Author: Tapiwa Matthew Mutisi

Wave, one of Africa’s highest-valued fintech startups, has secured $137 million in debt financing to strengthen its working capital and accelerate its expansion across both existing and new markets. The funding will be used to scale its mobile money operations and extend affordable financial services to underserved populations across the…

Mastercard has announced a strategic partnership with enza, a leading payment solutions provider, to expand access to its global payment infrastructure for fintechs operating across Africa. This collaboration aims to simplify how startups and enterprises integrate Mastercard’s capabilities into their platforms, enabling faster innovation and broader financial inclusion. Through this…

AXIAN Telecom, a leading telecommunications and digital services provider across Africa, has successfully priced its $600 million Senior Notes, set to mature in 2030, marking a significant milestone in the company’s financial strategy and regional growth ambitions. The bond issuance, officially recently announced, attracted strong interest from global institutional investors, underscoring confidence in…

Momint, a South African crypto and Web3 startup once hailed as a trailblazer in the local NFT and tokenized asset space, has officially announced the winding down of its operations. Despite early momentum and several landmark achievements, the company cited a combination of rising operational costs, limited user growth beyond its core…

Talenteo, an Algerian startup revolutionizing human resources management for African businesses, has successfully raised a six-figure funding round from Tunisia-based venture capital firm 216 Capital. While the exact amount remains undisclosed, the investment marks a significant milestone in Talenteo’s mission to empower African SMEs and mid-sized companies through digital transformation. Founded with a…

Oasis Capital, a prominent growth equity investor focused on small and medium-sized enterprises (SMEs) in West Africa, has officially exited its investment in Mansa Bank Côte d’Ivoire. This transaction represents a significant milestone for the firm, as it marks Oasis Capital’s first full exit in the Francophone Africa region and the second successful exit…

Metier Capital Growth Fund II has successfully exited its investment in Master Plastics through a management-led buyout, supported by a comprehensive financing package arranged by Nedbank Corporate and Investment Banking (CIB) and Investec Investment Banking. This transaction encompasses Master Plastics’ three core business units: PlusNet, Barrier Film Converters, and Peninsula Packaging. These divisions…

Leading pan-African private equity firm AfricInvest has announced its successful exit from AFG Holding, a regional banking group headquartered in Côte d’Ivoire. The exit marks the conclusion of a high-impact investment period that saw AFG achieve significant growth in scale, profitability, and regional influence. AfricInvest made its investment in AFG in October 2022 through its AfricInvest…

Octopus Energy Generation, the renewables investment arm of UK-based energy tech company Octopus Energy, has officially launched the Octopus Energy Power Africa Fund (OEPA)—a bold new initiative aimed at accelerating the clean energy transition across the African continent. The fund, which begins with an initial capital commitment of $60 million and targets a total…

Nairobi, Kenya — East African impact investment firm DOB Equity has announced the appointment of Jonathan Mukoro as an Investment Associate, reinforcing its commitment to supporting high-potential businesses across the region. Mukoro brings over seven years of experience in private equity and private lending, with a strong track record of working across key sectors such as agriculture, renewable energy,…

British International Investment (BII), the UK’s development finance institution, has announced the appointment of Sylvia Monthe as its new Coverage Director for Francophone West and Central Africa, a strategic move aimed at deepening the institution’s engagement and investment footprint across the region. In her new role, Monthe will be responsible for leading BII’s investment…

In a significant move to deepen cross-border investment collaboration, South Africa’s Public Investment Corporation (PIC) and the UK’s British International Investment (BII) have signed a memorandum of understanding (MoU) aimed at accelerating joint investment efforts across the African continent. The agreement brings together one of Africa’s largest asset managers and the UK’s development finance institution, establishing a strategic framework…

Roomz.rent, a fast-growing co-living platform based in Cairo, has successfully closed a pre-seed funding round led by regional venture firm Qora71, with participation from a network of Middle East and North Africa (MENA)-based angel investors. The investment marks a significant milestone for the startup as it looks to scale its operations and expand its…

In a landmark moment for African tech innovation, Better Auth, an open-source authentication tool built by Ethiopian solo founder Bereket Engida, has secured $5 million in seed funding to accelerate its product roadmap and scale its infrastructure offerings. The round was led by Peak XV Partners (formerly Sequoia Capital India & Southeast Asia), with participation from Y…

Lesaka Technologies saw its share price jump by 17.1% on Friday morning after announcing a landmark agreement to acquire 100% of South African digital bank, Bank Zero Mutual Bank, in a deal valued at R1.091 billion. The R1.1 billion ($61.4 million) acquisition—pending regulatory approval—signals a pivotal evolution for Lesaka, transitioning…

Asset Chain, a Nigerian blockchain infrastructure startup, has officially launched its own Layer-1 (L1) blockchain network, purpose-built to redefine how Nigerians exchange both digital and real-world assets. Engineered for speed, security, and transparency, the platform offers a modern alternative to traditional financial systems and informal peer-to-peer (P2P) markets, eliminating the…

Ghanaian agritech startup Complete Farmer has secured a €2.2 million (approximately $2.5 million) investment from the European Union’s AgriFI initiative, marking a major milestone in the advancement of technology-driven agriculture and rural development in West Africa. The funding, managed by EDFI Management Company, will support the construction of agricultural fulfilment centres and the expansion…

The Takealot Group, South Africa’s leading e-commerce platform, has reported another financial loss for the 2025 fiscal year, but parent company Naspers remains optimistic, projecting that the group will achieve profitability within the current financial year. According to Naspers’ full-year results for the period ending March 31, 2025, Takealot Group delivered robust growth…

In a historic move that marks a turning point in Ethiopia’s economic trajectory, the country’s central bank has issued a long-anticipated directive allowing foreign banks and investors to formally enter its financial sector. This development is a cornerstone of Ethiopia’s broader economic liberalization agenda and follows the ratification of a…

Peach Payments, a leading South African fintech company headquartered in Cape Town, has officially launched its new point-of-sale (POS) device, the Digit Pro, targeting mid-sized and enterprise-level merchants. This marks a significant expansion of the company’s product suite, which already includes robust tools for online and mobile payment processing. Founded in…