with global innovation platform Plug and Play to launch the 216 Capital Venture Accelerator by Plug and Play, a six-month program designed to empower Tunisian startups with the resources, funding, and international exposure needed to scale successfully.…

Yango Group, the international tech company known for its ride-hailing app, has officially expanded its services by launching Yango Motors, a new automotive division. Headquartered in Dubai, Yango is making its debut in the automotive market in Côte d’Ivoire. This strategic move aims to provide affordable and accessible vehicles, which…

Nintendo has officially released the first teaser trailer for The Super Mario Galaxy Movie, the highly anticipated sequel to The Super Mario Bros. Movie. The timing couldn’t be more perfect, Mario himself turns 40 tomorrow, marking four decades of adventures across the Mushroom Kingdom and beyond. The film is slated…

Janngo Capital, a leading impact-driven venture capital firm, has announced an investment in Jobzyn, a fast-growing Moroccan recruitment technology startup leveraging artificial intelligence to transform hiring processes across Africa and the Middle East and North Africa (MENA) region. The financial terms of the deal remain undisclosed. This marks Janngo’s second…

Vision Invest, a leading Saudi Arabian infrastructure investment firm, has made a significant entry into the African market by acquiring a stake in Arise Integrated Industrial Platforms (Arise IIP) through a $700 million capital infusion. This transaction ranks among the largest private infrastructure capital raises in Africa’s history, underscoring growing…