Author: Tapiwa Matthew Mutisi

Nigeria’s Securities and Exchange Commission (SEC) has imposed a substantial fine of ₦50.15 million on Stanbic IBTC Capital Limited, the investment banking arm of Stanbic IBTC Holdings PLC, for regulatory breaches during Guaranty Trust Holding Company Plc’s (GTCO) public share offering. The penalty, disclosed in Stanbic’s H1 2025 financial statements,…

With Threads surpassing 400 million users, Meta is taking steps to shape the platform’s identity by introducing a new feature called “Communities.” This addition is designed to create dedicated spaces where users can engage in focused conversations around shared interests and trending topics. Meta describes Communities as an evolution of…

Lisk, a leading Web3 infrastructure project, has unveiled the Lisk EMpower Fund, a $15 million venture initiative aimed at supporting early-stage startups across Africa, Latin America (LATAM), and Southeast Asia. The fund is designed to unlock opportunities in regions often overlooked by traditional venture capital, offering both financial backing and…

In a major content expansion, Disney+ has added ESPN and ESPN2 to its South African streaming platform, giving subscribers access to premium international sports content at no additional charge. The new channels went live on Thursday, 2 October 2025, and are available to all Disney+ users on both Premium and…

The acquisition of Barloworld, a Johannesburg Stock Exchange-listed industrial conglomerate, by a consortium of investors led by Saudi Arabia’s Zahid Group has officially become unconditional, marking a major milestone in the transaction. Barloworld is best known as the exclusive distributor of Caterpillar construction and mining equipment across Southern Africa. The…

The National Transmission Company of South Africa (NTCSA), a newly formed spinoff from Eskom’s transmission division, has officially appointed Monde Bala as its full-time Chief Executive Officer. This follows his interim leadership role, which began in July 2025, during a period of strategic restructuring and leadership transitions within Eskom as…

Naspers, South Africa’s most valuable publicly listed company, has reached a major milestone in its bid to acquire Netherlands-based food delivery firm Just Eat Takeaway (JET). The offer, made through MIH Bidco Holdings, a wholly owned subsidiary of Prosus, has officially become unconditional, marking a significant step forward in the…

Pesalink, Kenya’s interbank money transfer platform, has announced a strategic integration with Cellulant, a leading pan-African fintech company, through its business-focused digital payments platform, Tingg. This partnership is set to significantly enhance the ease and efficiency of customer-to-business (C2B) transactions, particularly for online merchants handling high-value payments. The collaboration marks…

Tesh Mbaabu and Mesongo Sibuti, the entrepreneurial duo who recently stepped down from their leadership roles at Kenyan social commerce platform Chpter, have unveiled their next venture: Cloud9, a mobile-first digital bank aimed at transforming financial services for young Africans. In a blog post published Wednesday, Mbaabu described Cloud9 not…

TLG Capital (“TLG”) has successfully closed a US$10 million financing facility for VivaJets, a subsidiary of Nigeria-based aviation services platform Falcon Aero. The transaction was structured in partnership with Wema Bank, marking what both TLG and VivaJets believe to be the first internationally structured aviation financing for a Nigerian Air…

Brave Software has officially announced a major milestone: its privacy-focused web browser now serves over 100 million monthly active users across desktop and mobile platforms worldwide. This achievement marks a significant moment not just for the company, but for the broader movement advocating for a safer, more user-centric internet. According…

Old Mutual Private Equity (OMPE) has announced its exit from Medhold, a leading supplier of medical devices across Southern Africa. The stake, held through OMPE Fund IV, will be acquired by Sanlam Private Equity, marking a significant transition in ownership within one of the region’s key healthcare infrastructure businesses. Though…

Verod Capital Management, a leading West African private equity firm, has officially exited its investment in Tangerine APT Pensions, a Nigerian pension fund administrator. The firm’s stake has been acquired by its minority partner, APT Securities and Funds, marking a strategic transition in ownership and leadership continuity. Verod first entered…

In a major leadership restructuring, Microsoft has promoted Judson Althoff, formerly Executive Vice President and Chief Commercial Officer, to the newly created role of Chief Executive Officer of Microsoft’s Commercial Business. The move, announced by CEO Satya Nadella in an internal memo to employees, reflects Microsoft’s strategic pivot to accelerate…

Mawingu, a Kenyan internet service provider (ISP) dedicated to bridging the digital divide in underserved communities, has successfully raised $20 million in a Series C funding round. The investment was led exclusively by Pembani Remgro Infrastructure Managers, a private equity firm focused on infrastructure development across Africa. This latest capital…

A bold new chapter in Nigerian banking has begun with the official launch of Atlas Digital, a next-generation financial platform designed to meet the evolving needs of modern Nigerians. Whether you’re a student, freelancer, entrepreneur, or side hustler, Atlas offers a dynamic, benefit-driven banking experience that puts control, rewards, and…

In a landmark move set to reshape the future of customer engagement in financial services across the Middle East and North Africa (MENA), intella, Egypt’s leading Arabic speech intelligence company, has announced a strategic partnership with Visa, the global payments technology giant. The collaboration aims to revolutionize conversational AI for…

The South African Reserve Bank (SARB) has formally gazetted the closure of HSBC Private Bank’s representative office in South Africa, marking the end of the institution’s physical presence in the country. The move follows the SARB’s decision to withdraw its consent for the bank to operate under Section 30(1)(b)(ii) of…

Capitec Bank has reported another strong performance in its interim results for the six months ending 31 August 2025, underscoring its continued growth across personal, business, and digital banking segments. The bank’s headline earnings rose by 26% year-on-year to R8 billion, while its client base surpassed 25 million, reinforcing its…

Microsoft has officially named Vukani Mngxati as the new Chief Executive Officer of Microsoft South Africa, effective 1 October 2025, marking a strategic leadership transition aimed at accelerating the country’s digital transformation and AI adoption. In his new role, Mngxati will oversee Microsoft’s operations across South Africa, with a clear…