fintechNigerian fintech Kredete is expanding deeper into the infrastructure behind cross-border payments after acquiring Gravv, a company that helps businesses move money through banks, blockchain networks and local payment systems.
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investmentsGabon has appointed investment banker Ismaël Libizangomo to lead the Gabonese Strategic Investment Fund (FGIS).
start-upsThe Africa Go Green Fund has committed another $18 million to African electric mobility company Spiro, taking its total financing commitment to $36 million.
motoringSUVs are taking a larger share of vehicle finance applications in South Africa, while bakkies are losing share.
Absa Vehicle and Asset Finance says SUVs accounted for 67.6% of applications across SUVs, bakkies and body-on-frame SUVs in the second quarter of 2026.
telecomsVumatel’s operating profit climbed 57% to R2.16 billion in the year to 31 March 2026, with revenue rising 15.3% to R4.43 billion.
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investmentsAfreximbank and the Development Bank of Southern Africa (DBSA) have agreed to put up to $20 million into the early stages of infrastructure and industrial projects in South Africa and the wider Southern African region.
energySouth Africa is getting R1.06 billion in grants from European partners for work linked to green hydrogen, batteries and critical minerals.