Beyonic became a profitable company in 2018, five years after it was founded by Luke Kyohere and Dan Kleinbaum. Starting with a pilot in Uganda, the company figured out an efficient business model for delivering payment management solutions to small and medium businesses in Rwanda, Tanzania, Kenya and Ghana. The initial focus was mobile money […]
Where are the exits in Africa? This question often arises at African tech events and in social media groups featuring the continent’s ecosystem actors. When investors back companies, they expect to reap positive returns after a few years. But that only happens when those companies grow and become more valuable than they were at origin. […]
Since the term was coined in 2016, femtech, a sub-sector in health technology dedicated to creating solutions that address female wellbeing continues to gain traction and attract VC funding globally. In Africa, however, the space is still very much in its budding phase. This segment is dedicated to telling stories of innovators, their solutions, the […]
In a deal that broadens cross-border financial services within and beyond Africa, MFS Africa, a mobile payments hub connecting banks, money transfer and telecom network operators, has acquired Beyonic, a Uganda-based digital payments company. It is a 100% acquisition paid for in cash and shares. The company will be called MFS Africa but Beyonic’s core […]
French media company Canal+ Group has completed the acquisition of ROK Studios, a Nollywood studio company that has produced over 550 movies and TV series as it attempts to gain a stronger foothold in French-speaking African countries.
The web-based platform was conceived by the trio of investors: Sean Obedih, Nick Engelking and Ade Oduntayo and aims to provide an online marketplace where anybody who wants to acquire or sell a company can do so across border, real-time and anonymously — at least for the most part.