Author: Tapiwa Matthew Mutisi

Rain, the South African wireless internet network operator, has announced a significant leadership change. Founder and long-serving CEO Brandon Leigh will be stepping down from his executive role. His brother, Conrad Leigh, who has held key leadership positions within the company, will assume the role of Chief Executive Officer. Brandon…

Prosus, the Dutch-based global technology investor controlled by South Africa’s Naspers, is reportedly preparing to reduce its ownership in Delivery Hero as part of efforts to gain regulatory approval for its proposed acquisition of Just Eat Takeaway.com. The European Commission has reportedly urged Prosus to either significantly reduce or fully…

France-based media giant Canal+ has received formal approval from South Africa’s Competition Tribunal to proceed with its acquisition of MultiChoice, a landmark deal valued at approximately R53 billion (about $3 billion). This development marks a significant milestone in the consolidation of two major players in the global media and entertainment industry. The Tribunal’s approval is subject…

In a landmark move to enhance digital infrastructure and connectivity across East Africa, Kenya and Tanzania have officially launched a new terrestrial fiber optic link connecting the coastal cities of Dar es Salaam and Mombasa. This strategic initiative is designed to significantly improve internet access, foster regional integration, and support…

Telegram has officially expanded access to its integrated cryptocurrency wallet, known as the TON Wallet, to its 87 million users in the United States. This marks a significant milestone for the messaging platform, which had previously limited wallet availability to international users due to regulatory constraints. The TON Wallet is built…

Verod Capital Management has officially exited its investment in TAG West Africa through its Verod Capital Growth Fund II. The exit comes as Transnational Academic Group (TAG), an existing shareholder, acquires Verod’s stake in the company. TAG West Africa is the operator of Lancaster University Ghana, a pioneering institution in…

Flend, Egypt’s pioneering digital lending platform for small and medium-sized enterprises (SMEs), has successfully closed a $3 million seed funding round. The round comprises a strategic mix of equity and debt financing, aimed at accelerating the company’s mission to bridge the SME financing gap through fully digital financial services. The equity…

Itana, previously known as Talent City and widely recognized as Africa’s pioneering digital free zone, has unveiled what it claims to be the continent’s first fully integrated AI and data innovation hub. This initiative is designed to support African startups, researchers, and developers working on artificial intelligence technologies by providing…

The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, has announced a major anchor investment in Axian Telecom’s latest $600 million five-year bond issuance, reinforcing its commitment to advancing digital connectivity across frontier markets. As part of a $160 million anchor tranche, EAAIF contributed $40 million, joining forces with other leading development finance institutions…

In a dramatic turn of events, a South African High Court has provisionally liquidated the venture firm 54 Collective, formerly known as Africa Founders Ventures NPC (AFV), following grave allegations of financial misconduct. The allegations were brought forward by the Mastercard Foundation, which had entrusted the firm with a $106.5 million charitable grant aimed at…

Ethiopia has officially introduced its first-ever domestic credit card, a landmark development that underscores the country’s growing commitment to modernizing its financial infrastructure and embracing the digital payment revolution sweeping across East Africa. This milestone is the result of a strategic collaboration between SanuPay, a UAE-based and licensed payment processor, and OpenWay,…

Transsion Holdings, the Chinese smartphone manufacturer behind popular African brands such as Tecno, Infinix, and itel, is preparing for a secondary listing on the Hong Kong Stock Exchange, marking a significant step in its evolution from a regional powerhouse to a global tech contender. The move was disclosed in a recent filing with the Shanghai…

Qoray, a Nigerian mobility company focused on electric vehicles (EVs), has signed a strategic Memorandum of Understanding (MoU) with TotalEnergies Marketing Nigeria Plc to tackle one of the most significant barriers to EV adoption in the country: reliable after-sales service and infrastructure. This partnership directly addresses widespread concerns among current and prospective EV owners…

The Africa Finance Corporation (AFC) has secured a landmark $255 million loan facility from a consortium of leading banks in the United Arab Emirates, marking its first-ever entry into the UAE Dirham loan market. This strategic move not only diversifies AFC’s funding sources but also reinforces its commitment to sustainable infrastructure development across Africa. “This facility…

Standard Bank has proudly served as Joint Bookrunner in the successful $75 million accelerated bookbuild (ABB) for Karooooo, a Nasdaq-listed global mobility solutions provider. The transaction involved a secondary share sale by Karooooo’s founder and CEO, Zak Calisto, and was met with strong demand from institutional investors, particularly in the US and UK, with the order book oversubscribed more than three…

AfricInvest, a leading pan-African private equity firm, has announced a strategic investment in Unisystem Group, a Morocco-based provider of electronic security, digital infrastructure, and energy solutions. The investment comes at a pivotal moment as Unisystem undertakes a comprehensive corporate reorganization aimed at strengthening its market position and unlocking new growth opportunities across high-potential…

The African Development Bank (AfDB) has approved a $40 million equity investment in Project Zafiri, a landmark initiative designed to accelerate the deployment of decentralized renewable energy (DRE) solutions across Africa. This investment marks a significant step toward closing the continent’s energy access gap, particularly in underserved and remote communities. Project Zafiri is a collaborative effort spearheaded by…

Takealot Group, South Africa’s leading e-commerce company and a subsidiary of global tech investor Naspers, is transforming its food delivery platform Mr D into a full-fledged on-demand convenience marketplace. The move is part of a broader strategy to stay competitive in an increasingly crowded e-commerce landscape, especially following the entry of Amazon into the South…

WeBuyCars, the JSE-listed South African vehicle trading platform, has introduced two proprietary artificial intelligence tools—“Blue” and “Orange”—which the company believes will be foundational to its long-term growth and operational efficiency. The tools are designed to serve distinct but complementary functions within the business: “We’re scaling that up as we go,” said Beukes,…

Telkom, South Africa’s oldest telecommunications provider, has introduced a refreshed brand identity, marking a new chapter in its evolution as a modern, customer-focused tech company. The rebrand includes a redesigned logo and a vibrant new visual language, aimed at reinforcing Telkom’s commitment to innovation, connectivity, and relevance in a rapidly…