Author: Tapiwa Matthew Mutisi

AI search and assistant platform Perplexity is rolling out a new shopping feature designed to make buying products through its AI assistant more personalized and seamless. The feature, available free to all Perplexity users in the U.S., builds on the company’s existing partnership with PayPal to enable secure transactions. How…

Global design software leader Canva, headquartered in Australia, has deepened its investment in South Africa by opening a regional office in Johannesburg and expanding its local workforce as part of a broader Africa growth strategy. The new office, located in Rosebank, houses Canva’s nine-person South African team and represents the…

Tiger Brands, South Africa’s leading packaged goods and food producer, has announced a significant increase in earnings for the 2025 financial year, alongside a bold corporate brand refresh signaling a new chapter for the group. Despite a constrained consumer environment, Tiger Brands delivered robust earnings growth and sustained cash generation.…

South Africa’s largest e-commerce player, Takealot Group, expects to report its first full-year profit in the 2026 financial year, a milestone achievement 15 years after its launch. The company traces its roots to the early 2010s when Kim Reid and Tiger Global Management acquired the e-commerce business Take2, rebranding and…

After weeks of speculation, Paystack has officially addressed the controversy surrounding the exit of its Co-founder and former CTO, Ezra Olubi, stating that his employment was terminated due to “significant negative reputational damage.” In a statement, the company explained that the decision followed the resurfacing of damaging posts on X…

Revolut, the London-based financial technology powerhouse offering free and subscription-based digital banking services via its mobile app, is gearing up to enter the South African market as part of its ambitious global growth strategy. Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut has rapidly evolved into one of…

South African banking group Nedbank and state-owned logistics company Transnet have agreed to a confidential commercial settlement, bringing an end to their protracted legal battle over transactions dating back to the state capture period. According to a joint statement released on Tuesday, the settlement was reached without any admission of…

South African discount retail giant Pepkor Holdings has received regulatory clearance to establish a banking presence, marking a significant step in its diversification beyond retail and financial services. The company announced on Tuesday that the Prudential Authority granted approval in November, paving the way for Pepkor to enter South Africa’s…

CI Capital PE for Fund Management and Investment (CIPE), a subsidiary of CI Capital Holding, has announced the appointment of Karim Badr as Chief Executive Officer. This strategic move underscores the Egyptian financial services group’s ambition to broaden its footprint in non-traditional asset classes, including private equity and closed-ended fund…

The African Development Bank (AfDB) has approved a $15 million equity investment in the Adenia Entrepreneurial Fund I (AEF I), a growth-focused fund managed by Adenia Partners. This strategic investment aims to provide growth capital to small- and mid-cap companies across multiple African markets, particularly those operating in sectors that…

Chui Ventures, a pan-African seed-stage venture capital firm with a strong gender-inclusive mandate, has announced the final close of its inaugural Fund I at $17.3 million, surpassing its original fundraising goal of $10 million. The fund is dedicated to backing African founders who are building mass-market, technology-enabled solutions across Sub-Saharan…

In today’s digital age, losing data doesn’t have to be catastrophic. Thanks to cloud services and device synchronization, most information can be recovered with relative ease. Now, iPhone users have one more option to safeguard their data: Signal has officially introduced secure backups for iOS devices. This update follows the…

M-KOPA Kenya, the Kenyan arm of pay-as-you-go fintech M-KOPA Holdings, has surpassed $1.6 billion (KES 207 billion) in credit extended to customers, cementing its role as a major player in Kenya’s consumer credit market. The milestone was announced alongside the release of the company’s first Kenya-focused impact report, which highlights…

Nomba, the Nigerian fintech formerly known as Kudi, is making a strategic move into the Democratic Republic of Congo (DRC), one of Africa’s most cash-driven economies. The company’s entry point? Remittances—a sector that already sees significant money flows and offers a natural foundation for broader financial services. Building the Foundation…

Malaysia has become the latest country to announce plans to restrict social media access based on age. On Sunday, the nation’s cabinet approved a ban on social media accounts for anyone under 16, according to reports from the Associated Press. The move reflects growing global concerns about the negative impact…

With Black Friday fast approaching, OpenAI is enhancing ChatGPT’s capabilities to make shopping easier and more efficient. Starting today, the company is rolling out Shopping Research, a new feature designed to simplify product comparisons and help users make informed purchasing decisions. What Is Shopping Research? The tool is available to…

Following Google’s recent announcement that Android’s Quick Share will soon work seamlessly with Apple’s AirDrop—starting with Pixel 10 smartphones—Qualcomm has revealed that this cross-platform file-sharing feature will also be available on devices powered by its Snapdragon chips. In a post on X, Qualcomm stated: “We can’t wait for people to…

Uber has officially introduced its first fleet of electric vehicles (EVs) in South Africa, marking a significant step toward sustainable transportation in the region. The rollout began in Johannesburg, where 70 EVs are already operational. By the end of January, the fleet is expected to grow to 350 vehicles. The…

Woodlands Dairy, one of South Africa’s leading dairy producers, has announced the acquisition of 100% of Ladismith Cheese Company, including its subsidiaries Ladismith Powder Company and Mooivallei Suiwel, from Sea Harvest Group. This strategic move strengthens Woodlands Dairy’s position in the local dairy market and expands its product portfolio. Woodlands…

The Public Investment Corporation (PIC), South Africa’s largest asset manager, has announced a $30 million investment into Enko Capital’s private credit fund, reinforcing its commitment to driving economic inclusion and supporting high-growth businesses across Africa. The fund, managed by Enko Capital, is targeting a final close of $150 million in…