Africa CEO Voices News - MidWeek 20

• Lesaka Technologies set to acquire paytech Adumo for US$85.9m

SOUTH AFRICA – Fintech firm Lesaka Technologies has signed a definitive agreement to acquire fellow South Africa-based paytech Adumo in a deal worth around US$85.9 million.?.?.?MORE

• tappi partners KNCCI to digitize MSMEs in Kenya

KENYA – E-commerce startup tappi has signed a MoU with the Kenya National Chamber of Commerce and Industry (KNCCI) to introduce digital services to 30,000 Micro, Small, and Medium-sized Enterprises (MSMEs) across Kenya.?.?.?MORE

• Admaius makes investment in TRES Infrastructure Limited

RWANDA – Admaius Capital Partners has announced its majority equity investment in operator of telecommunications infrastructure TRES Infrastructure Limited.?.?.??MORE

• African Guarantee Fund, KWFT target women-led in US$5m deal

KENYA—African Guarantee Fund has signed a US$5.53 million risk-sharing partnership agreement with the Kenya Women Microfinance Bank PLC (KWFT) to boost financial inclusion for women-led or women-owned Small and Medium Enterprises (SMEs).?.?.??MORE

• MNZL raises US$3.5m seed fund to enhance its technology

EGYPT— Fintech startup MNZL has raised US$3.5 million in seed funding to enhance its technology and scale operations, empowering more Egyptians.?.?.?MORE

• Maad secures US$3.2m funding to bolster its growth

SENEGAL – E-commerce startup Maad has secured US$3.2 million in debt-equity financing to bolster its growth in the Western Africa country and to explore fresh opportunities in the wider Francophone region?.?.?.MORE

• Sovereign Fund, PAIX Data Centres to construct data center in Djibouti

DJIBOUTI—PAIX Data Centres, a data center solutions provider, has entered into a strategic joint venture with the Djibouti Sovereign Fund to construct a cloud and carrier-neutral data center in Djibouti. . .?MORE

• Glint closes its second venture fund to support innovative entrepreneurs

EGYPT – Investment firm Glint has announced the first close of its second venture fund to focus on supporting startups through its proprietary venture studio model.?.?. ?MORE

• ?Swypex launches following US$4m seed investment

EGYPT – Fintech startup Swypex has launched its all-in-one financial services platform for businesses following a US$4 million seed investment round led by venture capital fund Accel.?. .?MORE

• Rakesh Parbhoo appointed Executive Vice President for Westcon-Comstor MEA

SOUTH AFRICA – Westcon-Comstor, a technology provider and specialist distributor, has appointed Rakesh Parbhoo to the newly-created role of Executive Vice President (EVP) of its Middle East and Africa (MEA) business.?. .??MORE