Author: Tapiwa Matthew Mutisi

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…

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…