Vodacom Group has moved to cement its dominance in East Africa with a massive R36-billion ($2.1 billion) transaction that will give it a controlling interest in Safaricom, one of the continent’s most valuable telecommunications and fintech players. Read: Epson CO-W01 Projector Review: Project Success The Johannesburg-headquartered group announced on Thursday that it has reached an…
South African discount retailer Pepkor Holdings has received regulatory approval to establish a banking presence, it said on Tuesday, as it expands beyond retail and basic financial services. Pepkor said in a statement that it had secured approval from the Prudential Authority in November, enabling it to enter South Africa’s competitive banking sector. The company…
Cell C CEO Jorges Mendes unveiling the company’s new brand identity at a recent event in Johannesburg Cell C has confirmed the final pricing and outcome of its long-awaited JSE listing, marking a major milestone in the operator’s recapitalisation and restructuring efforts. The offer, which closed on 21 November, was priced at R26.50/share, raising R2.7-billion…
In 2001, when the late Kofi Annan, former Secretary-General of the United Nations was championed the creation of the Global Fund, he is famously quoted as saying “When I first mooted the idea of the Global Fund, people said I was dreaming… I love dreams. It always starts with a dream.” I wonder how he…
Emerging markets fintech Optasia has confirmed it will list on the JSE at a valuation of R23.5-billion following the closing of its bookbuilding period on Thursday. The company – backed by former First National Bank CEO Michael Jordaan – confirmed that its share offer closed at the top end of the R15.50 to R19/share range…
Luanda — According to the Angolan Debt and Securities Exchange (BODIVA), the public offering (OPV) of 29.75% of Banco de Fomento Angola (BFA) shares on the stock exchange, which was completed last week and raised 242 million U.S. dollars, was the largest transaction carried out in the country and in Africa this year. BODIVA considers…
Blue Label has achieved majority ownership of Cell C. Blue Label has finally achieved its almost decade-long goal of securing a majority stake in Cell C, South Africa’s fourth biggest mobile operator, reaching 53.57% ownership. Final approval from the Competition Tribunal concludes several regulatory hurdles for Blue Label – which is rebranding as Blu Label…
South African edtech company, The Invigilator, has secured over R195m in international equity investment to support its global expansion strategy. The Invigilator team and Kaltroco team | image supplied The newly secured funding will be used to enhance the platform’s AI-powered capabilities, support multilingual functionality, expand operational teams in key global markets, and strengthen partnerships…
Boomi Named a Leader and Secures Top Score in Strategy Category in Latest iPaaS Report by Independent Research Firm Boomi™, the leader in AI-driven automation, today announced it has been named a Leader in The Forrester Wave™: Integration Platform As A Service, Q3 2025. The report evaluated the 10 most significant iPaaS vendors, and Boomi…
The 32nd Annual Meetings of African Export-Import Bank (Afreximbank) witnessed a flurry of deal signings with four project preparation transactions signed between the Bank and various entities that are expected to unlock investments valued at about 1 billion USD that set to transform key sectors across Africa. In Kenya, the groundwork has begun for a…
