Author: Tapiwa Matthew Mutisi

The pay-TV giant has unveiled “Thol-iUpsize”, a DStv promotion that automatically upgrades active decoder subscribers to higher-tier packages at no additional cost between 10 November and 31 December 2025. Under the campaign: Byron du Plessis, CEO: Pay TV South Africa at MultiChoice, said: Our Upsize campaign is part of a…

Roam, a Nairobi-based electric mobility startup, is inviting retail investors to participate in its growth journey by opening a portion of its pre-Series B funding round to the public through Crowdcube, a UK-based equity crowdfunding platform. Founded to accelerate Africa’s transition to clean transport, Roam designs and manufactures electric motorcycles…

Caetano Kenya has officially introduced Chery, one of China’s most awarded and innovative automotive brands, marking a transformative milestone for Kenya’s SUV segment. Known for its bold design, intelligent technology, and the promise of “premium technology made accessible,” Chery is set to redefine what Kenyan drivers expect from modern mobility.…

Vodacom Group has reported a robust financial performance for the first half of its 2025 financial year, with group revenue rising nearly 11% year-on-year. The company’s service revenue increased from R58.6 billion (≈ $3.4 billion) in the same period of 2024 to R65.8 billion (≈ $3.8 billion) in 2025, driven…

Global e-commerce giant Alibaba has officially chosen Durban, South Africa, as its strategic base for launching operations across the African continent. The announcement follows high-level engagements between eThekwini Mayor Cyril Xaba and Alibaba’s international trade representatives at the company’s headquarters in Hangzhou, China. The discussions centered on positioning Durban as…

Chari, a Moroccan startup backed by Y Combinator, has secured additional funding from DisrupTech Ventures, an Egyptian early-stage venture capital firm focused on fintech and digital infrastructure. This investment forms part of Chari’s Series A extension round, following its previously announced US$12 million Series A raise. Founded in 2020 by…

German development finance institution DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH has announced a commitment of €35 million to Mediterrania Capital IV, the latest Africa-focused private equity fund managed by Mediterrania Capital Partners. This investment reinforces DEG’s long-standing partnership with Mediterrania and its continued support for sustainable private sector development…

Inspired Evolution, through its Evolution III Energy Transition Fund, has committed $30 million to Sedgeley Solar Group (SSG), a newly formed renewable energy platform in Southern Africa. This investment is part of a broader $60 million funding round led by a consortium that includes prominent development finance institutions FMO (Netherlands)…

Beltone Venture Capital has announced a highly successful exit from its investment in Cathedis, a leading Moroccan last-mile delivery and logistics platform. The exit generated a 100% internal rate of return (IRR), marking a significant milestone for the firm and underscoring its strategic investment acumen in the region’s fast-evolving tech…

The GAIA Climate Loan Fund has successfully completed its initial close, securing $600 million in capital. This milestone marks the beginning of a significant financial initiative aimed at supporting climate adaptation efforts in regions that are both highly vulnerable to the impacts of climate change and lack the resources to…

WildyNess, a Tunis-based traveltech startup specializing in community-based tourism (CBT) and sustainable travel experiences, has successfully closed a strategic pre-seed funding round to accelerate its regional expansion and strengthen its technology platform. The funding amount remains undisclosed, but the round was co-led by Bridging Angels and the African Diaspora Network,…

Chinese automotive giant Chery is actively exploring the establishment of a vehicle assembly facility in South Africa, a move that could significantly boost the country’s automotive manufacturing sector and create new employment opportunities. The company, which owns the fast-growing Omoda and Jaecoo brands, is currently conducting feasibility studies to assess…

In a bold and unprecedented move, the Danish government has announced a cross-party agreement to ban access to social media platforms for children under the age of 15, citing growing concerns over the mental health and well-being of young users in an increasingly digital world. The initiative, led by Digitalization…

Global fintech powerhouse Revolut has appointed Yacine Faqir as Chief Executive Officer for its operations in Morocco, marking a pivotal step in the company’s North African strategy. The appointment comes just three months after Amine Berrada, a former Uber executive, was named Head of Strategy and Operations for the country.…

The Foschini Group (TFG) has reported a challenging first half of its 2026 financial year, with strong revenue growth offset by a notable decline in profitability across its key markets—South Africa, the United Kingdom, and Australia. Financial Highlights Regional Performance South Africa United Kingdom Australia Capital Allocation and Shareholder Returns…

The South African Reserve Bank’s Prudential Authority (PA) has imposed administrative sanctions on Discovery Bank Limited (DBL) following a 2021 inspection that revealed multiple breaches of the Financial Intelligence Centre (FIC) Act. The PA, which is responsible for supervising and enforcing compliance with the FIC Act, found that Discovery Bank…

Amethis, a private equity firm with a strong track record in emerging markets, has successfully completed the final close of its Amethis Europe Expansion Fund, reaching its target of nearly €150 million, which includes a dedicated co-investment envelope. This milestone marks a significant step in Amethis’ strategy to support European…

The European Investment Bank (EIB) has pledged a conditional commitment to the Adenia Entrepreneurial Fund (AEF), a new investment vehicle managed by Adenia Partners, a private equity firm focused on sustainable investments across Africa. This commitment is contingent upon the fulfillment of specific requirements, which are expected to be met…

Vodacom has officially concluded its long-running legal battle with Kenneth Makate, the originator of the “Please Call Me” service, through an out-of-court settlement. The agreement, approved by Vodacom’s board on 4 November 2025, brings finality to a dispute that has spanned over two decades and shaped South Africa’s legal landscape…

TLG Capital, a UK-based alternative asset manager, has partnered with Intercontinental Investment Bank (IIB) East Africa and IIB Group Holdings (Bahrain) to deploy a $10 million debt financing facility aimed at supporting small and medium-sized enterprises (SMEs) in Djibouti. This strategic investment marks a significant step forward in the country’s…