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Wasoko and MaxAB Complete Landmark Merger to Form Pan-African B2B E-Commerce and Fintech Ecosystem
B2B e-commerce platforms Wasoko and MaxAB have finalized an all-stock merger of equals, creating a combined entity that connects over 450,000 informal merchants across five African markets.
MNT-Halan Raises $157.5 Million to Accelerate Regional Expansion
Egypt’s first unicorn and fastest-growing fintech leader MNT-Halan has secured $157.5 million in new capital to fund its imminent geographical expansion beyond domestic borders.
LIPTON Teas and Infusions Rebalances East African Footprint via Strategic Asset Sale to Browns Investments
Lipton Teas and Infusions has rebalanced its East African operational footprint through a strategic asset sale of its tea estates to Browns Investments, shifting its business model toward a partnership approach in the region.
Moove Secures $100 Million in Series B Funding at a $750 Million Valuation to Scale Global Mobility Financing
Mobility fintech Moove has raised $100 million in a Series B funding round led by new investment from Uber and participation from existing backer Mubadala, bringing its total valuation to $750 million.
Olam Agri Expands West African Footprint with €17M Acquisition of Senegalese Feed Manufacturer Avisen
Olam Agri has expanded its West African presence by acquiring Senegalese animal feed manufacturer Avisen in a €17 million deal, deepening its regional agribusiness footprint.
Bboxx and EnerTech Launch $100 Million Electrification Platform at COP28 to Expand Clean Energy Across Africa
Data-driven super-platform Bboxx and Kuwait’s EnerTech have partnered on a $100 million electrification initiative announced at COP28, designed to scale essential clean technology, smart financing, and e-mobility services across 11 African markets.
M-KOPA Raises Over $250 Million in Landmark Financing to Expand Digital Inclusion and E-Mobility
M-KOPA has successfully closed over $250 million in new equity and debt financing, marking one of the largest capital raises in African fintech history.