Moment, a pan-African fintech, today announced the close of its $22 million (around R364 million) Series A funding round, led by AlphaCode Venture Partners, with continued investment from General Catalyst, MultiChoice, and fresh investment from Canal+.
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The prolonged disruption of shipping through the Strait of Hormuz has exposed how vulnerable Africa’s economies are to geopolitical shocks. Fuel prices have remained elevated, squeezing economies that depend heavily on petroleum imports from the Middle East. These include Ethiopia, Kenya, Mozambique, South Africa, Tanzania and Uganda.
FinTech funding experienced a significant drop this week, with just $673m raised across 15 FinTech deals.
“Our FMCG portfolio delivered an outstanding quarter, where we doubled media investment alongside continued strength in Hair Fashion across markets,” said Sudhir Sitapati, managing director and chief executive officer of Godrej Consumer Products (GCPL), as the company reported double-digit growth in revenue and profit for the June quarter.
Africa Financial Inclusion Summit and Expo 2026 Cape Town, South Africa September 29-30, 2026
Africa’s largest stock exchange is positioning itself to host a secondary listing of Dangote Petroleum Refinery, as interest grows across the continent ahead of what could become one of Africa’s biggest initial public offerings.
Sub-Saharan Africa’s environmental future may depend less on how fast its economies grow than on what they become capable of producing. Moving beyond raw commodities toward more knowledge-intensive and technologically sophisticated production could reduce ecological pressure, but the gains are neither automatic nor uniform.
India’s Hindustan Petroleum has bought two Nigerian crude grades for its 180,000-barrel-a-day Rajasthan refinery.
The sovereign credit ratings of the leading credit rating agencies are most visible through their outputs: an upgrade, a downgrade or a change in “outlook”. The evaluative work that produces those outcomes receives far less attention. Yet it is precisely that work that explains why credit rating agencies occupy such an influential position in international…
For over twenty years, China has stood as one of Africa’s main foreign investors, paying for roads, rail lines, ports, power stations, and mines across the region. Lately, however, a quiet change has begun. Some of India’s richest people are growing their work in Africa, putting billions into areas like mining, mobile phones, factories, and…
