Author: Tapiwa Matthew Mutisi

Naspers, South Africa’s most valuable publicly listed company, has reached a major milestone in its bid to acquire Netherlands-based food delivery firm Just Eat Takeaway (JET). The offer, made through MIH Bidco Holdings, a wholly owned subsidiary of Prosus, has officially become unconditional, marking a significant step forward in the…

Pesalink, Kenya’s interbank money transfer platform, has announced a strategic integration with Cellulant, a leading pan-African fintech company, through its business-focused digital payments platform, Tingg. This partnership is set to significantly enhance the ease and efficiency of customer-to-business (C2B) transactions, particularly for online merchants handling high-value payments. The collaboration marks…

Tesh Mbaabu and Mesongo Sibuti, the entrepreneurial duo who recently stepped down from their leadership roles at Kenyan social commerce platform Chpter, have unveiled their next venture: Cloud9, a mobile-first digital bank aimed at transforming financial services for young Africans. In a blog post published Wednesday, Mbaabu described Cloud9 not…

TLG Capital (“TLG”) has successfully closed a US$10 million financing facility for VivaJets, a subsidiary of Nigeria-based aviation services platform Falcon Aero. The transaction was structured in partnership with Wema Bank, marking what both TLG and VivaJets believe to be the first internationally structured aviation financing for a Nigerian Air…

Brave Software has officially announced a major milestone: its privacy-focused web browser now serves over 100 million monthly active users across desktop and mobile platforms worldwide. This achievement marks a significant moment not just for the company, but for the broader movement advocating for a safer, more user-centric internet. According…

Old Mutual Private Equity (OMPE) has announced its exit from Medhold, a leading supplier of medical devices across Southern Africa. The stake, held through OMPE Fund IV, will be acquired by Sanlam Private Equity, marking a significant transition in ownership within one of the region’s key healthcare infrastructure businesses. Though…

Verod Capital Management, a leading West African private equity firm, has officially exited its investment in Tangerine APT Pensions, a Nigerian pension fund administrator. The firm’s stake has been acquired by its minority partner, APT Securities and Funds, marking a strategic transition in ownership and leadership continuity. Verod first entered…

In a major leadership restructuring, Microsoft has promoted Judson Althoff, formerly Executive Vice President and Chief Commercial Officer, to the newly created role of Chief Executive Officer of Microsoft’s Commercial Business. The move, announced by CEO Satya Nadella in an internal memo to employees, reflects Microsoft’s strategic pivot to accelerate…

Mawingu, a Kenyan internet service provider (ISP) dedicated to bridging the digital divide in underserved communities, has successfully raised $20 million in a Series C funding round. The investment was led exclusively by Pembani Remgro Infrastructure Managers, a private equity firm focused on infrastructure development across Africa. This latest capital…

A bold new chapter in Nigerian banking has begun with the official launch of Atlas Digital, a next-generation financial platform designed to meet the evolving needs of modern Nigerians. Whether you’re a student, freelancer, entrepreneur, or side hustler, Atlas offers a dynamic, benefit-driven banking experience that puts control, rewards, and…

In a landmark move set to reshape the future of customer engagement in financial services across the Middle East and North Africa (MENA), intella, Egypt’s leading Arabic speech intelligence company, has announced a strategic partnership with Visa, the global payments technology giant. The collaboration aims to revolutionize conversational AI for…

The South African Reserve Bank (SARB) has formally gazetted the closure of HSBC Private Bank’s representative office in South Africa, marking the end of the institution’s physical presence in the country. The move follows the SARB’s decision to withdraw its consent for the bank to operate under Section 30(1)(b)(ii) of…

Capitec Bank has reported another strong performance in its interim results for the six months ending 31 August 2025, underscoring its continued growth across personal, business, and digital banking segments. The bank’s headline earnings rose by 26% year-on-year to R8 billion, while its client base surpassed 25 million, reinforcing its…

Microsoft has officially named Vukani Mngxati as the new Chief Executive Officer of Microsoft South Africa, effective 1 October 2025, marking a strategic leadership transition aimed at accelerating the country’s digital transformation and AI adoption. In his new role, Mngxati will oversee Microsoft’s operations across South Africa, with a clear…

In celebration of Nigeria’s 65th Independence Day, MoMo Payment Service Bank (MoMo PSB), a subsidiary of MTN Nigeria, is offering customers a full day of free money transfers. The promotional offer will be available nationwide from 12:00 AM to 11:59 PM on October 1, 2025, and is open to both…

In a significant shift for Kenya’s fast-growing social commerce startup Chpter, co-founders Tesh Mbaabu and Mesongo Sibuti have officially stepped away from day-to-day operations as of September 15, 2025. The announcement was made via an internal email circulated to Chpter’s team and investors, marking a pivotal moment in the company’s…

Microsoft has officially begun rolling out the Windows 11 2025 update, also known as version 25H2, but for many users, it may feel more like a maintenance patch than a major upgrade. Rather than introducing groundbreaking new features, Microsoft describes this release as an “enablement package”, essentially a bundle that…

AltSchool Africa, a leading edtech platform on the continent, has unveiled a new Nano-Diploma programme designed to give learners greater control over their learning pace. The launch comes in response to feedback from students who felt the platform’s existing offerings lacked the flexibility initially promised. The announcement was recently made…

OKO, a Malian-based insurtech startup, has successfully closed a six-figure funding round led by Catalyst Fund, with additional support from two of its existing investors. This strategic investment will enable OKO to scale its innovative climate insurance solutions across Africa, helping safeguard smallholder farmers against the growing risks of climate…

In a landmark shift for the global music streaming giant, Spotify has announced that its founder and long-serving CEO, Daniel Ek, will step down from his executive role by the end of 2025. Effective January 1, 2026, Ek will transition to the position of Executive Chairman, marking a new chapter…