Author: Tapiwa Matthew Mutisi

In a significant step toward modernizing Egypt’s financial markets, the Egyptian Exchange (EGX) has launched a new mobile application aimed at democratizing access to stock market information for the general public. The app, which recently entered its beta phase, provides a user-friendly, mobile-first platform for real-time data and updates on…

In a landmark agreement poised to significantly advance Senegal’s industrial capabilities, Mercedes-Benz, through its globally recognized Daimler Truck division, has formally committed to establishing a state-of-the-art truck assembly plant in the West African nation. The initiative is solidified through a three-way letter of intent, creating a strategic public-private partnership between…

Elon Musk’s SpaceX is formally petitioning the South African government to consider an alternative to the country’s Black Economic Empowerment (B-EE) ownership laws, which are currently a barrier to the launch of its Starlink satellite internet service in Africa’s most developed economy. In a letter submitted to the government, SpaceX…

In a significant move that underscores its rapid growth trajectory, Kenyan edtech platform Craydel has officially launched its services in Burundi and Tanzania. This strategic expansion marks the company’s entry into its sixth and seventh African markets, solidifying its position as the first Kenyan education startup to establish a true…

African Infrastructure Investment Managers (AIIM), through its flagship IDEAS Fund, has partnered with Motseng Investment Holdings to establish a new investment entity: the Motseng Ideas Infrastructure Group (MIIG). This strategic collaboration marks a significant step toward advancing inclusive infrastructure development across South Africa and the broader Southern African Development Community (SADC) region. MIIG is a South African-based investment company managing…

In a landmark move for Egypt’s financial sector, Banque Misr, one of the country’s oldest and most influential state-owned banks, is accelerating its digital transformation with the launch of onebank, Egypt’s first fully digital-native bank. The initiative is spearheaded by Banque Misr’s fintech subsidiary, Misr Digital Innovation (MDI), which has received final regulatory…

AfricInvest, via its blended-finance impact initiative, the Transform Health Fund, has announced a strategic investment of $10.5 million in HewaTele, a Kenyan-based medical oxygen provider. This funding marks a significant step toward addressing one of East Africa’s most critical yet overlooked healthcare challenges: the availability of high-quality medical oxygen. In Kenya, the situation is…

MTN Group, Africa’s largest telecommunications operator, has reported a robust financial turnaround for the first half of 2025, marking a significant recovery from its prior-year losses. The Johannesburg-based telecom giant posted headline earnings per share (HEPS) of 645 cents, a dramatic reversal from the 256 cents loss recorded in H1 2024. This…

The Meltwater Entrepreneurial School of Technology (MEST) has officially launched applications for the seventh edition of the MEST Africa Challenge, a pan-African pitch competition aimed at identifying and supporting high-potential technology startups. This year, the focus is squarely on fintech innovation, with the program seeking startups that are building impactful solutions in digital…

CrossBoundary Energy (CBE), a leading developer of renewable energy solutions for commercial and industrial clients in Africa, has secured a $40 million equity-like capital investment from Impact Fund Denmark (IFDK). This strategic funding will support the expansion of CBE’s portfolio of clean energy projects across the continent, accelerating its mission to deliver reliable,…

MTN Group has unveiled a sweeping leadership overhaul as part of its strategic realignment for 2025 and beyond. The changes, which reflect the company’s transition into its next phase of growth, will take effect from 1 November 2025 and include key executive appointments across its operations in Africa and the Middle East.…

Standard Bank Group, Africa’s largest bank by assets, has announced that Group CEO Sim Tshabalala and Group CFO Arno Daehnke will retire by the end of 2027. This decision comes even as the bank has officially raised the retirement age for its executive leadership from 60 to 63 years, in line with evolving global and…

Ecobank Transnational Incorporated (ETI), the parent company of the pan-African Ecobank Group, has announced that Nedbank Group has reached an agreement to divest its 21.22% equity stake in ETI to Bosquet Investments, a private investment vehicle owned by Alain Nkontchou. The transaction is currently pending regulatory approval. This strategic move aligns with Nedbank’s broader decision…

Ezdehar Management, a leading private equity firm, has announced the acquisition of a majority stake in Kemet, a prominent Egyptian food company, through its Ezdehar Mid-Cap Fund II. This strategic investment marks a significant milestone in Ezdehar’s commitment to supporting high-potential businesses in Egypt’s fast-growing food and beverage (F&B) sector.…

Renew Capital has announced a strategic investment in Hypeo Ai, a fast-growing Moroccan startup that is transforming the influencer marketing landscape across Africa and the Middle East through the power of artificial intelligence. Hypeo Ai offers a cutting-edge platform that enables brands to launch and manage influencer campaigns with unprecedented speed…

Vodacom South Africa has received final regulatory approval to acquire a co-controlling stake in Maziv, a major fibre infrastructure provider that operates Vumatel and Dark Fibre Africa. The decision marks the conclusion of a three-and-a-half-year regulatory process, clearing the way for a significant capital injection into Maziv’s operations. The approval, confirmed on August 14, 2025 by Pieter Uys,…

Ajua, Africa’s leading customer experience (CX) platform, has announced the acquisition of Rate My Service (RMS), a Kenyan-based platform specializing in customer and employee experience solutions. This strategic acquisition marks a significant step in Ajua’s mission to dominate the continent’s experience management space and deliver hyper-localized, data-driven CX strategies. The deal…

Africa50, the pan-African infrastructure investment platform, has announced the first close of the Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD) at $118 million, marking a major step forward in mobilizing capital for climate-resilient infrastructure across the continent. The AGIA-PD fund, managed by Africa50, is designed to blend public, private, and philanthropic…

The International Finance Corporation (IFC) has announced plans for a proposed equity co-investment of up to $10 million in Safari Holdings, a leading player in East Africa’s tourism sector. The investment will be made via a Mauritius-based investment vehicle, in partnership with the Alterra Africa Accelerator Fund, marking a joint…

Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), has extended a $1.5 million working capital loan to Nulla Group, a women-led agribusiness based in Cameroon. This investment underscores Sahel Capital’s commitment to supporting inclusive and sustainable agricultural enterprises across Africa. Nulla Group operates as a maize aggregator and processor, with its…