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Kenya’s Twiga Foods Buys Up Three FMCG Distributors Amid Liquidation Allegations and Leadership Turmoil

Twiga did not disclose the value of the transactions but emphasized that the acquired distributors would retain leadership roles in the newly consolidated operation.

April 17, 2025

Ecosystem News

Moniepoint Backer DPI Takes Control of Egypt’s $100M+ Fintech Fund Nclude, Launches New Pan-African Venture Capital Arm

DPI’s foray into venture capital comes at a time of shifting fortunes for Africa’s tech sector.

April 15, 2025

EASTERN AFRICA

New Insolvency Spree Sweeps Through Kenya’s Tech Scene Amid Funding Downturn

From well-publicised insolvency proceedings to lesser-known cases, a wave of Kenya-based startups are increasingly choosing the tough route.

April 14, 2025

Ecosystem News

OPay’s Valuation Soars to $2.75 Billion as Opera Reports $94.8 Million in Unrealized Gains

Founded in 2018 by Chinese billionaire Zhou Yahui, OPay has rapidly expanded across Nigeria and Egypt.

April 11, 2025

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Cape Town’s Havaíc Hits $30m Milestone for Third Fund as Institutional Interest Hardens

The latest capital injection comes from E Squared Investments

February 16, 2026

Updates

DPI Targets $1bn for Fourth Africa Fund as Proparco Chips in $42m

Rather than spreading bets thin, the fund plans to build a concentrated portfolio of roughly one dozen companies across North and Sub-Saharan Africa.

February 16, 2026

Riding Morocco’s Fintech Wave, AfricInvest Moves to Acquire Vantage Payment Systems

A new heavy hitter is entering the Moroccan fintech landscape, in what feels like the next chapter after local fintech Cash Plus went on a highly successful IPO last year.

February 11, 2026

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