Author: Tapiwa Matthew Mutisi

Just days after finalizing its landmark acquisition of South Africa’s MultiChoice Group, French media conglomerate Canal+ has unveiled a comprehensive overhaul of its leadership structure across its African operations. The move marks a significant shift in the continent’s media landscape, placing MultiChoice under foreign ownership for the first time in…

Global consumer internet group Prosus, headquartered in Amsterdam and majority-owned by South Africa’s Naspers, announced on Friday that its online marketplace OLX will acquire French automotive classifieds platform La Centrale for €1.1 billion (approximately R22.4 billion). This strategic acquisition marks a significant move by Prosus to expand its footprint in…

The African Local Currency Bond Fund (ALCB Fund), managed by Cygnum Capital, has announced a significant $45 million investment from the Dutch development finance institution FMO, with additional participation from FMO Investment Management (FMO IM). This strategic injection of capital is aimed at deepening the fund’s mission to develop robust…

AfricInvest Europe, the Paris-based subsidiary of the AfricInvest Group, has announced the first close of its third-generation French-African Fund (FFA III), securing approximately €50 million in commitments. This milestone brings the firm’s total assets under management for the FFA strategy to around €150 million, reinforcing its position as a key…

President Donald Trump has signed an executive order formalizing a long-awaited deal to bring TikTok’s U.S. operations under American control, resolving months of uncertainty over the app’s future in the country. The move follows a law signed by former President Joe Biden in 2024 requiring TikTok’s Chinese parent company, ByteDance,…

London-based digital banking giant Revolut has officially announced plans to apply for a full banking licence in South Africa, marking its first strategic move into the African continent. The announcement, made on 23 September during the opening of Revolut’s new global headquarters in London, signals the company’s intent to compete…

President Donald Trump has publicly called for Microsoft to terminate Lisa Monaco, the company’s President of Global Affairs, citing her past roles in Democratic administrations and alleging she poses a threat to U.S. national security. The demand was made via Trump’s Truth Social account on September 27, and marks the…

South African investment firm New GX Capital has secured US$28 million (R488 million) in funding from Nedbank Corporate and Investment Banking (CIB) for its clean-tech investment vehicle, Airnergize Capital Fund I. The fund, launched in April 2025, is focused on accelerating infrastructure development in renewable energy, gas, and water across…

Uber Technologies is witnessing stronger-than-expected growth in its grocery and retail delivery services, reinforcing its strategic push to compete more aggressively with rival platforms, particularly in competitive markets like South Africa. The company now projects its non-restaurant delivery services, which include grocery, retail, and convenience items, to reach an annual…

Contactable, a South Africa-based integrated digital identity and eKYC platform, has raised US$13.5 million in growth funding to scale its operations across Africa and enhance its suite of onboarding and identity verification solutions. Contactable offers a unified platform that enables businesses to manage the full digital lifecycle of their customers,…

Ilara Health, a Kenya-based healthtech startup known for equipping primary care clinics with affordable diagnostic solutions, has initiated a company-wide restructuring process that includes staff layoffs. The exact number of affected employees has not been disclosed. In an official statement, the company attributed the decision to “current market conditions and…

Ido Sum, a long-standing partner at TLcom Capital, has officially stepped down from his role after an impactful 14-year tenure at the Africa-focused venture capital firm. Sum joined TLcom in 2011, operating primarily from its London office, and has since played a pivotal role in steering the firm’s investment strategy…

In a significant move to accelerate South Africa’s clean energy transition, Norfund’s Climate Investment Fund and KLP, Norway’s largest pension company, have announced a joint investment of NOK 850 million (approximately $86 million) to establish a new renewable energy platform named Anthem. Anthem is set to become a major player…

Mastercard has extended its strategic commercial partnership with Smile ID, an identity verification provider in Africa, to accelerate the rollout of secure digital identity solutions across the continent.  This partnership will enable banks, fintechs, mobile money operators and other enterprises to onboard new customers faster, reducing identity fraud and expanding…

Triodos Investment Management has announced a significant €30 million investment into the Hivos-Triodos Fonds, provided by two leading European development finance institutions: the Dutch FMO and Austria’s OeEB. This marks a major milestone for the fund, as it is the first time these institutions have invested directly in Hivos-Triodos Fonds.…

Hinckley E-Waste Recycling, a pioneering e-waste management company based in Nigeria, has secured a $1.5 million equity investment from impact investor All On, a Shell-funded organization committed to accelerating access to clean, reliable, and affordable energy in Nigeria. This strategic funding will enable Hinckley to establish Nigeria’s first lithium-ion and…

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…