Company News

How Covid-19 accelerated retailer investment in tech

Approximately 58% of retail professionals say the pandemic accelerated new technology-related product launches at their company, according to the new report...

6 Jul 2021

Tana Africa Capital acquires stake in African drinks business KDV Holdings

Private equity firm Tana Africa Capital has purchased a stake in Kensington Distillers & Vintners, an African premium drinks business focused on beverage manufacturing and distribution...

2 Jul 2021

'Buy now pay later' spend predicted to reach $995bn in 2026

This 274% growth will be fuelled by a greater appetite from users for credit to spread costs, particularly in the wake of the pandemic, which has put extreme pressure on user finances...

14 Jun 2021

SA, Nigeria and Kenya driving e-commerce volumes in Sub-Saharan Africa

A new Visa report states that the top market contributors to e-commerce in Sub-Saharan Africa over the last three years were South Africa, Nigeria and Kenya, with Ghana also showing growth...

9 Jun 2021

POS transaction values predicted to exceed $17.3tn globally by 2026

The total value of transactions processed by POS terminals will exceed $17.3tn in 2026, from $14.8tn in 2021, according to a new study by Juniper Research...

18 May 2021

Afrikrea launches SaaS platform to simplify global selling for African merchants

Afrikrea has partnered with DHL and Visa to launch Anka, a platform that provides African micro retailers and small businesses with e-commerce, payments and global shipping services...

30 Apr 2021

Kenyan startup Tanda set for regional expansion after funding boost

Tanda enables shops in Kenya to be access points for financial services including banking, insurance, and utility payments...

12 Apr 2021

Network International to acquire DPO in landmark pan-African payments deal

DPO Group will support the expansion of Network International's presence across Africa, one of the most under-penetrated and fast-growing payments markets in the world...

29 Jul 2020

Covid-19 impact on consumption patterns in Africa's key markets

Prior to the pandemic, Africa was identified as one of the fastest-growing consumer markets in the world, with household consumption growing even faster than GDP...

23 Jul 2020

Slow Covid-19 economic recovery compels African companies to adapt

The World Economic Forum (WEF) reported this week that the pandemic has hit global trade and investment at an "unprecedented speed and scale" and revealed the fragility of the modern supply chain...

By Clement Chinaka 21 May 2020

Global e-retail transaction values to exceed $4tn by 2024

E-retail transaction values will reach $4.8tn by 2024, up from $3.3 trillion in 2020, according to a new report from Juniper Research...

24 Mar 2020

SA's 2Engage plans for further growth in Africa and abroad

South African fintech and customer engagement business, 2Engage, is pursuing international growth opportunities...

12 Feb 2020

Innervation acquires loyalty business from Tritech Media

Innervation Pan African Payment Solutions has acquired African loyalty business, The Loyalty Box, from Tritech Media for an undisclosed amount...

4 Feb 2020

$50m Standard Bank funding to boost CCBA Ethiopia expansion

Standard Bank has arranged and structured $50m in financing facilities for Coca-Cola Beverages Africa to support its expansion strategy in Ethiopia over the next five years...

29 Jan 2020




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