Investor shares his playbook after a 29x exit in Africa

Investor shares his playbook after a 29x exit in Africa

Ibrahim Sagna spent more than two decades in finance, including at the African Export-Import Bank and the Africa Finance Corporation, before co-founding Silverbacks Holdings, a firm that invests in technology, entertainment, sport and the creative industries. How we made it in Africa editor-in-chief Jaco Maritz spoke to Sagna about the firm’s origins and how it…

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Revenue slips at Broadband Infraco as SITA exit bites

Revenue slips at Broadband Infraco as SITA exit bites

Despite missing its annual target, BBI delivered a stronger-than-expected final quarter, generating revenue of R290 million. State-owned broadband infrastructure provider Broadband Infraco (BBI) ended the 2025/26 financial year below its revenue target despite a strong fourth-quarter recovery. The company says the loss of a major customer contract and delays to key government connectivity projects weighed…

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Uber’s mega-deal hands Prosus a R40-billion exit

Uber’s mega-deal hands Prosus a R40-billion exit

Sarah Meyssonnier/Reuters Prosus is set to pocket about €2.1-billion – roughly R40-billion – from the sale of its remaining stake in Delivery Hero, after Uber on Thursday launched a takeover offer valuing the German food delivery group at US$14.8-billion (R242-billion). The Amsterdam- and JSE-listed technology investor, which is majority owned by Naspers, said in a…

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iGaming fraud surges in SA despite greylist exit

iGaming fraud surges in SA despite greylist exit

South Africa bucked a trend seen across Africa, with a three-fold increase in iGaming fraud. (Image created by GenAI) South Africa’s know-your-client (KYC) and anti-money-laundering (AML) tools are seen as fragmented, as the country experiences a three-fold surge in iGaming fraud. This, even though the country was taken off a global financial watchdog’s greylist last…

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Post Office moves to exit business rescue

Post Office moves to exit business rescue

The South African Post Office’s joint business rescue practitioners have asked the high court to end the entity’s business rescue, declaring the adopted plan substantially implemented nearly three years after the troubled state-owned company was placed under supervision. Anoosh Rooplal and Juanito Damons launched the application in the Pretoria high court on 12 June, seeking…

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