
AfricaWorks Insights
February 26, 2025 at 02:32 PM
Gozem, a leading super app in Francophone Africa, has raised $30 million in Series B funding to expand vehicle financing and digital banking 🚀. Backed by MSC Group and Al Mada Ventures, the investment will help drivers own vehicles and fuel Gozem’s regional growth. Since launching in 2018 in Togo 🇹🇬, Gozem has evolved into a multi-service platform across Togo, Benin 🇧🇯, Gabon 🇬🇦, and Cameroon 🇨🇲.
South Africa-founded 🇿🇦 RapidDeploy, a cloud-based 911 solutions provider, has been acquired by Motorola Solutions for an undisclosed amount. RapidDeploy’s technology enhances emergency response by improving data access and situational awareness for first responders 🚨. The acquisition will integrate its solutions into Motorola’s VESTA platform, expanding support for over 1,600 emergency centers across the U.S 🇺🇸.
The Central Bank of Egypt (CBE) 🇪🇬 hosted a delegation from the Bank of Tanzania 🇹🇿 to strengthen economic ties and exchange knowledge on digital transformation, FinTech, and payment systems. The visit highlighted Egypt’s leadership in digital banking and its commitment to regional collaboration, reinforcing historical ties between the two central banks 🤝.
African Infrastructure Investment Managers (AIIM) has acquired controlling stakes in Octotel and MetroFibre, making it a major player in South Africa’s 🇿🇦 fibre market. The consortium fully owns Octotel and holds a 28.5% stake in MetroFibre, positioning them as the country’s third-largest fibre network 🌐. AIIM also secured regulatory approval to acquire ISP RSAWeb, strengthening its influence in the digital infrastructure sector 📈.
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