Author: Tapiwa Matthew Mutisi

The African Local Currency Bond Fund (ALCB Fund), managed by Cygnum Capital, has successfully raised $30 million through the issuance of a 10-year bond under its Euro Medium Term Note (EMTN) programme. This milestone transaction marks the fund’s first investment from a private institutional investor—a UK-based insurance company—signaling growing international confidence in Africa’s local currency debt markets. Executed…

In a decisive move to accelerate its green mobility agenda, Uganda has introduced a comprehensive package of tax incentives aimed at stimulating the local assembly of electric motorcycles. This policy shift is a cornerstone of the country’s broader National E-Mobility Strategy, launched in 2024, which seeks to reduce greenhouse gas emissions, cut fossil fuel…

Ghana is preparing to join a growing cohort of African nations formalizing their approach to cryptocurrency regulation. By September 2025, the country is expected to begin licensing cryptocurrency exchanges, marking a significant shift from its previously cautious stance. This move places Ghana alongside regional leaders like Nigeria and South Africa, both of which have already…

Africa’s streaming industry is on a steady upward trajectory, with user numbers projected to reach 46.3 million by 2029. Despite this growing audience, the market’s revenue is expected to remain modest in the near term, with $5.4 million forecasted for 2025. Currently, the space is largely dominated by global giants Netflix and Amazon Prime Video.…

Standard Bank has played a pivotal role in securing the financial close of the Red Sands Battery Energy Storage System (BESS)—a landmark project that now stands as the largest standalone battery energy storage initiative in Africa to reach financial close. It is also the most substantial project awarded under South Africa’s Battery Energy Storage…

South Africa-based VALR, Africa’s largest cryptocurrency exchange by trading volume, has taken a major step in merging traditional finance with the digital asset ecosystem. The company has officially launched the Garrington Capital USD Private Credit Token (USDPC) on its platform—an innovative, yield-generating crypto asset that represents tokenized exposure to private credit investments…

Africa’s Business Heroes (ABH), the flagship philanthropic initiative of the Jack Ma Foundation, continues to deepen its impact across the continent. Designed to empower and celebrate visionary entrepreneurs from all 54 African nations, ABH is committed to fostering inclusive and sustainable economic growth through entrepreneurship. Over a ten-year period, the…

On the evening of Thursday, July 24th, Starlink, Elon Musk’s satellite internet service that has become a lifeline for remote communities worldwide, including here in Zimbabwe, experienced a rare and significant global outage. If your Starlink terminal started acting up around 9:00 p.m. Zimbabwean time, you weren’t alone. The entire…

Airtel Africa’s strategic partnership with SpaceX’s Starlink is rapidly gaining momentum, marking a significant leap in the continent’s digital connectivity efforts. As of July 2025, Starlink has secured operating licenses in 9 out of the 14 countries within Airtel Africa’s footprint, with regulatory approvals pending in the remaining five. This…

Gather Ventures, an impact investment firm founded by Kenyan-born Jo Opot, has launched a climate-focused investment fund dedicated to supporting women-led startups across Africa. The initiative is backed by the Clara Lionel Foundation, founded by global music icon and philanthropist Rihanna. The fund, known as the Gather Impact Fund, was established in 2021 with a mission to drive climate resilience…

One Acre Ventures, the newly launched investment arm of One Acre Fund, has announced a strategic investment in Enimiro Uganda, a vertically integrated agribusiness working with over 4,600 smallholder farmers. The investment, advised by IDH Invest, marks a significant step in scaling Enimiro’s operations and deepening its impact across Uganda’s agricultural sector. Enimiro specializes…

A critical security vulnerability in Microsoft’s SharePoint servers has triggered a rapidly expanding wave of cyberattacks, with the number of compromised organizations surging more than sixfold in just a few days, according to Dutch cybersecurity firm Eye Security. Initially estimated at around 60 victims, the tally has now climbed to over 400 organizations worldwide, including government…

A widespread cyberattack exploiting a vulnerability in Microsoft’s SharePoint servers has compromised several organizations in South Africa, according to Eye Security, a Dutch cybersecurity firm that first detected the breach last week. The attack is part of a broader global campaign that has affected approximately 400 entities, including government agencies, corporations, and other institutions. While the…

Airtel Africa Plc has reported robust financial results for the quarter ended 30 June 2025, showcasing strong growth across all key performance indicators and reinforcing its strategic focus on expanding digital and financial services across its 14 African markets. The telecommunications and mobile money provider posted revenue of $1.415 billion, reflecting a 24.9% increase in…

Dropin, a Nigerian start-up pioneering portable NFC-based contactless payment solutions for Africa’s road transport sector, has announced a strategic partnership with global venture capital firm FasterCapital. The collaboration is aimed at accelerating Dropin’s growth trajectory as it prepares for a seed funding round and regional expansion. The partnership was formalised under FasterCapital’s LaunchUp program, which provides…

MTN Cameroon has entered into a strategic partnership with Yango, the ride-hailing platform powered by Russian tech giant Yandex, to introduce a dedicated SIM card package tailored specifically for Yango drivers. The initiative aims to enhance digital access, reduce operational costs, and improve service delivery for thousands of drivers across Cameroon. The agreement was formalized…

Safaricom, Kenya’s leading mobile network operator, has announced a major milestone—crossing the 50 million customer mark within its home market. The announcement, made on Thursday, comes as the company gears up to celebrate its 25th anniversary in October 2025. According to a press release, this achievement is the result of a year-long customer engagement campaign launched in…

After more than a decade at the helm, Gerrie Fourie has officially stepped down as CEO of Capitec Group, marking the end of an era for one of South Africa’s most remarkable banking success stories. His departure, announced earlier this year, became official on 19 July 2025, with Graham Lee, the former CEO of Personal…

The Johannesburg Stock Exchange (JSE) has reached a significant milestone in 2025, with its flagship index—the FTSE/JSE All Share Index (ALSI)—surging to an all-time high of 100,000 points. This landmark achievement underscores a robust year for South Africa’s capital markets and cements the JSE’s position among the world’s top-performing exchanges in…

Luno, a leading global cryptocurrency platform, has taken a bold step in Nigeria’s digital finance space by launching crypto staking, becoming the first active platform in the country to offer this feature. This move allows Nigerians to go beyond trading and start earning passive income by supporting blockchain networks through staking. What Is Staking? Staking…