Companies

Absa, one of South Africa’s largest banks has partnered with Altron FinTech to provide advanced smart point-of-sale (POS) terminals to help merchants streamline and grow their businesses in South Africa. The collaboration marks a new era in payment technology for SMEs.

Royal Air Maroc, Morocco’s flagship carrier, and CDG Group, a state-owned financial institution, have signed a strategic partnership to enhance TravelTech innovation in Morocco. This collaboration aims to support local startups and develop cutting-edge solutions tailored to the tourism industry.

Nigerian fintech startup Brass has been acquired by an investment group led by Paystack. The financial terms of the deal remain undisclosed, but the acquisition marks a significant consolidation in the Nigerian fintech industry.

Pepkor Holdings (PPHJ.J), a prominent South African discount retailer, reported a 3.1% decrease in half-year earnings, attributing the decline to persistent supply chain disruptions at local ports. These disruptions have significantly impacted the company’s ability to import merchandise.

WeWire, a prominent cross-border business payment platform with operations in Kenya and Nigeria, has been admitted into the Bank of Ghana’s (BOG) regulatory and innovation Sandbox program.