The Cape Town-based firm will manage Zafiri, a new blended finance vehicle from the IFC and AfDB aiming to plug the 'missing middle' equity gap for decentralised energy companies.
The South African edtech startup recently won a restraint of trade case against a senior exec who claimed his new 'Co-Founder' title at a competitor was just an 'honorarium'.
This investment is the latest in a series of operations carried out by the public fund, which is actively deploying capital to support Ivorian tech companies.
While other regional African fintechs struggle with profitability, Central Africa's mobile money ecosystem processed 3.5 billion transactions in 2023. The backbone? Nearly half a million street-level agents converting cash into digital currency.
Sixteen months later, on a hot July day in 2026, Egypt's finance minister, Ahmed Kouchouk, returned to a company whose public frustration had once laid bare the country's industrial bureaucracy.
The new virtual asset rules demand high capital, local custody, and bank-held reserves - creating a moat that traditional lenders are perfectly positioned to fill.
