Author: Tapiwa Matthew Mutisi

Vodacom South Africa has received final regulatory approval to acquire a co-controlling stake in Maziv, a major fibre infrastructure provider that operates Vumatel and Dark Fibre Africa. The decision marks the conclusion of a three-and-a-half-year regulatory process, clearing the way for a significant capital injection into Maziv’s operations. The approval, confirmed on August 14, 2025 by Pieter Uys,…

Ajua, Africa’s leading customer experience (CX) platform, has announced the acquisition of Rate My Service (RMS), a Kenyan-based platform specializing in customer and employee experience solutions. This strategic acquisition marks a significant step in Ajua’s mission to dominate the continent’s experience management space and deliver hyper-localized, data-driven CX strategies. The deal…

Africa50, the pan-African infrastructure investment platform, has announced the first close of the Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD) at $118 million, marking a major step forward in mobilizing capital for climate-resilient infrastructure across the continent. The AGIA-PD fund, managed by Africa50, is designed to blend public, private, and philanthropic…

The International Finance Corporation (IFC) has announced plans for a proposed equity co-investment of up to $10 million in Safari Holdings, a leading player in East Africa’s tourism sector. The investment will be made via a Mauritius-based investment vehicle, in partnership with the Alterra Africa Accelerator Fund, marking a joint…

Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), has extended a $1.5 million working capital loan to Nulla Group, a women-led agribusiness based in Cameroon. This investment underscores Sahel Capital’s commitment to supporting inclusive and sustainable agricultural enterprises across Africa. Nulla Group operates as a maize aggregator and processor, with its…

TLcom Capital, a leading venture capital firm with a strong footprint across Africa, has announced that it has deployed 50% of its $5 million pre-seed fund, marking a significant milestone in its strategy to support the continent’s earliest-stage tech entrepreneurs. The fund, known as TIDE Africa Pre-Seed Investments (TAPSI), reached this halfway…

Igor Babuschkin, a co-founder of Elon Musk’s artificial intelligence startup xAI, has officially stepped down from his role to establish a new venture capital firm, Babuschkin Ventures. The announcement was made via a post on X (formerly Twitter), where Babuschkin reflected on his journey with xAI and shared his vision for…

Standard Bank has revised its expectations for South Africa’s economic growth in 2025, lowering its GDP forecast to just 0.9%, down from the 1.7% it projected earlier in March. Despite this downgrade, the bank remains confident in its ability to deliver robust financial results and maintain solid earnings growth. In its interim financial results for…

Street Wallet, a South African fintech startup focused on mobile payments, has raised $350,000 (R6.2 million) in funding at a valuation of $2 million (R35.5 million). The round, led by undisclosed investors, marks a significant milestone for the company as it aims to deepen its presence in South Africa’s vast informal economy, accelerate…

South Africa’s largest retail bank by customer base, Capitec, has issued a bullish trading update, forecasting a significant rise in earnings for the six-month period ending 31 August 2025. The bank expects headline earnings per share (HEPS) to increase by between 22% and 27%, reaching between 6,764 cents and 7,041 cents per share, respectively. This anticipated…

pawaPay, a leading mobile money payment aggregator focused on Africa, has announced an extended partnership with Airtel Africa aimed at streamlining and accelerating international money transfers for millions of users in Malawi and other key markets across the continent. The collaboration is set to enhance the efficiency of cross-border transactions by enabling licensed international money…

Global IoT solutions provider floLIVE has announced the launch of a transformative connectivity service designed to revolutionize transport and logistics operations across Sub-Saharan Africa. The new offering aims to address long-standing challenges in fleet monitoring, cargo tracking, and cross-border communications by delivering cost-effective, high-bandwidth cellular connectivity tailored to the region’s unique needs. floLIVE’s solution enables…

In a bold and unexpected move, artificial intelligence startup Perplexity AI worth $18 billion has submitted a $34.5 billion all-cash offer to acquire Google’s Chrome browser, the world’s most widely used internet browser with over 3.5 billion users globally. The bid comes at a time when Google is under intense regulatory scrutiny and facing potential…

Yamify, a Democratic Republic of Congo–based AI infrastructure startup, has raised $100,000 in pre-seed funding from Felix Anane, an early backer of Paystack. The company is also seeking an additional $100,000 to close the round. The capital will be used to launch its flagship Managed Cloud Prototypes (MCP) feature, which…

The Enko Capital–Oronte consortium has completed its 100% acquisition of Société Générale Mauritania (SGM), following the final regulatory approval granted by the Central Bank of Mauritania. The closing of this transaction marks the complete exit of the Société Générale Group, which had been the bank’s reference shareholder since 2007. With…

Nedbank has announced plans to acquire payments fintech iKhokha for R1.65 billion ($94.3m), marking one of the bank’s largest fintech investments to date. The deal, which is structured as an all-cash transaction, represents a significant step in Nedbank’s ongoing strategy to strengthen its offering to South Africa’s small and medium-sized…

The Competition Commission has given the green light for Cell C to acquire Comm Equipment Company (CEC), marking an important milestone in the mobile operator’s restructuring plans. The transaction received unconditional approval, meaning it can proceed without any regulatory constraints. CEC is currently owned by The Prepaid Company (TPC), a…

The Nigerian Communications Commission (NCC) has unveiled a new policy under its Corporate Governance Guidelines 2025, introducing a mandatory cooling-off period for former senior officials before they can take up roles with telecom operators. The rule stipulates a five-year restriction for commissioners, executive vice-chairpersons, and the chief executive officer, and a three-year restriction for departmental directors. This measure is…

HoneyCoin, a Nairobi-based fintech startup specializing in stablecoin-powered payment rails, has raised $4.9 million in seed funding to accelerate its expansion into new markets across Africa, Latin America, and Asia. The funding round was led by Flourish Ventures, with participation from a diverse group of global investors including TLcom Capital, Stellar Development Foundation, Lava, Musha Ventures, 4DX Ventures, Antler, and Visa…

In a landmark move aimed at accelerating digital connectivity across Africa, Airtel Africa and Vodacom Group have entered into a strategic agreement to share fibre and tower infrastructure in Mozambique, Tanzania, and the Democratic Republic of Congo (DRC). The partnership, which is currently pending regulatory approval in each country, is expected to significantly enhance the rollout of 4G and…