LoftyInc Capital Secures $43M First Close for New Pan-African Fund

Plus: Canal+ extends Multichoice deadline and Namibia eases visa restrictions

LoftyInc Capital Management has raised $43 million in the first close of its new LoftyInc Alpha Fund, a late-seed investment vehicle focused on scaling Africa’s top tech startups.

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In The News This Week:

Canal+ Extends MultiChoice Deal Deadline, Eyes African Expansion

French media giant Canal+ has extended the deadline for its takeover of South Africa’s MultiChoice by six months, giving regulators more time to approve the deal.

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MTN Ghana Posts Strong 2024 Profits, Boosts Dividend Payout

MTN Ghana reported a GHC 5.03 billion profit after tax for 2024, a 26.3% increase from GHC 3.98 billion in 2023.

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Winners of 4th Edition of Ghana FinTech Awards 2024 Announced

The 4th edition of the Ghana FinTech Awards honored top players in the country’s digital finance space, recognizing innovation, compliance, and partnerships that are shaping the industry.

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In the rest of the news (ICYMI):

• Namibia Eases Visa Rules to Attract Investors, Tourists

• Ghana’s Energy Debt Could Double by 2027

• Ghana Ready To Launch e-Cedi in 2025

• Kenya, Rwanda Banks Join Pan-African Payment System

• Ghana to Host the 14th Africa Fintech Summit on October 8th

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Africa Ecosystem Activity

• ABAN launches Africa’s 1st sports, creative investor network

• Kenyan re-commerce startup Badili raises $400k debt funding to support refurbished electronics initiative

• Egypt’s Fawry makes strategic investments in 3 local startups

• SA agri-tech startup Khula raises $6.8m Series A funding

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Tech Events in 2025

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