The timing of the announcement is telling. It comes just as the champions of this new, tech-first model are demonstrating their formidable financial power.
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.
Filings from the Nigerian fintech unicorn disclose heavy spending on salaries and fees to pave the way for its acquisition of a regulated British payments firm.
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.
The online grocer recently secured $10m from the European Bank for Reconstruction and Development to fuel its expansion into financial services and new cities.
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'.
The timing of the announcement is telling. It comes just as the champions of this new, tech-first model are demonstrating their formidable financial power.