Author: Today Africa

Africa-based VC firm TCVP has made 18 early-stage investments in last three years. The Continent Venture Partners (TCVP) is an Africa-based early-stage investment firm backing tech-driven companies to help them achieve impact, profitability, and continental reach. Launched in 2020 by managing partner Carisa Graf-Suleman and general partners Salim Suleman and Olufemi

Senegal-based e-mobility and energy solutions startup, Solarbox raises $1m pre-seed funding to drive solar-powered e-mobility solutions. To help it meet growing demand for its solar-powered electric vehicles (EVs) in Senegal and the broader West African region. Founded in 2022 by Tijan Watt and incubated under Wuri Ventures. Solarbox designs, assembles, and

Nigeria’s largest bank by assets, Access Bank acquires Standard Chartered branches in Angola & Sierra Leone. This has solidified its position as a leading driver of Africa’s economic integration with its acquisition of Standard Chartered Bank’s operations in these two countries.  The acquisition of Standard Chartered’s Angola and Sierra Leonean

Visa selects 19 startups for the third edition of the Africa Fintech Accelerator, which provides ventures with access to tools, industry connections, and mentorship to help them scale their innovative solutions.  Launched in 2023 in line with Visa’s pledge to invest US$1 billion in financial inclusion in Africa by 2027. The

Kenyan energy startup Hydrobox raises $9m in debt funding to support eight small hydro projects across four mini-grids in Kenya, providing over 10,000 people and local businesses with reliable, affordable electricity. Hydrobox builds, owns and operates mini-grids in underserved regions. These mini-grids serve a combination of anchor clients like factories and

MultiChoice fights Competition Commission ruling over SABC deal which amounted to an unreported merger. The case revolves around the controversial encryption clause in digital terrestrial television (DTT) migration. MultiChoice insists the agreement was a standard business deal, while opponents claim it stifled competition. South African pay-TV giant MultiChoice has lodged an appeal

MTN launches 5G in Benin and this 5G rollout is expected to boost economic activities across various sectors. MTN’s move intensifies competition in Benin’s telecom industry and aligns with MTN’s broader strategy to expand 5G services in Africa. The introduction of 5G technology by MTN is expected to significantly influence

Egyptian home furnishing eCommerce platform, ariika secures $3 million Series A extension to fuel MENA expansion, led by Beltone Venture Capital, a subsidiary of Beltone Financial Holding, and UAE-based Citadel International Holdings. This investment aims to accelerate ariika’s growth and regional expansion, particularly in Saudi Arabia and Iraq. Founded in 2016 by Khaled