MTN Uganda to spin off mobile money unit into a standalone fintech
MTN Uganda announced plans to spin off its mobile money business into a standalone fintech company. The restructuring will transfer MTN Mobile Money Uganda to a new entity owned by MTN Group Fintech Holdings B.V.
Salus Cloud raises $3.7M to expand secure software delivery in Africa
Salus Cloud raised $3.7 million in seed funding to accelerate product development. The funding will support growth across Africa, the Middle East, and underserved tech ecosystems.
Silverbacks’ OmniRetail Exit Showcases Africa’s Startup Strength and Investment Upside
Silverbacks Holdings recorded its ninth successful exit through a partial sale of its stake in OmniRetail. The deal delivered a fivefold return on the original investment, reinforcing Silverbacks' performance in Africa's startup scene.
Nile Secures $11.3M to Power Agri-Tech Growth and Financial Access Across Southern Africa
Nile raised $11.3 million to boost its expansion across Southern Africa. The funding round was led by the Cathay AfricInvest Innovation Fund with support from FMO.
WeWire Acquires Treasury License in Mauritius to Scale Cross-Border Trade Tools
WeWire has secured a Mauritius Global Treasury Activities License from the Financial Services Commission. The startup is now the only African fintech offering integrated cross-border payments and trade finance tools.
