Author: Tapiwa Matthew Mutisi

Tanzanian startup SkyVerse Solutions has emerged as the winner of the third edition of the AfrInnovate Youth Challenge (AYC), a continental platform that celebrates the creativity, resilience, and impact of Africa’s youth. The company was recognized for its groundbreaking mechanized post-harvest groundnut processing solution, designed to boost yields, reduce losses,…

Egyptian fintech leader MoneyHash, the Middle East and Africa’s premier payment orchestration platform, has announced a strategic partnership with Amwal Tech, a Saudi-based fintech innovator specializing in aggregated credit card installment solutions. This collaboration aims to accelerate the adoption of flexible payment options in Saudi Arabia’s rapidly evolving fintech ecosystem.…

South Africa’s Business Partners has introduced the Basadi-Women Growth Fund, a ZAR90 million (approximately US$4 million) initiative aimed at empowering women entrepreneurs. This fund is specifically designed to provide tailored business financing solutions to women who own viable formal small and medium-sized enterprises (SMEs) but often struggle to access funding…

Standard Bank has entered into a strategic partnership with Kenyan telecommunications giant Safaricom, providing a substantial funding package of $138 million to support Safaricom Telecommunications Ethiopia. This investment underscores a shared commitment to accelerating digital connectivity and inclusion across one of Africa’s fastest-growing markets. As part of the transaction, Standard…

Anglo American has received overwhelming shareholder approval to merge with Canada’s Teck Resources, paving the way for the creation of Anglo Teck, a new global mining powerhouse headquartered in Canada. Founded in 1917 in South Africa, Anglo American began as a gold mining company before expanding into diamonds, coal, and…

South African retail giant Mr Price Group has announced a major international expansion move with the acquisition of NKD Group GmbH, a leading European value apparel and homeware retailer. The transaction, valued at approximately R9.66 billion, represents one of Mr Price’s most significant strategic investments to date. Mr Price has…

The Financial Sector Conduct Authority (FSCA) has imposed administrative penalties exceeding R2 billion on online trading platform Banxso (Pty) Ltd, marking one of the largest fines in South African regulatory history. The enforcement action follows an extensive investigation that uncovered serious misconduct and systemic breaches of financial laws. In addition…

Helios Investment Partners and Fipar-Holding, a subsidiary of CDG Invest, have announced the launch of 3MDC, a new digital infrastructure platform designed to accelerate Morocco’s digital transformation and reinforce its position as a leading regional technology hub. A Unified Digital Powerhouse The new platform brings together three of Morocco’s most…

Secha Capital, acting as lead investor alongside 27four and Shade Tree Capital, has announced a strategic investment in Barracuda Holdings, a South African electronics manufacturing services (EMS) company. This transaction marks a significant milestone for Secha Capital as it introduces its innovative Chief Executive Operator Investor (CEOI) model to the…

Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), has approved an additional $800,000 financing facility for MM LEKKER, building on an earlier $400,000 working capital loan provided earlier this year. This new injection of capital underscores SEFAA’s commitment to strengthening agricultural value chains and supporting smallholder…

SPAR Group has reported a significant loss of over R5 billion for the financial year ended 26 September, driven primarily by the sale and strategic exit of its Swiss and English operations, despite encouraging performance in its South African business. SPAR posted a profit of R1.1 billion from continuing operations,…

Capitec, one of South Africa’s leading retail banks, has announced plans to acquire fintech innovator Walletdoc Holdings in a transaction valued at R400 million. The acquisition underscores Capitec’s strategic push to strengthen its position in the fast-growing digital payments and business banking space. The deal comprises a purchase price of…

Appian Capital Advisory, a global private equity firm specializing in natural resources, has successfully structured a $150 million financing package for Atlantic Group to support its acquisition of the Tongon gold mine in Côte d’Ivoire from Barrick Gold. The transaction values the Tongon mine at up to $305 million, inclusive…

The International Finance Corporation (IFC) has announced a strategic partnership with Carrefour Medical, a leading Senegalese healthcare supplier and part of the Cosemad Group. This collaboration aims to strengthen local healthcare infrastructure and improve access to essential medical services across Senegal and West Africa. Under the agreement, IFC will provide…

AfricInvest Europe has announced a strategic investment in Tecofi Group, a leading specialist in the design and manufacture of industrial valves, through its Fonds Franco-Africain 2 (FFA II). This investment strengthens Tecofi’s long-standing partnerships with Bpifrance and Garibaldi Participations, while also enabling the company’s management team to increase its ownership…

Five35 Ventures, a pan-African, female-focused, early-stage venture capital firm, has announced that it has secured a significant anchor investment from the Mastercard Foundation Africa Growth Fund, which is managed by MEDA. This strategic partnership marks a major milestone in Five35’s mission to empower women entrepreneurs across the continent. Currently, Five35…

Apple is on track to ship more smartphones than Samsung in 2025, marking its first lead in global shipments since 2011, according to a report by Counterpoint Research. Counterpoint estimates Apple will ship approximately 243 million iPhones this year, compared to 235 million units from Samsung. This would give Apple…

South African DStv subscribers are set to enjoy a wave of benefits, including free package upgrades, expanded streaming limits, cheaper decoders, and more content options, thanks to MultiChoice’s new Thol-iUpsize promotion. The promotion automatically upgrades active decoder subscribers to a higher package at no additional cost: This applies to existing…

The Tyme Group, owner of TymeBank, South Africa’s first profitable digital bank, has announced a new multi-year, multi-market partnership with Visa aimed at accelerating financial inclusion and digital payment innovation in South Africa, Southeast Asia, and beyond. TymeBank, launched in February 2019, has grown into South Africa’s third-largest bank by…

Cell C officially listed on the Johannesburg Stock Exchange (JSE) on Thursday, concluding a multi-year restructuring that transformed the business and steered it away from near collapse. The shares began trading under the ticker “CCD” at R26.50, giving the mobile operator a market capitalization of approximately R9 billion. The stock…