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Naspers’ Takealot Achieves Historic Profitability with Revenue Exceeding R17 Billion
Takealot has recorded positive earnings for the first time since its founding, reporting an adjusted EBIT of $11 million (R190.35 million) for the financial year ended 31 March 2026,…
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Capitalworks Targets $350 Million for New South Africa-Focused Private Equity Fund
Capitalworks has completed the first close of its fourth South African private equity fund, securing commitments from a diverse group of local and international institutional investors, including Standard Bank…
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Murray & Roberts Closes R1.27 Billion Deal to Restructure Mining Business
Murray and Roberts has finalised the cornerstone transaction of its business rescue process, selling its major mining interests to a consortium led by Differential Capital for R1.27 billion and…
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OPay Unveils Emergency Lock Feature to Help Customers Prevent Financial Fraud
OPay has introduced two new security features that shift fraud protection from reactive to preventive, giving customers in Nigeria the ability to freeze their accounts instantly or trigger a…
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MTN Uganda Pays UGX54.27 Billion into Universal Service Fund as Connectivity Gap Exposes Limits of Subscription Growth
MTN Uganda has contributed UGX54.27 billion to the Uganda Communications Commission’s Universal Service and Access Fund, fulfilling its statutory 2% levy obligation and directing the country’s largest single telecom…
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Why WapiPay’s New Canadian Licence Matters for Cross-Border Payments
WapiPay, a Kenyan-founded fintech company, has obtained a Money Services Business licence from Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC), establishing its first licensed operating presence in North…
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How IFC’s $80 Million Loan Will Transform Sheraton Addis and Create Jobs in Ethiopia
The International Finance Corporation (IFC), a member of the World Bank Group, has announced an $80 million long-term loan to MIDROC Ethiopia PLC (MEP), the hospitality arm of MIDROC…
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Why Adenia Chose Parkville for Its First Majority Investment in Egypt
Adenia Partners has announced the closing of its investment in Parkville Pharmaceuticals, marking the firm’s first majority investment in Egypt. Adenia acquired the stake previously held by Admaius Capital…
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Proparco Backs Rwanda’s EdenCare with €250,000 to Scale Digital Health Insurance
Proparco, the French development finance institution, has extended financing equivalent to €250,000 to EdenCare, Rwanda’s first licensed digital health insurer. The investment, announced in April 2026, will support EdenCare’s…
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Why Flat6Labs and IFC Are Investing in Algeria’s Startup Support Ecosystem
Flat6Labs, in partnership with the International Finance Corporation (IFC) and the Ministry of Knowledge Economy, Startups and Micro-Enterprises, has launched StartAlgeria, a dedicated capacity-building programme aimed at empowering Entrepreneur…
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