Author: Tapiwa Matthew Mutisi

Bolt, the ride-hailing company, has announced a significant achievement with its electric two-wheeler fleet in Kenya, which has now surpassed 500 vehicles. This milestone underscores the company’s commitment to sustainable transportation and reflects its strategic collaborations with key partners in the industry. The success of Bolt’s electric fleet can be…

OpenAI has recently unveiled GPT-4.5, its latest and most expansive AI language model to date. Initially, this model will be accessible as a research preview exclusively for ChatGPT Pro users. OpenAI has touted GPT-4.5 as its “most knowledgeable model yet,” but has also cautioned that it does not qualify as…

The European Investment Bank (EIB) has made a significant commitment to collaborate with the Africa Finance Corporation (AFC) in establishing a $750 million Infrastructure Climate Resilient Fund. This initiative is designed to bolster climate adaptation efforts across Africa by ensuring that resilience measures are integrated into every phase of infrastructure…

Flutterwave, recognized as Africa’s leading payments technology company, has officially obtained a payment system license to operate in Zambia. This significant development enables Flutterwave to offer affordable and secure mobile money services to enterprises within the country, thereby facilitating both local and international trade while enhancing financial inclusion and driving…

The European Investment Bank (EIB Global) has officially announced a significant investment of $75 million in Helios Fund V, which is managed by Helios Investment Partners. This strategic investment aims to bolster the growth of various companies that are pivotal in enhancing digital infrastructure, including data centers, fiber-optic networks, and…

The renewable energy sector in South Africa is navigating a complex landscape filled with challenges as it strives for diversification and liberalization. In this evolving environment, Standard Bank is taking significant strides to lead the way in innovative energy solutions. A groundbreaking project has recently achieved financial closure and commenced…

Clearwater Capital, a prominent private equity fund manager based in South Africa, has officially announced its acquisition of the temperature-controlled storage and logistics division of Etlin International through a business rescue agreement. This division, known as SnoLink Logistics, is set to continue its operations while serving its established clientele, which…

The Private Infrastructure Development Group (PIDG) and EDFI Management Company, through the Electrification Financing Initiative (ElectriFI), have jointly invested €4 million to significantly enhance the operations of Emerging Cooking Solutions (Supamoto) in Zambia. Supamoto offers a clean cooking solution that utilizes biomass pellets and features internet-of-things (IoT) enabled, fuel-efficient stoves.…

Summit Africa, a prominent South African fund manager, has officially launched its Summit Private Equity Fund II (SPEF II), bolstered by a significant anchor investment of $20 million from British International Investment (BII), the UK’s development finance institution and impact investor. SPEF II is strategically focused on investing in small…

Climate Fund Managers (CFM), a blended finance investment manager dedicated to addressing climate challenges across Africa, Asia, and Latin America, has announced its latest initiative to co-develop a 30MW municipal waste-to-energy project in Freetown, the capital city of Sierra Leone. This project is being undertaken in partnership with Infinitum Energy…

Kholo Capital Mezzanine Debt Fund I, under the management of Kholo Capital, has successfully reached its final close with commitments totaling ZAR 1.4 billion (approximately $76.1 million). This fund is dedicated to making long-term mezzanine debt investments in small and medium-sized enterprises (SMEs) throughout Southern Africa. The fund aims to…

Capi Money, an innovative platform aimed at helping businesses throughout Africa facilitate payments to their international suppliers, has successfully raised €17.2 million in its Series A investment round. This funding will be utilized to scale its international payments platform, which is specifically designed for small and medium-sized enterprises (SMEs) in…

MDP, a prominent player in the payment enabling sector, has joined forces with Visa, a global frontrunner in digital payments, to announce a transformative partnership aimed at empowering fintech companies and non-bank financial institutions (NBFIs) across Egypt. This collaboration is designed to facilitate the seamless deployment of financial services, driving…

Alterra Capital Partners has announced a strategic investment in ARP Africa Travel Group, partnering with the founding family to facilitate the company’s expansion throughout East Africa and beyond. ARP Africa Travel Group operates several well-known brands, including Pollman’s Tours and Safaris Limited in Kenya, Ranger Safaris in Tanzania, and ARP…

WigWag, a South African e-commerce digital payments platform, has undergone a rebranding under its parent company, Stitch, and will now be known as “Stitch Express.” This refreshed solution is specifically designed to support businesses that utilize e-commerce platforms by providing simplified and high-converting digital payment options. Founded in February 2021,…

Last week, a significant breach in the cryptocurrency world occurred when hackers managed to steal approximately $1.4 billion in Ethereum from the crypto exchange Bybit, marking what is believed to be the largest crypto heist in history. In response to this unprecedented theft, Bybit has announced a substantial bounty program,…

RapidDeploy, a pioneering company founded in South Africa, has made significant strides in the realm of public safety by developing a cloud-native next-generation 911 solution. Recently, the company has been acquired by Motorola Solutions, although the financial details of the transaction remain undisclosed. RapidDeploy’s innovative product suite for Next Generation…

Zydii, a prominent digital workforce platform, has announced an exciting collaboration with Venture for Africa (VFA), a well-regarded talent accelerator, to introduce a new, practical, and execution-focused Go-to-Market (GTM) strategy course tailored specifically for African businesses. This initiative is designed by African experts, ensuring that the content is relevant and…

Basata Holding for Financial Payments S.A.E., a prominent fintech company specializing in digital payment solutions, has solidified its presence in Jordan by increasing its stake in MadfoatCom, the country’s leading electronic payment provider, to 25%. This strategic acquisition enhances Basata’s role in promoting digital financial inclusion throughout the region and…

Africa Finance Corporation (AFC), a prominent entity in infrastructure financing across the African continent, has successfully raised $400 million through a Shariah-compliant Commodity Murabaha facility. This significant development marks AFC’s strategic re-entry into the Islamic finance market after an eight-year absence, underscoring its commitment to diversifying funding sources and enhancing…