Amazon Expands Into Groceries, Pet food in South Africa

Plus: Moniepoint acquires Microfinance bank in Kenya and dlocal acquires Aza Finance

The move signals Amazon’s intent to become a one-stop shop in South Africa’s growing e-commerce market — currently dominated by local player Takealot.com, owned by tech giant Naspers.

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In The News This Week:

Ghana Government In Talks With Investor for AT Telecom Revamp

The Ghanaian government is in active negotiations with a strategic investor to take over and revamp AT (formerly AirtelTigo), according to Communications Minister Samuel Nartey George.

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Moniepoint Cleared to Acquire Kenyan Microfinance Bank

Moniepoint Inc. has received the green light from the Competition Authority of Kenya (CAK) to acquire a 78% stake in Sumac Microfinance Bank, marking a major step into East Africa’s fast-growing financial sector.

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Latin America’s dLocal to Acquire Africa-Focused Aza Finance for $150M

Latin American payments giant dLocal is acquiring Aza Finance, a cross-border payments platform focused on Africa, for an estimated $150 million

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In the rest of the news (ICYMI):

• Canadian Firm Rektron to Acquire 60% Stake in Ghana’s AT Telecom

• Starlink Goes Live in the Democratic Republic of Congo, Expanding Its African Footprint

• Netflix Hikes Prices Again in Nigeria

• Ghana Targets Rogue Digital Lenders, Hidden Fees, and High Default Rates

• Lightwave Revoked, Then Reactivated Its Digital Electronic Medical Record Services For Ghana Health Institutions

• OpenAI’s ChatGPT Aims to Upend Google’s Search Dominance in 2025

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Africa Ecosystem Activity

• SA recycling startup Regenize secures funding from E Squared Investments

• SA home services startup HomeApp plans US pilot after strong uptake at home

• Nigeria’s Kredete launches Africa’s 1st stablecoin-backed credit card

• Nigeria’s Salpha Energy raises $1.3m funding to scale local solar assembly

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