Author: Tapiwa Matthew Mutisi

In a move that highlights the growing spirit of collaboration within South Africa’s financial technology sector, two leading fintech players — Float and Adumo — have announced a strategic partnership aimed at transforming the in-store payment experience for consumers. Float, a Buy Now, Pay Later (BNPL) provider, has teamed up…

Samsung is gearing up for its third Unpacked event of 2025, scheduled for July 9 at 10 AM ET. The event will be broadcast live from Brooklyn, New York, and streamed globally via the Samsung Newsroom, the company’s official website, and its YouTube channel. This mid-year Unpacked is expected to spotlight the next evolution of Galaxy AI and…

Cutstruct, a Nigerian startup revolutionizing procurement in the construction industry, has successfully raised $1.5 million in seed funding to accelerate its growth and deepen its impact across Nigeria’s built environment sector. Founded by John Oamen and Tayo Odunsi, Cutstruct operates a digital construction procurement marketplace that connects real estate developers, contractors, and other buyers with a network…

South African startup Regenize, a pioneer in zero-waste solutions and inclusive recycling systems, has received an undisclosed investment from E Squared Investments, marking the firm’s first venture philanthropy transaction under its newly launched impact strategy. Founded with a mission to make recycling more accessible and equitable, Regenize has built a community-driven, decentralised recycling model that integrates…

Nigerian B2B marketplace startup Sabi has announced a strategic shift in its business model, accompanied by a workforce reduction affecting approximately 20% of its employees—around 50 team members. The move comes as the company pivots from its broader informal trade marketplace model to a more focused approach centered on commodity exports and traceability. Founded in 2020,…

Hizo, a promising Nigerian fintech startup, has successfully raised $100,000 in a “friends and family” seed funding round to accelerate its mission of transforming how money moves across African borders. The funding will support the company’s efforts to simplify intra-African remittances by enabling seamless transactions in local currencies, without the need for…

Scalar International and Mergence Investment Managers have officially announced the launch of a substantial $150 million private equity fund aimed at financing clean energy and digital infrastructure projects in Southern Africa. This initiative, named the Africa Decarbonization Fund I, is designed to support energy-efficient and decarbonization efforts within the commercial…

Moroccan regtech startup VOVE ID has successfully secured new investment from The Baobab Network, a significant step aimed at accelerating its growth across Africa and the Middle East. While the exact amount of funding has not been disclosed, this investment represents a pivotal milestone for the high-end digital identity verification…

Private equity investor Development Partners International (DPI) has officially announced the launch of DPI Venture Capital, a new initiative aimed at targeting investments in early-stage, growth-oriented technology businesses across the African continent. This strategic move reflects DPI’s recognition of the significant opportunity to support nascent companies and further its mission…

The European Union, in collaboration with the Government of Togo, has officially opened applications for startups eager to present their ideas at the upcoming BlueInvest Africa event, scheduled to take place in Lomé, Togo, on October 15-16. BlueInvest Africa serves as a premier platform designed to connect innovative African entrepreneurs…

FSD Africa Investments (FSDAi), a specialist development finance investor backed by the UK, has announced a significant investment of £10 million (approximately $13.2 million) into ARM-Harith’s Climate and Transition Infrastructure Fund. This strategic investment aims to unlock local institutional capital specifically for climate infrastructure projects in Nigeria. The investment from…

Egyptian quick commerce (q-commerce) startup Rabbit has successfully secured an undisclosed amount of funding from prominent blue-chip investors, marking a significant milestone in its growth trajectory. In addition to this financial backing, Rabbit has made a strategic move to expand its operations into the Saudi market by establishing a regional…

The African Private Capital Association (AVCA) has officially released its highly anticipated 2024 Venture Capital in Africa Report, providing a comprehensive analysis of the venture capital landscape across the continent. In 2024, Africa attracted a total of $3.6 billion in venture capital funding, which included $1 billion sourced from venture debt. However, the report highlights…

Futuregrowth Asset Management, a prominent player in South Africa’s financial sector, has officially announced the appointment of Vuyolwethu Nogantshi as its new Chief Executive Officer (CEO), a transition set to take effect in July 2025. This strategic move is part of the company’s ongoing efforts to strengthen its leadership and…

Africa-focused fintech company OPay has achieved a significant milestone, with its valuation now reaching $2.75 billion, as reported in recent regulatory filings from its minority investor, Opera Limited. While this increase in valuation is noteworthy, the filings also highlight a significant slowdown in unrealized fair value gains associated with OPay.…

On Monday, Meta Platforms CEO Mark Zuckerberg took the stand in a pivotal trial in Washington, D.C., where U.S. antitrust regulators are challenging the company’s acquisitions of Instagram and WhatsApp. The Federal Trade Commission (FTC) alleges that Meta spent billions on these purchases to eliminate competition and maintain its dominance…

On Monday, the small African kingdom of Lesotho officially granted a license to the satellite internet service Starlink, owned by tech billionaire Elon Musk. This decision came just hours after the government denied allegations that it was hastily advancing the licensing process in exchange for favorable trade concessions from the…

In a significant development for the telecommunications sector in South Sudan, MTN South Sudan has successfully secured a new operating license from the National Communication Authority. This license grants the company the right to operate within the country for an extended period of 15 years, despite the ongoing challenges posed…

On Monday, President Cyril Ramaphosa officially announced the appointment of Mcebisi Jonas, the former deputy minister of finance, as a special envoy to the United States. This role positions Jonas as the official representative of both the president and the government of the Republic of South Africa in the US.…

The Agence française de développement (AFD) has announced an additional contribution of €3 million to the Africa Digital Financial Inclusion Facility (ADFI), which is managed by the African Development Bank (AfDB). This new funding aims to accelerate financial inclusion efforts across the African continent. With this latest contribution, the total…