French media powerhouse Canal+ has completed its landmark acquisition of MultiChoice Group, cementing one of the largest transactions in its history. The deal consolidates Canal+’s existing operations on the continent with MultiChoice to form Canal+ Africa, a new entity poised to redefine the broadcasting and content landscape across Africa and beyond. With this strategic move,…
Standard Bank Group has announced significant leadership changes that reflect its deep succession pipeline and commitment to strengthening internal leadership capacity. David Hodnett has been appointed as Chief Executive Officer of The Standard Bank of South Africa Limited (SBSA), bringing with him over 30 years of leadership experience and a strong track record within the…
Microsoft and OpenAI have taken another step forward in their long-standing partnership by signing a non-binding memorandum of understanding (MOU). This marks the beginning of the next phase in their strategic collaboration, as both companies actively work toward finalizing a definitive agreement. The move highlights the continued alignment of two of the most influential players…
Airtel Gabon and Moov Africa-Gabon Télécom, two of the country’s largest telecom operators, have taken a significant step forward by signing a memorandum of understanding to share network infrastructure. The agreement, announced by Gabon’s Ministry of Digital Economy, Digitalisation and Innovation, marks a major milestone in the nation’s journey to strengthen its digital ecosystem and…
Float, a South African fintech startup, has successfully raised $2.6 million (R46 million) in a funding round co-led by Invenfin and SAAD Investment Holdings. The capital injection will enable the company to accelerate its growth locally while laying the groundwork for entry into new markets. This milestone reflects growing investor confidence in innovative credit solutions…
Acumen has announced the launch of its second Kawisafi fund, securing \$90 million in approved capital to drive climate solutions across Africa. This milestone fund aims to back companies that provide clean and affordable energy to underserved communities, develop resilient transport solutions, expand access to safe cooking alternatives, and open new opportunities for carbon financing….
Accion Ventures has closed its second fund at $61.6 million, nearly doubling the size of its inaugural $33 million fund launched in 2019. This milestone highlights the growing confidence of global investors in Africa’s fintech ecosystem, even as Silicon Valley interest in the region cools. The fund is set to accelerate the next wave of…
Verto, a leading global B2B payments platform, has officially launched the Atlas Suite, a next-generation API-first embedded finance solution designed to simplify and power cross-border transactions. The suite is tailored for fintechs, digital marketplaces, and platforms that are looking to seamlessly scale across Africa and beyond. By integrating banking, foreign exchange, and payment services through…
