Author: Tapiwa Matthew Mutisi

WeBuyCars, the JSE-listed South African vehicle trading platform, has been hit with a R2.5 million administrative fine and instructed to refund more than R3.4 million to affected consumers after regulators found that its sales terms violated South Africa’s Consumer Protection Act (CPA). The sanction follows a three-year investigation by the…

Growth Investment Partners (GIP) Ghana, an investment platform established by British International Investment (BII), has announced a strategic investment in mPharma Ghana, one of Africa’s leading health-tech innovators. This funding will accelerate mPharma’s ambitious growth plans, particularly its expansion into Francophone West Africa. The capital injection will enable mPharma to…

AfricInvest, through its blended-finance impact vehicle Transform Health Fund (THF), has committed $8.5 million to Promamec, a leading Moroccan supplier of medical equipment and consumables. This strategic investment aims to bolster Promamec’s working capital and enhance its ability to deliver critical healthcare products to providers across Morocco. Promamec plays a…

CDG Invest Growth, via its Capmezzanine III fund, has successfully exited its investment in Soludia Maghreb, a Moroccan company recognized as a leading manufacturer of hemodialysis products. These products play a critical role in filtering waste and excess fluids from the blood for patients suffering from kidney failure. The stake…

Sun King, a leading provider of off-grid solar energy solutions, has raised $40 million in equity financing from Lightrock. This strategic investment will fuel Sun King’s mission to expand decentralized solar energy systems across Africa and Asia, while driving the development of innovative products tailored to the needs of underserved…

Growth Investment Partners (GIP) Ghana, an investment platform established by British International Investment (BII), has announced a strategic investment in Springs and Bolts Company Limited (SBCL), a leading Kumasi-based manufacturer of automotive aftermarket components. This investment underscores GIP Ghana’s commitment to supporting industrial growth and local manufacturing in West Africa.…

Mahube Infrastructure, which debuted on the Johannesburg Stock Exchange (JSE) in 2015 under the name GAIA Infrastructure Capital, has received a formal offer to be delisted and taken private through a scheme of arrangement. The offeror, Sustent Holdings, is a newly incorporated special purpose vehicle formed by Mergence Renewable Energy…

Mediterrania Capital Partners has confirmed the partial divestment of its stake in Cash Plus, a leading money transfer and financial services provider in Morocco, through an initial public offering (IPO) on the Casablanca Stock Exchange. This strategic move underscores Mediterrania’s commitment to supporting high-growth businesses while delivering value to its…

Frigoglass Group has entered into a definitive agreement to sell its entire shareholding in Frigoinvest Nigeria Holdings Limited to Helios Investment Partners, a leading Africa-focused private equity firm, in a transaction valued at up to €100 million. The deal is subject to customary regulatory approvals and is expected to close…

Namibian private equity firm Eos Capital, through its Allegrow Fund, has successfully completed the exit of its investment in Erongo Medical Group (EMG). Over the past ten years, Eos Capital has established itself as a cornerstone of Namibia’s private equity landscape, successfully raising and deploying capital through its three flagship funds:…

Gemcorp Capital and Angola’s sovereign wealth fund, the Fundo Soberano de Angola (FSDEA), have announced plans to launch a Pan-African Infrastructure Fund aimed at addressing the continent’s critical infrastructure gap. The fund is expected to target approximately US$500 million, with an initial seed investment of US$50 million from FSDEA, which…

Tanzanian startup SkyVerse Solutions has emerged as the winner of the third edition of the AfrInnovate Youth Challenge (AYC), a continental platform that celebrates the creativity, resilience, and impact of Africa’s youth. The company was recognized for its groundbreaking mechanized post-harvest groundnut processing solution, designed to boost yields, reduce losses,…

Egyptian fintech leader MoneyHash, the Middle East and Africa’s premier payment orchestration platform, has announced a strategic partnership with Amwal Tech, a Saudi-based fintech innovator specializing in aggregated credit card installment solutions. This collaboration aims to accelerate the adoption of flexible payment options in Saudi Arabia’s rapidly evolving fintech ecosystem.…

South Africa’s Business Partners has introduced the Basadi-Women Growth Fund, a ZAR90 million (approximately US$4 million) initiative aimed at empowering women entrepreneurs. This fund is specifically designed to provide tailored business financing solutions to women who own viable formal small and medium-sized enterprises (SMEs) but often struggle to access funding…

Standard Bank has entered into a strategic partnership with Kenyan telecommunications giant Safaricom, providing a substantial funding package of $138 million to support Safaricom Telecommunications Ethiopia. This investment underscores a shared commitment to accelerating digital connectivity and inclusion across one of Africa’s fastest-growing markets. As part of the transaction, Standard…

Anglo American has received overwhelming shareholder approval to merge with Canada’s Teck Resources, paving the way for the creation of Anglo Teck, a new global mining powerhouse headquartered in Canada. Founded in 1917 in South Africa, Anglo American began as a gold mining company before expanding into diamonds, coal, and…

South African retail giant Mr Price Group has announced a major international expansion move with the acquisition of NKD Group GmbH, a leading European value apparel and homeware retailer. The transaction, valued at approximately R9.66 billion, represents one of Mr Price’s most significant strategic investments to date. Mr Price has…

The Financial Sector Conduct Authority (FSCA) has imposed administrative penalties exceeding R2 billion on online trading platform Banxso (Pty) Ltd, marking one of the largest fines in South African regulatory history. The enforcement action follows an extensive investigation that uncovered serious misconduct and systemic breaches of financial laws. In addition…

Helios Investment Partners and Fipar-Holding, a subsidiary of CDG Invest, have announced the launch of 3MDC, a new digital infrastructure platform designed to accelerate Morocco’s digital transformation and reinforce its position as a leading regional technology hub. A Unified Digital Powerhouse The new platform brings together three of Morocco’s most…

Secha Capital, acting as lead investor alongside 27four and Shade Tree Capital, has announced a strategic investment in Barracuda Holdings, a South African electronics manufacturing services (EMS) company. This transaction marks a significant milestone for Secha Capital as it introduces its innovative Chief Executive Operator Investor (CEOI) model to the…