Author: Tapiwa Matthew Mutisi

Nigeria has entered into a significant agreement worth $200 million with WeLight, a pan-African Distributed Renewable Energy (DRE) company, to implement a network of renewable mini grids. This initiative is designed to deliver reliable electricity to millions of residents in rural communities and those living in the outskirts of urban…

Flutterwave, recognized as Africa’s foremost payments technology company, has recently received approval from the Bank of Ghana to offer inward remittance services in Ghana. This significant development underscores Flutterwave’s unwavering commitment to streamlining payment processes and unlocking a multitude of opportunities across the African continent. The fintech landscape in Ghana…

d.light, a prominent provider of solar energy solutions in Africa and India, has been selected to participate in the Distributed Access through Renewable Energy Scale-up (DARES) programme. This significant initiative, set to launch in March, aims to enhance electricity access for 17.5 million Nigerians through renewable energy sources. The DARES…

Nissan announced on Tuesday that Ivan Espinosa, the company’s Chief Planning Officer, will assume the role of CEO starting April 1, bringing an end to weeks of speculation regarding the successor to Makoto Uchida, who has led the troubled Japanese automaker. Uchida has faced mounting pressure to resign due to…

Nigerian payments infrastructure company Zone has reported facilitating transactions exceeding ₦1 trillion (approximately $660 million) on its blockchain network from November 2022 to December 2024, as stated by CEO Obi Emetarom. Zone stands out as the only blockchain financial institution in Nigeria licensed to offer switching and processing services. It…

Tunisia has officially launched the Unified Arab System for Diploma Authenticity Verification, joining forces with other Arab nations to streamline the process of diploma validation. Initiated on February 28, 2025, as part of Tunisia’s broader digital transformation agenda, this innovative system enables agencies and recruiters to efficiently verify diplomas issued…

Verto, a fintech company specializing in global payments and cross-border transactions, has launched the Verto Global Business Award to support early-stage businesses in their efforts to expand beyond local markets and engage with the global economy. This initiative comes at a time when the World Trade Organization reports that 29%…

Nsano Ltd, a leading pan-African fintech firm, has announced the launch of a regional office in Rwanda, marking a significant expansion of its presence in East Africa. This development comes on the heels of the company receiving approval from the National Bank of Rwanda, which has granted Nsano Payment Aggregation…

IvoryPay, a blockchain-powered payment and remittance platform designed to facilitate stable cryptocurrency payments for businesses across Africa, has successfully secured a strategic investment from Hedera, a leading decentralized ledger network. This partnership marks a significant step forward for IvoryPay as it aims to enhance its payment infrastructure and expand its…

The Milken Institute and the Motsepe Foundation have officially announced the three teams that have advanced to the final round of the prestigious Milken-Motsepe Fintech Prize. This competition is dedicated to recognizing innovative solutions that enhance financial inclusion for small businesses operating in emerging and frontier markets. With a total…

Cikü Mugambi has joined DOB Equity, a private equity fund based in the Netherlands that focuses on investments in East Africa, just months after stepping down from her position as CEO of Kobo360, a logistics startup. According to her LinkedIn profile, Mugambi has been with the Dutch family office for…

Equator, a venture capital firm focused on Africa, has successfully raised $55 million for its inaugural fund dedicated to supporting early-stage climate tech startups across the continent. This fund aims to address the unique challenges faced by companies working to combat climate issues, particularly those that struggle to secure early-stage…

Silver Box, a company based in the Middle East that specializes in investing in technology products and services, has successfully acquired Mobius Motors Kenya, a struggling automaker that had recently announced plans to shut down. This acquisition comes six months after Mobius faced significant financial difficulties, including unpaid debts, disputes…

South African Internet of Things (IoT) startup Sensor Networks, specializing in insurance technology, has announced a strategic partnership with Ariston, the world’s largest manufacturer of geysers, to introduce advanced smart water heating solutions to South African households in 2025. Founded in 2015, Sensor Networks has developed a unique “smart geyser”…

Tizeti, a prominent internet service provider in West Africa and a YCombinator-backed company, is making significant strides in expanding its fiber optic network. In a remarkable feat, the company has installed over 150,000 meters of fiber in key urban centers such as Lagos, Port Harcourt, and Accra within just three…

Nigerian food delivery startup Chowdeck has announced a significant reduction in its contract workforce, cutting it by 68% as part of a strategic initiative to streamline operations and enhance efficiency. Despite experiencing rapid growth over the past year, the company clarifies that these layoffs are not indicative of financial difficulties…

Adenia Partners, a private equity firm focused on Africa, has announced the appointment of Franck Falézan to the investment committee of both Adenia Capital IV and its latest flagship fund, Adenia Capital V, which has recently been oversubscribed. Franck Falézan brings a wealth of experience to his new role. As…

Standard Bank, recognized as the largest bank in Africa by assets, is preparing to host its inaugural African Markets Conference (AMC) in Cape Town later this month. This event marks a significant milestone in the bank’s efforts to enhance integration and facilitate smoother business operations across the continent. Luvuyo Masinda,…

The International Finance Corporation (IFC) has announced a proposed commitment of up to $75 million to the Helios Investors V fund, which includes a co-investment envelope of $50 million. This significant financial backing underscores the IFC’s commitment to fostering growth in Africa’s dynamic investment landscape. Helios V is a pan-African…

Revolut, a leading neobank with a remarkable valuation of $45 billion, has announced its plans to investigate potential opportunities in South Africa’s dynamic digital banking landscape. A spokesperson for the company commented, “South Africa is a market we are evaluating, and one we see as attractive, with the potential to…