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Kenyan Fintech Cloud9 Secures $500K Pre-Seed Funding From Crypto Accelerator Alliance
The Nairobi-headquartered digital banking platform brings its total pre-seed capital to $1 million as it expands cross-border payment corridors and card issuance for African merchants.
M-KOPA Acquires Finnish Phone-Locking Firm KilpiTek for $8 Million
The fintech asset-financier acquires full ownership of the Tampere-based software developer to secure core device-locking IP and streamline global hardware sourcing.
AfricInvest Vehicle FIVE Backs Vantage Payment System’s Moroccan Expansion
The financial inclusion fund invests in holding company Equity Invest to consolidate full ownership of VPS and fund its nationwide point-of-sale acquiring rollout.
South African Telecom Ilitha Secures $30M Debt Facility From Absa to Scale Township Fibre
The R500 million funding from Absa Corporate and Investment Banking will accelerate the deployment of uncapped prepaid broadband across underserved peri-urban communities.
Shelter Afrique Issues $100M Sustainable Bond for West African Housing Infrastructure
The FCFA 60 billion local-currency issuance on the WAEMU regional capital market represents the multilateral lender's debut sustainable bond offering.
Infinite Partners Closes Second PE Fund at $170M, Exceeding Target
The Black-owned South African private equity manager wrapped up fundraising for Core Equity Fund II at R2.8 billion, driven by local pension funds, insurers, and banks.
Sanlam Moves to Take Santam Private in $1.2 Billion Minority Buyout
Offering R505 per share, a 26.6% premium, Sanlam Life seeks to acquire the remaining 37.3% interest in South Africa’s largest short-term insurer through a scheme of arrangement.
RMB Ventures Acquires MoreCorp as Old Mutual Private Equity Exits After a Decade
The secondary private equity buyout sees Rand Merchant Bank's investment arm acquire the golf and cycling retail group following a ten-year holding period during which company turnover tripled.
CA&S Group Acquires Strategic Stake in TDMC
The JSE-listed consumer goods distribution giant secures an initial 30% holding in digital agency TDMC, establishing a phased path to majority ownership and bridging physical distribution with e-commerce.
Tony Elumelu’s Heirs Energies Buys $71 Million Seplat Stake to Lift Combined Holding to 21.07%
The £53.2 million transaction on the London Stock Exchange consolidates Elumelu's position as Seplat Energy’s largest single shareholder ahead of his transition to board chairman in 2027.
Egypt’s First Fintech Unicorn MNT-Halan Files to List 20% Stake in $1.4 Billion Cairo IPO
Parent entity MNT Tech Holding plans to float 320 million shares on the Egyptian Exchange, testing international institutional appetite for North Africa's largest non-bank lending platform.