Author: Loni Prinsloo

MTN Group increased its fintech transaction volumes by a third in its latest financial year.

Private equity firm Actis is in talks to buy Swiftnet, the mast and tower business owned by Telkom, sources said.

Planet42 has raised debt and equity funding from Standard Bank to help the rent-to-buy start-up repay costly euro loans.

Nasdaq-listed Equinix will invest $390-million in Africa, including South Africa, over the next five years.

Top Sky executive Andrea Zappia has been named chairman of MultiChoice Group-owned Showmax.

Eskom will use a portion of $12.5-billion in multilateral loans to deliver power to areas where the grid is overloaded.

Norrsken22 has received the backing of more than 30 unicorn founders and institutions for new tech investments.

MTN Group has revised its estimate of unrealised foreign exchange losses in Nigeria.

The fund plans to invest in the telecommunications, technology, logistics, health care, consumer and retail sectors.

SpaceX will partner with e-commerce firm Jumia Technologies to expand its Starlink satellite broadband services in Africa.