Author: Tapiwa Matthew Mutisi

Moniepoint Inc. has clarified headlines about a £1.2 million loss booked by its UK subsidiary, Moniepoint GB, for the 2024 financial year, stating the figure reflects early-stage set-up costs rather than a trading shortfall. Recently filed regulatory documents show the African fintech recorded the loss in its first year of…

Inspired Evolution, through its Evolution III Fund, has committed $20 million to support the expansion of Cold Solutions East Africa Holdings (CSEAHL), a leading platform for temperature-controlled warehousing and logistics across East Africa. CSEAHL is an investment vehicle established by the ARCH Cold Chain Solutions East Africa Fund, which is…

After more than ten years of sustained investment and growth across the continent, Nairobi-based asset-financing startup M-KOPA has achieved profitability for the first time. According to its latest filings in the United Kingdom, the company posted a profit of KES 1.2 billion (approximately $9.2 million) in 2024, a dramatic turnaround…

The International Finance Corporation (IFC) has announced a proposed equity investment of up to $6 million in the Catalyst Fund, a venture capital initiative aiming to raise $40 million to support early-stage climate-tech startups across Africa. Managed by Catalyst Impact Partners, the fund is designed to provide pre-seed and seed-stage…

Capitec, South Africa’s largest bank by customer base, is laying the groundwork for international expansion, signaling a strategic shift beyond its domestic stronghold. While these plans remain in their early stages, the bank’s recent performance and overseas investments suggest growing ambition. With over 25 million customers, Capitec has cemented its…

EduLife, a rapidly growing South African private schools group backed by private equity firm Sanari Capital, has officially entered Gauteng Province through the acquisition of Arrow Academy, a well-established school located in Centurion, near Pretoria. Arrow Academy currently serves approximately 400 learners, and its integration into the EduLife network pushes…

Sabika, a digital platform that provides secure, transparent, and Sharia-compliant investment opportunities in gold and silver, has secured a six-figure USD strategic investment to accelerate its growth in Egypt and expand into the Gulf region. The funding round was led by M-Empire Angels, an investment network founded by entrepreneur and…

Bitcoin, the world’s largest cryptocurrency by market capitalization, surged to a new record high on Sunday, reaching US$125,245.57 at 09:30 CAT, marking a 2.7% increase from the previous day. This milestone surpasses its earlier peak of US$124,480, recorded in mid-August. The recent rally has been fueled by a combination of…

The Impact Investors Foundation (IIF) has unveiled an ambitious plan to mobilize $8 billion in gender-inclusive capital over the next decade, as part of its newly launched Gender Equity and Social Inclusion (GESI) Roadmap 2025–2035. The announcement was made during the third Gender Impact Investment Summit (GIIS) held in Lagos,…

Glovo, a leading multi-category tech platform operating across Europe, Africa, and Central Asia, has reiterated its commitment to empowering Small and Medium Enterprises (SMEs) in Nigeria through its flagship initiative, Glovo Academy. The latest edition of the Academy was held in Abuja, bringing together entrepreneurs, government representatives, and industry experts…

Meta Platforms Inc., the parent company of Facebook and Instagram, has initiated out-of-court settlement discussions with the Nigeria Data Protection Commission (NDPC) following a legal dispute over a hefty $32.8 million fine and a series of compliance directives issued by the Commission. The penalties stem from alleged violations of Nigeria’s…

South African media company eMedia Investments, owner of e.tv, has announced the acquisition of a 30% equity stake in Pristine World Holdings, a specialist provider of high-end visual effects (VFX) services to the global film and television industry. The deal, valued at R119 million, marks a strategic move by eMedia…

Specialist agriculture investor AgDevCo has announced a significant investment in Hybrid, a leading vertically integrated poultry producer based in Zambia. The $10 million senior debt facility will support the construction of a state-of-the-art poultry processing plant, marking a major step forward in Hybrid’s expansion strategy. Hybrid is part of the…

STOA, a French investment firm focused on long-term infrastructure and energy projects in emerging markets, has announced a $27 million strategic equity investment in Atlas Tower Kenya (ATK), one of the country’s fastest-growing independent telecom tower operators. This investment marks a significant milestone for ATK, which has been expanding its…

Nigeria’s Securities and Exchange Commission (SEC) has imposed a substantial fine of ₦50.15 million on Stanbic IBTC Capital Limited, the investment banking arm of Stanbic IBTC Holdings PLC, for regulatory breaches during Guaranty Trust Holding Company Plc’s (GTCO) public share offering. The penalty, disclosed in Stanbic’s H1 2025 financial statements,…

With Threads surpassing 400 million users, Meta is taking steps to shape the platform’s identity by introducing a new feature called “Communities.” This addition is designed to create dedicated spaces where users can engage in focused conversations around shared interests and trending topics. Meta describes Communities as an evolution of…

Lisk, a leading Web3 infrastructure project, has unveiled the Lisk EMpower Fund, a $15 million venture initiative aimed at supporting early-stage startups across Africa, Latin America (LATAM), and Southeast Asia. The fund is designed to unlock opportunities in regions often overlooked by traditional venture capital, offering both financial backing and…

In a major content expansion, Disney+ has added ESPN and ESPN2 to its South African streaming platform, giving subscribers access to premium international sports content at no additional charge. The new channels went live on Thursday, 2 October 2025, and are available to all Disney+ users on both Premium and…

The acquisition of Barloworld, a Johannesburg Stock Exchange-listed industrial conglomerate, by a consortium of investors led by Saudi Arabia’s Zahid Group has officially become unconditional, marking a major milestone in the transaction. Barloworld is best known as the exclusive distributor of Caterpillar construction and mining equipment across Southern Africa. The…

The National Transmission Company of South Africa (NTCSA), a newly formed spinoff from Eskom’s transmission division, has officially appointed Monde Bala as its full-time Chief Executive Officer. This follows his interim leadership role, which began in July 2025, during a period of strategic restructuring and leadership transitions within Eskom as…