Author: Tapiwa Matthew Mutisi

Unity Bank has officially appointed Ebenezer Kolawole as the Acting Managing Director and Chief Executive Officer, taking over from Oluwatomi Somefun, who has retired after a decade of dedicated leadership. This significant appointment has received the endorsement of the Central Bank of Nigeria (CBN) and was publicly announced during the…

Adeniyi Abiodun, co-founder of the blockchain infrastructure firm Mysten Labs, along with his wife, Gloria Abiodun, has announced the establishment of a $1.3 million endowment fund aimed at training African software engineers. This initiative seeks to address the critical shortage of tech talent in the region’s rapidly expanding technology ecosystem.…

Norfund is making a significant investment in the AFGRI Group, a prominent agricultural services company based in South Africa, by providing strategic funding amounting to ZAR 600 million (approximately $33 million). This funding is aimed at supporting AFGRI in various critical areas, including financing capital expenditures, enhancing working capital, and…

Alitheia Capital and Goodwell Investments have officially announced the successful exit of their joint investment in the uMunthu Fund, marking a significant milestone with the divestment from Baobab Nigeria. Baobab Nigeria is a financial institution dedicated to providing essential banking services to individuals and micro, small, and medium-sized enterprises (MSMEs)…

Swedfund, the Swedish development finance institution, has officially announced a significant investment of €15 million in the AfricInvest Small Cap Fund, a private equity initiative specifically designed to bolster the growth of small and medium-sized enterprises (SMEs) across the African continent. This strategic investment acknowledges the vital role that SMEs…

Startups from Kenya and the broader East African region are encouraged to apply for the Startup 360 Connect Programme, an initiative designed to facilitate global expansion for emerging ventures while capitalizing on the vibrant innovation ecosystems present in both Kenya and the United Kingdom (UK). Supported by the UK Government,…

Proparco has entered into a significant partnership with Equity Group to bolster sustainable agriculture initiatives in Kenya. This collaboration is set to provide technical assistance amounting to one million euros to the Equity Group Foundation (EGF) for the implementation of its “Climate Resilient Agri-Food Systems” (CRAFS) project. The formal signing…

Google has officially inaugurated its first “cloud region” in Johannesburg, marking a significant milestone as the tech giant intensifies its efforts to compete with its American counterparts, Microsoft and Amazon Web Services (AWS), in establishing robust data center infrastructure in South Africa. While the data center region was initially launched…

Yango Group, a prominent global technology company dedicated to integrating advanced technology into local communities, has officially launched Yango Ventures, a corporate venture fund aimed at empowering promising startups across Latin America (LATAM), Sub-Saharan Africa, the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), as well as other high-growth regions…

ValU, the Egyptian financial technology platform renowned for its widely used “Buy Now, Pay Later” (BNPL) service, is poised to become a publicly traded company on the Egyptian Exchange (EGX). This development follows the announcement from its parent company, EFG Hermes Holding, which revealed that the board has approved the…

Twelve innovative South African startups have been chosen for the third edition of the Injini Mastercard Foundation EdTech Fellowship, a program designed to provide these companies with essential funding and various forms of support to enhance their educational initiatives. Injini, founded in 2017 and a member of the UVU Africa…

MultiChoice Group is set to implement price increases across its DStv satellite and Showmax streaming platforms in 2025 for customers in South Africa, with football fans facing the most significant hikes. While the majority of DStv satellite packages will see modest increases that remain around or below the inflation rate,…

Cairo-based startup Grinta, a fintech-enabled B2B technology platform focused on digitizing the pharmaceutical supply chain, has successfully secured an undisclosed amount of funding and made a significant acquisition as part of its strategy for further expansion. Founded in 2021 by a team of innovators—Mohamed Azab, Yosra Badr, Ali Youssef, and…

Gaia Renewables 1, a company listed on the Cape Town Stock Exchange, has made a significant announcement regarding its expansion in the renewable energy sector. The firm has successfully acquired stakes in three renewable energy plants, marking a strategic move to enhance its portfolio in sustainable energy. The acquisition, which…

Maju Kuruvilla, who previously held the position of CEO at the controversial one-click checkout startup Bolt, has made a notable return to the entrepreneurial scene. After stepping down from his role at Bolt last year, Maju Kuruvilla is now embarking on a new venture that aims to tackle a different…

Startup Club ZA, in partnership with The South African Future Trust, is excited to unveil The Big Pitch 2025—an exceptional opportunity tailored for bold and innovative startups eager to take their vision to new heights. This initiative represents South Africa’s first-ever startup pitch competition, boasting an impressive prize pool of…

Elon Musk’s Starlink has rapidly ascended to become Kenya’s seventh-largest internet service provider (ISP), surpassing established local competitors such as Dimension Data and Liquid Telecommunications Kenya in just six months after entering the country’s top ten ISPs. As of the latest data from the Communications Authority of Kenya (CA), Starlink…

South African digital bank TymeBank has reported a significant increase in its deposits, reaching nearly R7 billion (approximately $385 million) just three months after achieving unicorn status. This information was disclosed in the interim financial results released by its majority shareholder, African Rainbow Capital (ARC). The Johannesburg-listed investment firm, which…

Fawry, Egypt’s leading fintech company, has entered into a strategic agreement with Contact Financial Holding, the country’s foremost non-banking financial services provider, to enhance their partnership by integrating Contact’s Buy Now, Pay Later (BNPL) service into Fawry’s extensive payment network. This network encompasses over 370,000 point-of-sale (POS) terminals and includes…

IHS Towers (IHS), recognized as the world’s fourth-largest independent communications infrastructure provider, has reported a reduction in its losses for 2024, narrowing them to $1.64 billion compared to $1.98 billion in 2023. While this reduction indicates a slight improvement, the overall performance of the company remains concerning, as it marks…