South African PE fund to acquire 35% stake in Kenya’s Mawingu Networks
Pembani Remgro Infrastructure Fund II (PRIF II), a South African PE fund to acquire a 35%
Mediamax to lay off undisclosed number of employees
Parent company of K24 TV and People Daily, Mediamax, to lay off undisclosed number of employees,
Safaricom CEO Peter Ndegwa increases stake to $1.73 million
Safaricom CEO Peter Ndegwa has increased his stake in the telecom giant by 40% to 8.7
Engage Capital bids $24.5 million to acquire Lipa Later
Kenyan-focused venture capital firm, Engage Capital, bids $24.5 million to acquire Lipa Later, a Kenyan buy-now-pay-later
Equity Group takes fraud fight to Uganda post-1,200 Kenya layoffs
Kenya’s second-largest bank by assets, Equity Group, takes fraud fight to Uganda, two months after sacking over
Stitch acquires Efficacy Payments to become a direct card processor in South Africa
South Africa-based payments infrastructure company, Stitch acquires Efficacy Payments, a digital payments startup with direct access
Can roaming turn things around for 9mobile?
Once a major force in Nigeria’s internet market, 9mobile now holds just over 1% of the
Safaricom CEO becomes highest-paid NSE executive with $2.2 million
Safaricom CEO Peter Ndegwa earned a total compensation of KES 294.2 million ($2.2 million) for the
African startups raised $1.2 billion in H1 2025
African startups raised $1.2 billion in the first half of 2025, marking an 86% increase over
South Africans ditch cash and cards for digital payments
A new “State of Consumer Payment” report by Stitch in partnership with a global research firm, Censuswide, shows
