Hybrid Equity, a division of Old Mutual Alternative Investments (OMAI), has taken up a significant stake in the capital structure of Enable Capital, a short-term funder that uses innovative technology as a distribution platform
Commerce
A new era of digital retail in Africa
According to Google Africa, the continent is home to 19 of the top 20 fastest-growing countries in the world, and its internet economy has the potential to grow to US$180bn by 2025
Cellulant’s payment processing platform to power online and offline payments for businesses in Africa
Cellulant, a leading payments technology company, aims to change how businesses in Africa make and receive payments by introducing online and offline payment solutions
SEACOM announces new group CEO
SEACOM, Africa’s leading telecommunications and managed services provider, has announced that Alpheus Mangale is joining SEACOM as incoming group CEO, effective 1 April 2023
African Development Fund grant to upgrade payments infrastructure and systems
The African Development Fund’s board of directors has approved US$3.9mn grant to finance upgrade of Liberias payments infrastructure and systems project