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Abu Dhabi's power play: 90% of Azura Power acquired
Abu Dhabi's TAQA-linked investors have taken a 90% stake in Azura Power, the gas plant that supplies a chunk of Nigeria's grid. Here's what the deal signals about who's really bankrolling Africa's energy infrastructure.
Lagos event shows Nigerian founders can tap global networks without leaving home
Nigerian founders are being given more opportunities to meet investors, business operators and professionals from the diaspora without having to leave the country to access those networks.
DCC’s R275 Million Funding Deal: What Happens When a Business Needs More Capital?
DCC Holdings has secured R275 million in mezzanine financing from Kholo Capital. The South African technology distributor plans to use the money to refinance existing debt and support its growth.
Nearly $1 billion in crypto trades liquidated as prices fall
A fall in cryptocurrency prices has left traders with nearly $1 billion worth of leveraged positions closed in a single 24-hour period, with Bitcoin and Ether accounting for a large share of the activity.
Chowdeck's next challenge is making its growing delivery business pay
Chowdeck started in Lagos in 2021 with three motorbikes, three riders and two restaurants. The business has since expanded into Nigeria and Ghana, and the company now reports about 1.2 million orders a month, more than 800,000 active customers and nearly 9,000 vendors.
KhayaHR wants to help small businesses find workers without the usual runaround
When a small business needs another worker, the owner often starts by asking people they know. A cleaner recommends someone, a friend passes on a phone number, or a vacancy goes into a WhatsApp group.
Chery is bringing its Grootman bakkie to South Africa’s production lines in 2027
Chery is preparing to build its Grootman double-cab bakkie in South Africa from 2027, adding another Chinese automaker to the local manufacturing conversation.
South Africa Gets an EV Association as Industry Pushes for Wider Electric Vehicle Adoption
South Africa has another industry body focused on electric vehicles, at a time when carmakers are bringing more electric models to the local market but prices remain too high for many motorists.
Shell hands Nigerian gas distribution business to Vaaris Energy
Shell is selling its Nigerian gas distribution business to Vaaris Energy, putting a local company in line to take over a pipeline network serving more than 130 industrial and commercial customers.
Pepkor looks to grow its fintech business through R21.3 billion Flash and Shop2Shop deal
Pepkor is looking to bring two parts of South Africa’s merchant payments market under one roof, combining its Flash business with Shop2Shop in a deal that values the proposed company at R21.3 billion.
Capitec agrees to sell rental finance business to Sasfin for R201 million
Capitec has agreed to sell its rental finance business to Sasfin Capital for R201 million, as the bank shifts its attention to other parts of its business.
How to register a business in Morocco: A guide for SMEs
A business owner setting up in Morocco has a few decisions to make before opening the doors: what type of business to register, where it will be based and which documents the authorities require.
Safaricom adds a new investment option for M-PESA customers
Safaricom is giving Kenyan customers who avoid interest-based investments another reason to use M-PESA. The company has introduced Ziidi Shari’ah, a money market fund developed with GulfCap Investment Bank for people who want their investments to comply with Islamic finance principles.
Africa’s used-car trade is creating opportunities for businesses behind the sale
A used car dealership makes money when it sells a vehicle. But plenty of other businesses earn money from the same car before the buyer drives away and long after the sale is done.
Tally: An easier way for SMEs to collect customer information
A customer asks for a quotation, but leaves out half the details. A consultant books a meeting, only to spend the next day asking the client questions that could have been answered beforehand. A repair shop receives a booking without knowing what needs to be fixed.
Rwanda receives 40,000 tonnes of fuel through Kenya as supply deal takes shape
Rwanda has received a 40,000-tonne shipment of refined petroleum products through Kenya, giving the landlocked country another route for bringing fuel into its market.
Lagos targets 3,000MW of power by 2027 as businesses face high electricity costs
For a small business in Lagos, an electricity bill does not always tell the full story of what it costs to keep the lights on. There is also the fuel for the generator, the repairs when it breaks down and the money lost when equipment cannot run.
Infinite Partners closes R2.8 billion fund to back South African businesses
South African private equity firm Infinite Partners has raised R2.8 billion ($169.3 million) for its second fund, giving it fresh capital to buy stakes in established businesses and help them expand.
Kenya wants to take control of fintechs that fail to pay customers
A payment company in Kenya that runs into financial trouble could lose control of its business under a proposed law giving the central bank power to step in, replace its management and sell the company.
Amr El Fangary uses AI to build WonderBooks into a library of more than 2,000 stories
Amr El Fangary spent years trying to get WonderBooks off the ground. He launched the digital reading platform in 2016, but it struggled to attract users. When he returned to the project, AI tools gave him a different way to build it.