Author: Tapiwa Matthew Mutisi

Beltone Holding, a prominent financial entity in Egypt, has made a public announcement that its affiliate, Cash for Microfinance, has entered into a collaborative arrangement with Microfinanza Italia. This partnership involves the initiation of a substantial project, valued at $2.4 million, with the objective of bolstering and empowering entrepreneurial individuals.…

LemFi, a company specializing in cross-border payments, has recently received additional authorization from the Central Bank of Kenya (CBK) to manage remittance operations within the country. This new license will facilitate LemFi to offer remittance services in Kenya through a strategic partnership with local fintech company Flex Money Transfer. Having…

Bradwin Roper, a veteran in the financial services industry, has been named the new chief of payments partnerships at Jumo, a company specializing in banking technology. In addition to this role, he will also serve as a member of the executive committee. Roper’s new position at Jumo will be effective…

Visa has recently announced the selection of African startups that will participate in the second installment of its comprehensive Fintech Accelerator program across the continent. The program is designed as an intensive 12-week journey that provides seed and Series A startups with tailored training sessions and individualized mentorship opportunities. Startups…

OpenseedVC, a newly established fund led by experienced operators, has made its debut with the aim of becoming the premier early-stage investor for seasoned professionals venturing into the tech industry within Africa and Europe. The fund has proudly announced the initial closure of its $10 million fund, designed to function…

Recent developments reveal that the Republic of the Congo has embarked on an ambitious project to construct a state-of-the-art three-storey data centre in the Bacongo district, located in the capital city of Brazzaville. This facility is intended to serve as the national data centre, with the capacity to securely store…

Two innovative startups from Egypt and one from Tunisia have been chosen to participate in the Mega Green Accelerator, a climate-centric accelerator program based in Saudi Arabia. This initiative is part of a broader effort involving eight ventures from the Middle East and North Africa (MENA) region, all selected for…

Secha Capital, an impact investment firm with a focus on growth capital, has recently initiated an educational initiative named the Junior Operator-Investor Network (JOIN). This program is designed to develop future leaders who are skilled in business management, operational strategies, and investment practices. Founded by black women, Secha Capital operates…

Bolt Nigeria, a prominent ride-hailing service, has recently embarked on a collaborative venture with Advancly, a fintech firm specializing in credit solutions, to offer short-term financial loans to its drivers. This strategic partnership is designed to address the immediate financial requirements of drivers by enabling them to access their earnings…

Spiro, an electric vehicle enterprise based in India, has secured a significant debt financing agreement worth $50 million with Afreximbank to bolster its market presence in the regions where it currently operates. The company has a footprint in six African nations—Benin, Togo, Kenya, Nigeria, Uganda, and Ghana—and has set its…

The French multimedia conglomerate Canal+ has been progressively acquiring shares in Multichoice, inching closer to owning a 50% stake in the company. On Tuesday, May 14th, Canal+ publicly disclosed that it had executed three separate share purchase transactions within the preceding week. These transactions have effectively raised Canal+’s ownership in…

MTN Group, the leading mobile telecommunications provider in Africa, with the largest subscriber base on the continent, has experienced a downturn in its revenue for the first quarter of the year 2024. This information was disclosed in the company’s latest financial report, which was released to the public by the…

The dynamic nature of the technology sector demands leaders who are flexible, open to embracing change, and skilled at bringing innovative ideas to fruition. Recognizing the importance of these attributes, ETS Group has appointed Dennis Naidoo as its new Chief Executive Officer. Zandi Mbele, the company’s chairperson and former CEO,…

Bradwin Roper has announced his resignation from the position of CEO of MTN’s fintech operations, as he prepares to pursue a new professional venture. MTN has released an official statement confirming that Roper will adhere to the company’s stipulated executive notice period and will officially depart from MTN South Africa…

This week, the National Information Technology Development Agency (NITDA) of Nigeria has formalized a strategic partnership with the global technology firm Cisco by signing a Memorandum of Understanding (MoU). This alliance is centered on the advancement of Artificial Intelligence (AI) and the innovation of smart agriculture practices. Both entities have…

PalmPay, a leading fintech platform in Nigeria, has announced a strategic partnership with the Lagos state government to enhance the ‘Ounje Eko’ initiative, a weekly food discount market program. This collaboration is set to provide efficient payment solutions that will facilitate easier transactions for both residents and businesses participating in…

The publicly traded South African consumer internet conglomerate Naspers, along with its international internet assets division Prosus, have announced the appointment of Fabricio Bloisi to the role of Group CEO. In a statement released this morning, it was confirmed that the boards of both Prosus and Naspers have given their…

AfriLabs, a prominent network organization dedicated to fostering innovation and entrepreneurship in Africa, has joined forces with 2X Global, an influential global entity dedicated to amplifying the volume and impact of investments aimed at empowering women economically around the world. This strategic alliance is designed to promote the practice of…

d.light, a company dedicated to delivering vital household products and financing to communities with limited resources, has recently unveiled an ambitious project aimed at enhancing the quality of life for refugees in Ugandan camps by providing them with solar-powered home systems. This initiative is not only set to improve the…

Accion, a non-profit organization dedicated to enhancing financial access, has unveiled the Accion Digital Transformation Fund, a substantial $152.5 million endeavor aimed at enabling conventional financial entities to better serve small businesses that are typically overlooked. This new fund is specifically tailored to assist microfinance institutions and similar entities across…