Features
Nigerian Credit Infrastructure Startup CreditChek Acquires Ugandan Core Banking Provider Algosys to Accelerate East African Expansion
The strategic acquisition combines Algosys’s core banking and loan management technology with CreditChek’s credit, income, and identity intelligence to build full-stack lending infrastructure across Africa.
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Absa Bank Kenya Confirms Long-Serving Insider Yusuf Omari as Substantive Managing Director and CEO
Following a two-month interim tenure, the seasoned banking executive steps into the permanent top post, bringing over two decades of institutional history to lead the lender’s next strategic phase.
Nigerian Credit Infrastructure Startup CreditChek Acquires Ugandan Core Banking Provider Algosys to Accelerate East African Expansion
The strategic acquisition combines Algosys’s core banking and loan management technology with CreditChek’s credit, income, and identity intelligence to build full-stack lending infrastructure across Africa.
Watu Secures $7 Million Strategic Debt Facility from AHL Venture Partners to Drive African Expansion
The asset-financing platform has closed a fresh debt facility to bolster working capital and scale its mobility and connectivity portfolios across emerging African markets.
Flutterwave Powers Digital Access for Landmark Dangote Refinery IPO
Acting as a licensed receiving agent, the payments technology major is providing the core infrastructure to streamline retail and diaspora subscriptions for the world’s largest single-train refinery.
ByteX and Cenne Financial Merge to Launch Unified Cross-Border Financial Stack Linking North America, India, and Africa
The cross-border payment platform has merged with Africa-focused financial operations platform Cenne Financial to build an integrated financial gateway streamlining trade and commerce across key global corridors.
US EXIM Backs Pan-African Mobile Network Operator Africell Angola with $99.6 Million Direct Loan
The Export-Import Bank of the United States has approved a major financing package to deploy advanced telecommunications infrastructure and expand network architecture across Angola.
Africa GreenCo Secures $21.5 Million to Accelerate Clean Energy Across Southern Africa
Africa GreenCo has closed an additional $21.5 million in total third-round financing, bolstered by commitments from the Private Infrastructure Development Group, Impact Fund Denmark, and Sanlam Alternative Investments.
Amethis Announces Strategic Investment in Pan-African Financial and Insurance Solutions Provider Zamara Holdings Limited
The prominent impact-oriented private equity firm has backed Nairobi-headquartered Zamara to accelerate its digital transformation, expand its regional footprint, and scale its insurance and actuarial services across Africa.
Grindstone Ventures Launches New $31.2 million Fund to Close Africa's Post-Seed Funding Gap
The newly established vehicle, led by an all-female founding team, is designed to bridge the post-seed funding gap and prepare high-growth African enterprises for Series A readiness.
Mauritius Commercial Bank Structures $51 Million Loan to Support Tolaram Group's Guinness Nigeria Refinancing
The Mauritian financial institution has finalized a strategic medium-term facility to help the Singaporean multinational optimize its capital structure following its high-profile acquisition of Guinness Nigeria.
Ugandan Dairy Processor Mujuni Ventures Secures Strategic Funding from Oxano Capital to Scale Production and Cold-Chain Infrastructure
Kampala-based Mujuni Ventures has closed a milestone investment from Netherlands-based Oxano Capital, unlocking capital to expand its processing footprint, upgrade supply chain logistics, and deepen smallholder sourcing across East Africa.