Canal+ Takes Control of MultiChoice After Takeover Clears, Names New CEO

Plus: MKOPA reaches 3 million customers and Bonto Kenya shuts down its remittance service

French media giant Canal+ has secured effective control of MultiChoice Group after its mandatory takeover offer became unconditional, completing all regulatory requirements.

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In The News This Week:

M-KOPA Hits 3M Active Customers, Deploys $2B in Credit

M-KOPA, Africa’s leading inclusive fintech, has surpassed 3 million active customers for the first time – a milestone that puts the company on track to serve 10 million Every Day Earners by the end of the decade.

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Bonto Kenya Shuts Down Just 8 Months After License Approval

Bonto Kenya, a fintech remittance startup, has officially shut down operations less than eight months after receiving its Central Bank of Kenya (CBK) license.

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Kenya’s ARC Ride Secures $10M from Mirova for EV Battery Swapping Push

French sustainable investor Mirova has provided $10 million in senior debt to ARC Ride, Kenya’s electric mobility startup operating Africa’s first and largest automated battery-swapping network.

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In Other News

• Revolut Seeks Banking License in South Africa

• Bank of Ghana Outlines Directives for Digital Credit Services Providers

• PayPal pledges $100M to boost digital growth in Middle East & Africa

• TLcom Capital Partner Ido Sum Exits after 14 years

• AOT Lagos 7.0 Set for December With Focus on Future Tech and Sustainability

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Africa Ecosystem Activity

• 4 entrepreneurs named finalists for 2025 Africa Prize

• Kenya’s BuuPass onboards 13 new transport operators, strengthens pan-African mobility network

• Tanzania’s MazaoHub raises $2m pre-seed to scale AI-powered climate-smart farming across Africa

• Kenyan solar company Sun Culture banks $5m funding from WaterEquity

• Egypt’s Duaya acquires EXMGO in 6-figure deal, relaunches as Duaya Go

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Partner Content

EVENT: DASA 2025 - Africa’s Premier Digital Assets Summit Kicks off in Accra On September 29th

In a bold step toward shaping Africa’s digital finance future, Promark Elite Ltd, a Ghana-UK-based consultancy and events and strategic communications company, will host the inaugural Digital Assets Summit Africa (DASA) on 29th September in Accra.

The two-day forum will bring together policymakers, investors, regulators, and technology leaders from across the continent and beyond.