Author: Tapiwa Matthew Mutisi

Global satellite communications provider Intelsat has entered into a transformative partnership with the Whitaker Peace & Development Initiative (WPDI), a nonprofit founded by actor, UNESCO Special Envoy, and humanitarian Forest Whitaker. The collaboration aims to deliver high-speed satellite internet to underserved educational centers in conflict-affected regions of East Africa, specifically…

Pick n Pay, one of South Africa’s largest retail chains, has officially exited the Nigerian market by selling its 51% stake in its local joint venture, Pikwik, to EcoCommerce Nigeria, a private equity firm. While the Pick n Pay brand will continue to operate in the country under a licensing…

South Africa’s state-owned power utility, Eskom, is exploring unconventional avenues to generate revenue, including supporting Bitcoin mining operations and hosting large-scale computing infrastructure such as data centres. This strategic pivot comes as the utility grapples with a steady decline in electricity demand and mounting financial pressure. A Utility in Transition…

MTN Nigeria has officially launched the first phase of its ambitious $235 million Dabengwa Sifiso Data Centre project, marking a significant milestone in its transition from a traditional telecom operator to a major player in Nigeria’s digital infrastructure landscape. This development signals MTN’s formal entry into the commercial data hosting…

The African Export-Import Bank (Afreximbank) has announced the appointment of Dr. George Elombi as its next President and Chairman of the Board of Directors. His appointment was confirmed during the bank’s 32nd Annual General Meetings held in Abuja, Nigeria, from June 25 to 28, 2025. Dr. Elombi will officially assume…

Sahel Capital, a prominent impact investment firm focused on agribusiness in sub-Saharan Africa, has announced the disbursement of a $1 million loan facility to Persea Oil, a fast-growing avocado oil processing company operating in Kenya and Tanzania. The funding was provided through Sahel Capital’s Social Enterprise Fund for Agriculture in…

Wave, one of Africa’s highest-valued fintech startups, has secured $137 million in debt financing to strengthen its working capital and accelerate its expansion across both existing and new markets. The funding will be used to scale its mobile money operations and extend affordable financial services to underserved populations across the…

Mastercard has announced a strategic partnership with enza, a leading payment solutions provider, to expand access to its global payment infrastructure for fintechs operating across Africa. This collaboration aims to simplify how startups and enterprises integrate Mastercard’s capabilities into their platforms, enabling faster innovation and broader financial inclusion. Through this…

AXIAN Telecom, a leading telecommunications and digital services provider across Africa, has successfully priced its $600 million Senior Notes, set to mature in 2030, marking a significant milestone in the company’s financial strategy and regional growth ambitions. The bond issuance, officially recently announced, attracted strong interest from global institutional investors, underscoring confidence in…

Momint, a South African crypto and Web3 startup once hailed as a trailblazer in the local NFT and tokenized asset space, has officially announced the winding down of its operations. Despite early momentum and several landmark achievements, the company cited a combination of rising operational costs, limited user growth beyond its core…

Talenteo, an Algerian startup revolutionizing human resources management for African businesses, has successfully raised a six-figure funding round from Tunisia-based venture capital firm 216 Capital. While the exact amount remains undisclosed, the investment marks a significant milestone in Talenteo’s mission to empower African SMEs and mid-sized companies through digital transformation. Founded with a…

Oasis Capital, a prominent growth equity investor focused on small and medium-sized enterprises (SMEs) in West Africa, has officially exited its investment in Mansa Bank Côte d’Ivoire. This transaction represents a significant milestone for the firm, as it marks Oasis Capital’s first full exit in the Francophone Africa region and the second successful exit…

Metier Capital Growth Fund II has successfully exited its investment in Master Plastics through a management-led buyout, supported by a comprehensive financing package arranged by Nedbank Corporate and Investment Banking (CIB) and Investec Investment Banking. This transaction encompasses Master Plastics’ three core business units: PlusNet, Barrier Film Converters, and Peninsula Packaging. These divisions…

Leading pan-African private equity firm AfricInvest has announced its successful exit from AFG Holding, a regional banking group headquartered in Côte d’Ivoire. The exit marks the conclusion of a high-impact investment period that saw AFG achieve significant growth in scale, profitability, and regional influence. AfricInvest made its investment in AFG in October 2022 through its AfricInvest…

Octopus Energy Generation, the renewables investment arm of UK-based energy tech company Octopus Energy, has officially launched the Octopus Energy Power Africa Fund (OEPA)—a bold new initiative aimed at accelerating the clean energy transition across the African continent. The fund, which begins with an initial capital commitment of $60 million and targets a total…

Nairobi, Kenya — East African impact investment firm DOB Equity has announced the appointment of Jonathan Mukoro as an Investment Associate, reinforcing its commitment to supporting high-potential businesses across the region. Mukoro brings over seven years of experience in private equity and private lending, with a strong track record of working across key sectors such as agriculture, renewable energy,…

British International Investment (BII), the UK’s development finance institution, has announced the appointment of Sylvia Monthe as its new Coverage Director for Francophone West and Central Africa, a strategic move aimed at deepening the institution’s engagement and investment footprint across the region. In her new role, Monthe will be responsible for leading BII’s investment…

In a significant move to deepen cross-border investment collaboration, South Africa’s Public Investment Corporation (PIC) and the UK’s British International Investment (BII) have signed a memorandum of understanding (MoU) aimed at accelerating joint investment efforts across the African continent. The agreement brings together one of Africa’s largest asset managers and the UK’s development finance institution, establishing a strategic framework…

Roomz.rent, a fast-growing co-living platform based in Cairo, has successfully closed a pre-seed funding round led by regional venture firm Qora71, with participation from a network of Middle East and North Africa (MENA)-based angel investors. The investment marks a significant milestone for the startup as it looks to scale its operations and expand its…

In a landmark moment for African tech innovation, Better Auth, an open-source authentication tool built by Ethiopian solo founder Bereket Engida, has secured $5 million in seed funding to accelerate its product roadmap and scale its infrastructure offerings. The round was led by Peak XV Partners (formerly Sequoia Capital India & Southeast Asia), with participation from Y…