Author: Tapiwa Matthew Mutisi

Absa Group is gearing up to launch its own mobile virtual network operator (MVNO), positioning itself as the final major South African bank to enter the increasingly competitive telecom space. This move follows in the footsteps of rivals such as Capitec, Standard Bank, FNB, and Nedbank, all of which have…

Norfund, the Norwegian investment fund for developing countries, has committed up to $6 million to support the acquisition of Langeberg Foods, one of South Africa’s leading canned fruit producers. The investment is part of a landmark farmer-led takeover of the business, aimed at securing local ownership, preserving jobs, and revitalizing…

South African entrepreneur Alexandria Procter, best known as the founder of student accommodation platform DigsConnect, is spearheading a new initiative to invest R25 million (approximately $1.4 million) into early-stage startups across the African continent. The initiative, named Pharos of Alexandria Ventures, aims to identify and support high-potential founders building impactful…

The European Investment Bank (EIB) has announced a proposed equity investment of $38 million in the Tanmiya Capital Ventures Fund II (TCV II), a private equity fund focused on supporting private sector growth in Egypt. TCV II is designed to catalyze investment in Egyptian businesses, particularly small and medium-sized enterprises…

Global investment firm Actis has signed a share purchase agreement to divest its stake in Mi Vida Homes, a Kenyan real estate development company, through a management-led buyout. The transaction, which is pending regulatory approval, represents a significant milestone in the evolution of institutional residential development in Africa. Founded in…

Ghanaian digital banking startup Affinity Africa has officially crossed the 100,000 customer mark, a major milestone that underscores the company’s rapid and organic growth. According to Affinity, this achievement is largely driven by word-of-mouth referrals and strong customer advocacy, as more Ghanaians embrace the platform’s promise of simple, affordable, and…

Apple is significantly enhancing its Security Bounty program this November, offering some of the highest payouts in the industry to incentivize advanced cybersecurity research. The company has doubled its top reward from $1 million to $2 million for researchers who uncover exploit chains capable of achieving the same outcomes as…

Google Chrome is rolling out a new feature designed to help users manage notification fatigue more effectively. The browser will now be able to automatically revoke notification permissions from websites that users haven’t interacted with recently, cutting down on unnecessary alerts and improving overall user experience. This feature works similarly…

Rishi Sunak, who served as the United Kingdom’s Prime Minister from 2022 to 2024, has taken on senior advisory roles at Microsoft and Anthropic, two of the most influential players in global technology and artificial intelligence. The appointments, disclosed by the Advisory Committee on Business Appointments (Acoba), have sparked debate…

A federal jury in Marshall, Texas has ruled that Samsung Electronics must pay $445.5 million in damages to Collision Communications, a New Hampshire-based patent holder, for willfully infringing four patents related to 4G, 5G, and Wi-Fi communications standards. The jury found that a wide range of Samsung products, including Galaxy…

Uganda has officially launched its first Central Bank Digital Currency (CBDC), marking a transformative moment in the country’s financial and industrial landscape. In partnership with Global Settlement Network (GSN) and Diacente Group, the government is rolling out a $5.5 billion tokenized economy, not as a tech experiment, but as a…

IHS Holding Limited, a global leader in shared telecommunications infrastructure, has finalized the sale of its Rwandan subsidiary, IHS Rwanda Limited, to Paradigm Tower Ventures for $274.5 million, concluding a strategic divestment first announced in May 2025. The transaction involves the full transfer of 100% of IHS Rwanda’s operations, which…

India-listed pharmaceutical company Natco Pharma has received shareholder approval to acquire a significant minority stake in Adcock Ingram, a leading South African healthcare firm. The move marks a major step forward in Natco’s international expansion strategy and signals a new chapter for Adcock Ingram, which is set to be delisted…

Pick n Pay is beginning to show tangible improvements across several key performance indicators as it continues its turnaround efforts aimed at restoring profitability. The retailer has endured a turbulent period marked by the collapse of its Ekuseni strategy, substantial financial losses, and a state of technical insolvency. In response,…

Standard Bank has played a central role in enabling African Bank’s successful foray into sustainable finance, culminating in the issuance of its first-ever R700 million (approximately $40.8 million) Senior Unsecured Social Bond. This milestone marks a significant step in African Bank’s commitment to inclusive growth and responsible banking. The journey…

Flutterwave UK has reported a significant deterioration in its financial health for the fiscal year ending December 31, 2024, despite achieving notable revenue growth. The company recorded a net loss of £2.27 million, a sharp increase from the £485,000 loss reported in 2023. This downturn occurred even as turnover rose…

Raenest, a Nigeria-based fintech specializing in cross-border remittances and multicurrency accounts for freelancers and businesses, has officially expanded into the United States, marking its most significant international move to date. The expansion comes just eight months after the company secured $11 million in Series A funding, which it is now…

After nearly two decades of executive leadership, Saul Saltzman, son of Dis-Chem founders Ivan and Lynette Saltzman, has formally submitted his resignation as Executive Director of the company. The transition will take effect on 27 February 2026, as announced by the board. While stepping down from his executive role, Saul…

Jubilee Metals Group, a London-headquartered diversified miner, has confirmed substantial progress in divesting its South African chrome and platinum group metals (PGM) operations. This move aligns Jubilee with a growing trend of international companies scaling back or exiting South Africa amid challenging economic conditions. In August 2025, Jubilee received a…

The Johannesburg Stock Exchange (JSE) has announced the appointment of Valdene Reddy as its new Group Chief Executive Officer, effective 1 April 2026. Reddy, who currently serves as the JSE’s Director of Capital Markets, will succeed Dr. Leila Fourie, who will retire from her role on 31 March 2026 after…