Author: Tapiwa Matthew Mutisi

Vodacom and Remgro have revised the terms of their high-profile R13 billion acquisition of fibre infrastructure group Maziv, signaling renewed confidence in finalizing the transaction. The restructuring comes amid ongoing regulatory scrutiny and aims to address competition concerns while optimizing the financial and operational structure of the deal. In coordinated…

The Global Innovation Fund (GIF) has announced a strategic investment in Keep It Cool (KIC), a Nairobi-based startup that is transforming agricultural and fisheries supply chains through its smart distribution platform, Markiti. This investment is part of a broader funding round led by impact investor Acumen and is aimed at…

The Credit Fund under the African Continental Free Trade Area (AfCFTA) Adjustment Fund has officially made its inaugural investment, marking a significant milestone in the fund’s mission to support Africa’s economic integration. The fund has extended a $10 million senior secured amortizing loan to Telecel Global Services, a subsidiary of…

Ride-hailing company Bolt has unveiled a new Family Profile feature in Nigeria, aimed at transforming how families and small support networks coordinate transportation. This new addition enables a single user to manage and pay for rides on behalf of up to nine other people—all within one Bolt account. The move…

Rally Cap, an early-stage venture capital firm focused on emerging markets, has partially exited its investment in South African fintech Stitch, following the latter’s successful $55 million Series B funding round. While the exact size of Rally Cap’s initial investment and the financial return from the exit remain undisclosed, the move marks…

Pembani Remgro Infrastructure Fund II (PRIF II), a South Africa-based private equity fund, is poised to acquire a 35% equity stake in Mawingu Networks, a Kenyan internet service provider. This strategic investment will grant PRIF II a controlling interest in Mawingu, marking a significant milestone in the fund’s expansion into East…

Village Capital has officially announced the selection of five Entrepreneur Support Organizations (ESOs) as venture partners for its Africa Ecosystem Catalysts Facility (AECF), a groundbreaking US$4 million initiative aimed at supporting startups that are building context-specific solutions to enhance economic mobility and climate resilience in Ghana, Nigeria, and Tanzania. Launched in collaboration with the Dutch Entrepreneurial Development Bank (FMO) and the Netherlands Enterprise…

Early-stage startups across Africa are encouraged to apply for the TractionBoost Accelerator, a globally-oriented initiative designed to prepare emerging ventures for successful pre-seed funding. This accelerator offers a unique opportunity for founders to gain the traction needed to attract early investment and scale their businesses. The TractionBoost Accelerator is a rigorous two-month programme…

Chery Group, the Chinese automotive giant behind popular brands such as Chery, Jaecoo, and Omoda, has announced plans to introduce a new energy vehicle (NEV) brand, iCAUR, to the South African market in the first quarter of 2026. This move marks a significant expansion of Chery’s electrification strategy on the African continent. Founded in 2023, iCAUR (pronounced “eye car”)…

Mediamax Network Limited, the parent company of K24 TV and People Daily, has announced plans to implement another round of job cuts—its sixth in just four years—as the company continues to grapple with a rapidly evolving media landscape. The number of affected employees has not been disclosed. In an internal memo circulated to…

African Infrastructure Investment Managers (AIIM), a leading infrastructure-focused private equity firm, has successfully completed the divestment of its equity interests in three major renewable energy projects in South Africa. The transaction, executed through AIIM’s IDEAS Managed Fund, is valued at over R750 million (approximately $41.8 million), marking a significant milestone in the firm’s renewable…

In a groundbreaking move for sustainable logistics in Africa, two innovative Kenyan startups—Roam and Keep It Cool—have partnered to unveil the continent’s first fully electric cold-chain delivery network. This pioneering initiative merges clean electric mobility with solar-powered refrigeration, setting a new benchmark for eco-friendly food distribution. Roam, a leader in electric mobility…

Private equity firm Amethis has announced a significant milestone for its portfolio company Vicenne, a key player in Africa’s medical equipment and healthcare services sector. On 15 July, Vicenne was officially listed on the Casablanca Stock Exchange, marking a pivotal moment in the company’s growth trajectory and a major success for private equity-backed ventures in…

MoneyBadger, a South African fintech startup focused on enabling everyday Bitcoin and crypto payments, has successfully closed its pre-seed funding round, raising $400,000 (approximately R7 million). This milestone reflects growing investor confidence in the company’s mission to make cryptocurrency a practical and scalable payment method across Africa. The funding round…

Global payments leader Visa has officially opened applications for the fifth edition of its Africa Fintech Accelerator, a flagship initiative aimed at nurturing and scaling high-potential fintech startups across the continent. The three-month accelerator program offers selected ventures access to mentorship, cutting-edge technology, strategic industry connections, and potential funding opportunities. Launched in 2023, the Africa…

Gaia Renewables 1, a renewable energy investment fund listed on the Cape Town Stock Exchange, has officially completed the acquisition of equity stakes in two major solar photovoltaic (PV) plants located in South Africa’s Northern Cape province. The transaction follows the successful financial close last week, after receiving project lender…

In a landmark move to strengthen Zambia’s small and medium-sized enterprise (SME) sector, British International Investment (BII), the National Pension Scheme Authority (NAPSA), and Swedfund have jointly announced the launch of Growth Investment Partners Zambia (GIP Zambia). This newly established investment platform is designed to provide long-term, flexible capital—primarily in local currency—to Zambian SMEs, addressing a…

Palm, a rising Egyptian fintech startup focused on incentivized, goal-oriented saving, has successfully closed its pre-seed funding round. The round was led by prominent venture capital firm 4DX Ventures, with additional backing from Plus VC and a group of international angel investors. Palm is on a mission to transform how individuals in Egypt…

Private equity firm Adenia Partners has announced two significant leadership promotions as part of its ongoing strategy to deepen expertise and strengthen its pan-African investment capabilities. Florent de Boissieu Appointed Chief Investment Officer Florent de Boissieu, a veteran of the firm, has been promoted to the role of Chief Investment Officer (CIO).…

Kenyan device financing startup Lipa Later, which entered administration in March 2025 due to financial distress, is now at the center of a competitive acquisition race involving at least three interested firms. The development signals a potential revival for the once-prominent fintech player in East Africa’s “Buy Now, Pay Later” (BNPL)…