Author: Tapiwa Matthew Mutisi

Flood, a pioneering superapp-as-a-service platform, has successfully raised an additional $2.5 million in seed funding to fuel its next phase of growth. This latest round, led by venture capital firm CRE.vc and supported by a group of strategic angel investors, builds on the company’s earlier $1 million seed round completed…

South African payment services provider Peach Payments has announced a strategic partnership with MoneyBadger, a leading bitcoin and cryptocurrency payment solutions provider. This collaboration will allow Peach Payments’ merchants to accept payments in bitcoin and a range of other crypto assets, expanding payment options for consumers across the region. Peach Payments is one of Africa’s…

Telecommunications company Telkom has continued its upward trajectory in earnings, fueled by robust growth in data revenues. The telecommunications group recently reinstated dividend payments after posting a substantial profit of R7 billion for the 2024/25 financial year. This positive momentum carried into the latest quarter, with earnings continuing to rise. “We are pleased…

The Egyptian government has reportedly given TikTok a strict three-month deadline to align its operations with the country’s legal framework and cultural values or risk being banned. This ultimatum was revealed by Ahmed Badawi, a member of the House of Representatives’ Telecommunications Committee, following a high-level meeting involving key stakeholders. The meeting…

Nedbank has successfully concluded a major organizational restructuring initiative, aimed at enhancing profitability and operational efficiency in the face of a challenging economic climate. The restructuring focused on streamlining its Retail and Business Banking (RBB) and Nedbank Wealth divisions, aligning them more closely with client needs and market dynamics. CEO Jason Quinn confirmed that the…

The National Bank of Ethiopia (NBE) has officially banned four U.S.-based money transfer companies, Shgey Money Transfer, Adulis Money Transfer, Ramada Pay (Kaah), and TAAJ Money Transfer, for allegedly operating without proper licenses and facilitating unauthorized cross-border transactions. These companies, widely used by the Ethiopian diaspora in states like Maryland,…

Mediterrania Capital Partners (MCP), a leading private equity firm focused on growth investments in North and Sub-Saharan Africa, has announced a significant investment in Dislog Dispositifs Médicaux (DDM), the healthcare division of Morocco’s Dislog Group. The investment, totaling MAD 540 million (approximately USD 59 million), was made in partnership with CDG Invest Growth,…

Wuilt, a Cairo-based startup specializing in e-commerce infrastructure, has successfully raised $2 million in fresh funding to accelerate its growth and regional expansion. The investment round was led by Flat6Labs and MTF VC, both of which had previously backed the company. Additional support came from Hub71, JIMCO (the venture capital arm of Abdul Latif Jameel), Purity Tech, and a…

The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, has secured a $100 million debt facility from Export Finance Australia (EFA). This strategic commitment underscores EAAIF’s ambition to expand its footprint into Asian markets and mobilize capital for critical infrastructure projects across South and Southeast Asia. The newly secured facility will empower…

The European Bank for Reconstruction and Development (EBRD) has announced a commitment of up to US $80 million as a founding investor in North Africa Fund III (NAF III), a private equity fund managed by RMBV. This marks RMBV’s first independently managed fund since its transition to independence in 2019. RMBV said in a statement: This $80…

Namibian private equity firm Eos Capital has announced the appointment of Elzine Mushambi as Co-Managing Director, effective 1 August 2025. She will jointly lead the fund manager alongside Immanuel Kadhila, marking a significant leadership milestone for the firm. Over the past ten years, Eos Capital has established itself as a cornerstone of Namibia’s private equity landscape, successfully…

PayShap, South Africa’s real-time digital payments platform, is accelerating the rollout of its latest feature, PayShap Request, which is gaining traction among financial institutions and fintech partners. A broader national launch is expected later this year. Introduced in December 2024, PayShap Request offers an alternative way to make digital payments by allowing payees…

Cairo-based startup Suplyd has successfully closed a $2 million pre-Series A funding round to accelerate the expansion of its digital procurement platform for restaurants. The company aims to move beyond simple distribution and build a full-stack infrastructure for Egypt’s $10 billion HORECA (Hotels, Restaurants, and Catering) supply chain. The round was led by 4DX Ventures, Camel Ventures, and Plus VC,…

Multichoice is moving forward with a significant restructuring plan as part of its potential acquisition by French media giant Canal+. Canal+ has proposed a deal valued at approximately R55 billion and already holds a 45% stake in the South African broadcaster. The proposed transaction faces a key regulatory hurdle: Section 64 of the Electronic Communications…

Apple has officially shipped its three billionth iPhone, CEO Tim Cook revealed during the company’s third-quarter earnings call. This milestone marks a significant achievement for the tech giant, which introduced the first iPhone back in 2007. The company reached its one billionth iPhone milestone in 2016, followed by an estimated two billionth unit in 2021. Now,…

The European Bank for Reconstruction and Development (EBRD) has committed a $10 million investment into Breadfast, Egypt’s leading online grocery platform, as part of its Series B2 funding round. This strategic injection signals strong institutional confidence in a startup that has emerged as a standout performer in Africa’s venture capital landscape,…

A Federal High Court in Lagos has issued an injunction preventing the sale of assets belonging to 54gene, a once-prominent African genomics startup. Among the assets frozen is a highly sensitive biobank containing genetic data from over 100,000 Nigerians. The court’s decision follows a lawsuit filed by the company’s founder,…

Admaius Capital Partners, a leading Africa-focused private equity firm, has entered into a strategic partnership with Triquera, the majority shareholder of Minapharm—a pioneering biopharmaceutical company operating across the Middle East, Africa, and Europe. This collaboration follows Admaius’ investment in Triquera and marks a significant milestone in advancing healthcare innovation and…

Helios Climate, a climate-focused investment platform, in collaboration with the Private Infrastructure Development Group (PIDG), has announced a strategic investment in SUN Mobility, an India-based pioneer in energy infrastructure and battery-swapping solutions for electric vehicles (EVs). This investment is aimed at supporting the deployment of SUN Mobility’s innovative battery-swapping technology across African…

The long-running legal battle between Vodacom and Kenneth Makate, the man behind the “Please Call Me” concept, is set to continue after the Constitutional Court referred the matter back to the Supreme Court of Appeal (SCA) for reconsideration. In a significant development, the Constitutional Court has set aside the SCA’s…