A financial services provider offering a range of banking and financial solutions across Africa, supporting innovation and entrepreneurship.
Mudavadi-linked investors agree to buy back Absa’s insurance stakes in a Sh3bn deal
Investors associated with Musalia Mudavadi and Issa Timamy are set to acquire majority stakes in two Kenyan insurance companies for Sh3 billion. The acquisition involves Absa’s 63.3 percent stake in Absa Life Assurance Kenya and First Assurance Kenya Limited.
Blockchain Captured 5.3% of Africa’s Venture Funding in 2025
Blockchain accounted for 5.3% of all African venture funding in 2025, nearly double the global average of 3%. African blockchain startups raised $90.1 million across 28 deals in 2025.
Blockchain Captured 5.3% of Africa’s Venture Funding in 2025, Near 2x the Global Rate
Blockchain accounted for 5.3% of all African venture funding, nearly double the global share of 3%. It represented 6.9% of Africa’s total venture deal count, up from 6.1% in 2024.
Absa x Thunes Unveil Absa Global Pay
Absa Group has launched a new digital-first remittance solution called Absa Global Pay in partnership with Thunes. The service enables faster, simpler, and more affordable cross-border money transfers for millions of customers across Africa.
Mauritian Fintech Startup Wins the MEST Africa Challenge 2025
Black Swan was named the winner of the MEST Africa Challenge 2025 during a Grand Finale in Cape Town. The MEST Africa Challenge is a leading Pan-African pitch competition that supports early-stage startups.
