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Investments
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Adumo, a South African fintech company, have been acquired by Lesaka for $85.9 million.
Adumo, a South African fintech company, has been bought by Lesaka for ZAR1.59 billion (US$85.9 million), subject to shareholder and...
Read moreIFC invests $50 million to the new LeapFrog fund in order to support the health and financial services industries in Africa
To help fast-growing health and financial services firms in Africa, South Asia, and Southeast Asia gain access to growth capital...
Read moreFSD Africa Investments is investing $19.5 million to help make Africa more resilient to climate change
The investing arm of FSD Africa, FSD Africa Investments (FSDAi), has announced additional investments totaling $19.5 million to support infrastructure...
Read moreMastercard To Purchase a Stake in MTN’s $5.2 Billion Fintech Unit, According to Recent Reports
Following the announcement that Mastercard has agreed to purchase a minority stake in the financial-technology division of MTN Group Ltd., the...
Read moreAirtel Kenya aims to invest more than $150 million to expand its network coverage
Over the next three years, Airtel Kenya expects to invest more than $150 million (KSh21.5 billion) to increase network coverage....
Read moreThe World Bank Group has committed $257.4 million to Safaricom Ethiopia for the purpose of improving mobile connectivity
The World Bank Group will provide $257.4 million (KSh36.8 billion) to Safaricom Ethiopia to support its greenfield telecommunications initiatives. Mobile...
Read moreNigerian green initiatives receive $13 million from FSDAi and InfraCredit
In collaboration with InfraCredit, FSD Africa Investments (FSDAi) has announced a £10 million (almost $13 million) investment into a ground-breaking...
Read moreAmazon is investing $7.2 billion in Israel and launches the AWS cloud region
Amazon stated that as it launches its cloud-based regional data center project in Israel, it aims to invest $7.2 billion...
Read moreRology, an Egyptian e-health startup, has acquired Arkan United, a Saudi company
Rology, the market leader in teleradiology in the MENA region, has acquired Arkan United, a teleradiology provider based in Jeddah,...
Read moreThe cloud operations division of Amazon is planning to invest $13 billion in India by the year 2030
Amazon's cloud computing division will double its previous investments in India to 1.06 trillion rupees ($13 billion) by 2023 to meet...
Read moree&, a company based in the UAE, has invested $400M to acquire a controlling stake in the ride-hailing service Careem’s Super App
According to a filing by e&, the Emirates Telecommunications Group Company (EAND.AD) has agreed to pay $400 million to acquire...
Read moreEthiopia plans to sell 45% of its state-owned telecom company Ethio-Telecom
The Ethiopian government has been planning to sell off 40% of its holdings in Ethio-Telecom, a state-owned telecom company, since...
Read moreThe Big 5
