Browsing: Networking and infrastructure

South Africa’s leading fintech, MFS Africa founder, Dare Okoudjou. MFS Africa announced on October 20, 2021 their acquisition of one of Nigeria’s leading super-agent networks, Baxi. www.theexchange.africa

Mergers and acquisitions worth US$52B were completed in South Africa during the first half of 2021, with the value of deals growing by 958% from 2020 with the tech sector in the lead according to Refinitiv Data that provides financial markets and infrastructure data . According to Digest Africa, the value of mergers and acquisitions in the African tech ecosystem in 2018 was US$504M with 24 out of the 39 deals taking place in South Africa making it the country with the most mergers, acquisitions and exits among the KINGS countries. …