Author: Tapiwa Matthew Mutisi

Spiro, an electric vehicle enterprise based in India, has secured a significant debt financing agreement worth $50 million with Afreximbank to bolster its market presence in the regions where it currently operates. The company has a footprint in six African nations—Benin, Togo, Kenya, Nigeria, Uganda, and Ghana—and has set its…

The French multimedia conglomerate Canal+ has been progressively acquiring shares in Multichoice, inching closer to owning a 50% stake in the company. On Tuesday, May 14th, Canal+ publicly disclosed that it had executed three separate share purchase transactions within the preceding week. These transactions have effectively raised Canal+’s ownership in…

MTN Group, the leading mobile telecommunications provider in Africa, with the largest subscriber base on the continent, has experienced a downturn in its revenue for the first quarter of the year 2024. This information was disclosed in the company’s latest financial report, which was released to the public by the…

The dynamic nature of the technology sector demands leaders who are flexible, open to embracing change, and skilled at bringing innovative ideas to fruition. Recognizing the importance of these attributes, ETS Group has appointed Dennis Naidoo as its new Chief Executive Officer. Zandi Mbele, the company’s chairperson and former CEO,…

Bradwin Roper has announced his resignation from the position of CEO of MTN’s fintech operations, as he prepares to pursue a new professional venture. MTN has released an official statement confirming that Roper will adhere to the company’s stipulated executive notice period and will officially depart from MTN South Africa…

This week, the National Information Technology Development Agency (NITDA) of Nigeria has formalized a strategic partnership with the global technology firm Cisco by signing a Memorandum of Understanding (MoU). This alliance is centered on the advancement of Artificial Intelligence (AI) and the innovation of smart agriculture practices. Both entities have…

PalmPay, a leading fintech platform in Nigeria, has announced a strategic partnership with the Lagos state government to enhance the ‘Ounje Eko’ initiative, a weekly food discount market program. This collaboration is set to provide efficient payment solutions that will facilitate easier transactions for both residents and businesses participating in…

The publicly traded South African consumer internet conglomerate Naspers, along with its international internet assets division Prosus, have announced the appointment of Fabricio Bloisi to the role of Group CEO. In a statement released this morning, it was confirmed that the boards of both Prosus and Naspers have given their…

AfriLabs, a prominent network organization dedicated to fostering innovation and entrepreneurship in Africa, has joined forces with 2X Global, an influential global entity dedicated to amplifying the volume and impact of investments aimed at empowering women economically around the world. This strategic alliance is designed to promote the practice of…

d.light, a company dedicated to delivering vital household products and financing to communities with limited resources, has recently unveiled an ambitious project aimed at enhancing the quality of life for refugees in Ugandan camps by providing them with solar-powered home systems. This initiative is not only set to improve the…

Accion, a non-profit organization dedicated to enhancing financial access, has unveiled the Accion Digital Transformation Fund, a substantial $152.5 million endeavor aimed at enabling conventional financial entities to better serve small businesses that are typically overlooked. This new fund is specifically tailored to assist microfinance institutions and similar entities across…

Two prominent Ethiopian enterprises, D!NK Multimedia and Gebeya Inc, have recently unveiled a strategic alliance with the goal of revolutionizing the domains of talent management and multimedia services within Ethiopia and beyond its borders. D!NK Multimedia has established a reputation for its flagship D!NK TV platform and an extensive array…

Google has recently declared that it is now accepting applications for the 2024 iteration of its Hustle Academy, a specialized initiative designed to foster the expansion of small and medium-sized enterprises (SMEs) in the Sub-Saharan African region. The Hustle Academy is an all-encompassing program that delivers an in-depth business education,…

Viridian, an impact agency known for creating and implementing programs for budding entrepreneurs, investors, and entrepreneur support organizations throughout Africa, is inviting female-led or female-centric startups in South Africa and Kenya to apply for the RaiseReady program. This seven-week initiative is designed to streamline the process for founders to engage…

Digify Africa, in collaboration with Meta and the Michael and Susan Dell Foundation (MSDF), has announced the opening of applications for its Digify Pro Online digital entrepreneurship program. This initiative is specifically designed for young adults between the ages of 18 to 35 who are currently unemployed. The program focuses…

The Kenyan e-commerce startup tappi, co-founded by Kenfield Griffith and Louis Majanja, has forged a strategic partnership with the Kenya National Chamber of Commerce and Industry (KNCCI) to introduce digital services to 30,000 Micro, Small, and Medium-sized Enterprises (MSMEs) across Kenya. The startup, established in 2022, offers a comprehensive digital…

The South African business accelerator Grindstone has forged a strategic partnership with USAID Southern Africa Mobilising Investment to introduce a specialized two-year initiative aimed at transforming the landscape of startup and scale-up support in South Africa. Established in 2013 and jointly owned by venture capital firm Knife Capital and consultancy…

Botswana’s head of state, President Mokgweetsi Masisi, engaged in discussions with senior representatives from SpaceX, who have shown a keen interest in securing a licence to operate within the nation. These discussions took place during a business summit held in the United States, where President Masisi had the opportunity to…

eTranzact Global Limited, a prominent provider of payment technology solutions originating from Nigeria, has recently made a significant stride in its business growth by venturing into the Ugandan market. This move comes on the heels of the company securing an operational licence from the Central Bank of Uganda, marking a…

Jumia, the online retail platform, disclosed a revenue surge to $48.9 million and a gross profit of $31.2 million for the first quarter of 2024. These figures represent a notable increase from the $41.3 million in revenue and $24.9 million in gross profit reported in the same period of 2023.…