Author: Tapiwa Matthew Mutisi

Norfund, the Norwegian Investment Fund for Developing Countries, has announced a €20 million equity investment in Société Ivoirienne de Productions Animales (SIPRA), one of West Africa’s largest locally-owned and vertically integrated poultry companies. This strategic investment underscores Norfund’s commitment to supporting sustainable agribusinesses that drive inclusive economic growth and food…

Africa50, the pan-African infrastructure investment platform and multi-vehicle asset manager, has officially named Sérgio Pimenta as the Chief Executive Officer of the Africa50 Infrastructure Acceleration Fund (IAF). This strategic appointment marks a significant step in Africa50’s mission to catalyze infrastructure development across the continent by mobilizing large-scale private and institutional…

Alphabet has agreed to pay U.S. President Donald Trump $22 million to settle a class action lawsuit over YouTube account suspensions following the January 6, 2021, riot at the U.S. Capitol. The settlement also covers other plaintiffs whose YouTube channels were permanently banned in the aftermath of the Capitol riot.…

Norwegian tech company Opera is making a bold move in the browser market with the launch of Opera Neon, a premium, AI-powered browser designed for users who rely on artificial intelligence in their daily workflows. Priced at $19.90 per month, Neon is positioned as a next-generation tool that goes far…

A groundbreaking initiative led by Morocco’s Mohammed VI Polytechnic University (UM6P) is set to reshape global supply chains for electric vehicles and semiconductors. Through its venture builder, INNOVX, the university has secured over $110 million (MAD 1 billion) in financing from Bank of Africa to fund the development of a…

South Africa’s power utility, Eskom, has reported a remarkable financial turnaround, posting a profit after tax of R16 billion for the financial year ending March 2025. This marks a dramatic recovery from the R55 billion loss recorded in the previous year. Eskom attributed the return to profitability to significant cost…

MTN Group has announced a major commitment to support the development of African language datasets, responding to a call by Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, for increased public and private investment in artificial intelligence research. The announcement was made during The Y’ello Chair Vodcast…

The Mastercard Foundation has announced the appointment of Sewit Ahderom as its next President and Chief Executive Officer, effective January 1, 2026. She will succeed Reeta Roy, who has led the Foundation for 18 years. Throughout 2025, Roy will work closely with Ahderom to ensure a smooth and thoughtful leadership…

Global ride-hailing leader Uber Technologies Inc. has officially ceased operations in Côte d’Ivoire, ending a six-year run in the West African nation. The move, which took effect on September 24, marks Uber’s first-ever market withdrawal from the African continent, a significant moment for the company’s regional strategy. While Uber did…

Electronic Arts (EA), the iconic video game publisher behind global franchises like Battlefield and FIFA, is set to be taken private in a landmark $55 billion leveraged buyout. The transaction, announced Monday, will be led by a consortium comprising private equity powerhouse Silver Lake, Saudi Arabia’s Public Investment Fund (PIF),…

African Capital Alliance (ACA), a leading private equity firm focused on West Africa, has successfully completed its full exit from Nigerian integrated energy company Aradel Holdings. The divestment was made through ACA’s Capital Alliance Private Equity IV (CAPE IV) fund, which held a 15.92% equity stake in Aradel. This exit…

Avanz Capital Egypt, a leading private capital asset management firm, has officially joined Algebra Ventures’ second fund as a limited partner (LP) through a strategic secondary transaction executed via its direct investment arm, Avanz Manara. This move marks a significant milestone in Egypt’s venture capital landscape, representing one of the…

The Pura Beverage Company, with dual headquarters in the United Kingdom and South Africa, has successfully raised R260 million (approximately $15 million) from a leading global investment firm. This strategic funding marks a significant milestone in Pura’s mission to redefine the beverage industry with healthier, more natural alternatives. Pura is…

FirstBank of Nigeria Limited has announced a groundbreaking initiative to introduce tailored financial services for blind, partially sighted, and physically challenged individuals across its entire network. This move reinforces the bank’s long-standing commitment to financial inclusion, accessibility, and diversity, positioning it as a leader in inclusive banking across West Africa.…

Ecobank Transnational Incorporated (ETI) has officially concluded the divestment of its Mozambique operations, Ecobank Mozambique S.A., transferring full ownership and operational control to FDH Bank Plc, a financial institution listed on the Malawi Stock Exchange. The transaction, which received all necessary regulatory approvals, was formally disclosed in a statement filed…

The European Union (EU) has announced a landmark €545 million investment package aimed at scaling up renewable energy infrastructure across Africa. The announcement was made via video message during the Global Citizen Festival, held in parallel with the United Nations General Assembly, and published on the EU’s official website. This…

The Zimbabwe Revenue Authority (ZIMRA) has announced plans to bring ride-hailing services and short-term accommodation platforms such as Airbnb into the formal tax system starting 2026, marking a significant step in the country’s efforts to regulate and monetize its rapidly expanding digital economy. The move was confirmed by Misheck Govha,…

Seacom, the pioneering company behind the first submarine cable connecting Africa’s east coast to Europe and Asia, has announced an ambitious new project: Seacom 2.0, a next-generation undersea broadband system designed to dramatically enhance connectivity across the region. Unveiled at Submarine Networks World 2025 in Singapore, Seacom 2.0 will be…

Duaya, a fast-growing digital transformation company in the healthcare sector, has acquired EXMGO, a specialized provider of SaaS solutions for pharmacies and medical businesses, in a six-figure investment deal (exact value undisclosed). This strategic acquisition marks a significant milestone in Duaya’s mission to revolutionize pharmacy operations and strengthen digital commerce…

Access Bank Ghana has officially announced the appointment of Pearl Nkrumah as its new Managing Director, effective October 1, 2025. This historic appointment marks a significant milestone, as Nkrumah becomes the first woman to lead the bank since its establishment in Ghana 16 years ago. Her elevation to the top…