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Hi Fintech friends 👋,

Here are the highlights of what happened in African Fintech this week;

  • Kenyan based Fintech was acquired by Bolttech.

  • A funding was announced to back female-led and women-focused startups.

  • Kenyan Bank ousted  2,000 staff in an ethics sweep. 

  • Two Nigerian Unicorns launched different products.

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💸Fundraise and Exits

  • Tanzania based Blackswanraised $50K from Mest Africa.

  • Bolttechacquired Kenya’s insurtech Fintech mTek.

💰 Venture Funds

  • Five35 Ventures raisedfunding to back female-led and women-focused startups.

🚀 Partnerships & Product Launches

  • Send by Flutterwave launched Naira travel cards for diaspora holiday spending.

  • MoniepointlaunchedMoniebook to provide business owners a unified inventory and POS solution.

👔 Leadership Lineup

  • Equity Bankousted 2,000 staff in an ethics sweep as remaining workers received a sharp pay rise.

📰 News of the Week

  • Vodacom Groupacquired the government’s stake in Safaricom (M-Pesa’s owner) for $2.1 Billion.

Vodacom Group entered into an agreement with the Government of Kenya to acquire a 15% stake in Safaricom, which own M-pesa, Afrca’s biggest mobile money provider,, as well as a further 5% from Vodafone.

Shameel Joosub, CEO of Vodacom Group, said: “Acquiring a controlling stake in Safaricom strengthens our position as a market leader, while at the same time unlocks new opportunities to drive digital and financial inclusion at scale in Kenya and Ethiopia.

👀 Eye Openers

  • M-Pesa is complaining that a competitor in Ethiopia blocked its app access, a behavior that M-Pesa’s owner, Safaricom, has been accused of in some markets, like Tanzania. Is that karma?

📑 Read of the week

📖 Other News, Reads, and Media

  • The Central Bank Of Nigeriarevised Nigeria’s cash withdrawal and deposit limits.

🪙 Stablecoin Watch

News;

  • Kotani Pay partnered with FinFan to power stablecoin cross border payments.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • Interview with Tayo Oviosu, Founder and CEO of Paga, on how he built a $20 Billion Nigerian Fintech in total Chaos.

🦉 Tweet of the Week

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Biggest takeaways from SuperReturn 2025:

> The average DFI-backed Africa fund is now 15+ years in and finding it difficult to exit

> And so DPI is now paramount which means many funds are chasing secondary exits hard.

> This worked for the nascent ecosystem era (pre-2020) that… https://t.co/RDMUoQKduB— Stephen Deng (@mrstephendeng) December 4, 2025

Made in Tanzania 🇹🇿 with 💚

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