The 50 Biggest M&A Deals Reshaping Africa’s Tech Ecosystem in 2025

Mergers and acquisitions emerged as a defining theme in Africa’s tech ecosystem in 2025, signalling a strategic pivot away from slow, organic expansion toward faster, more decisive scale. By mid-year alone, at least 29 tech-related M&A transactions had been recorded, representing a 45 per cent increase compared to the same period the previous year.

This shift reflects a broader recalibration across the continent’s startup and investment landscape. Instead of building incrementally, companies are increasingly using acquisitions to unlock new markets, secure regulatory approvals, absorb competitors, and plug infrastructure gaps overnight.

Data from Briter’s 2025 Venture Pulse report underscores the trend. While venture deal volume has continued to decline from its 2022 peak of more than 600 transactions, Africa still recorded 489 deals in 2025. At the same time, total capital deployed rose sharply, climbing 44 per cent year-on-year to $3.24 billion. Fewer deals, more money, and higher expectations have made consolidation an increasingly attractive path to growth.

Below are 50 of the most consequential M&A transactions that defined Africa’s tech ecosystem in 2025.

Payments, Fintech, and Financial Infrastructure

1. Stitch began the year by acquiring ExiPay in South Africa, folding in-person retail payments into its enterprise-focused online payments infrastructure and creating a unified API-driven platform.
2. Moove expanded beyond Africa in January by acquiring Brazilian car rental marketplace Kovi in an all-stock transaction, giving the Uber-backed mobility fintech instant access to the Latin American market and thousands of additional vehicles.
3. LemFi secured a critical regulatory milestone through its acquisition of Ireland-based Bureau Buttercrane, enabling the Nigerian-founded company to operate across the European Economic Area under an Irish licence.
4. In Egypt, Raseedi absorbed fellow fintech Kashat, allowing it to expand its product suite to include instant lending services, while Dsquares acquired a majority stake in Prepit to deepen its loyalty and rewards footprint across the Middle East.
5. Basata strengthened its payments infrastructure by increasing its stake in MadfoatCom, tightening collaboration between the two companies and accelerating digital bill payment adoption.
6. PayTabs Group consolidated control of its regional operations by acquiring a majority stake in PayTabs Egypt, streamlining governance and execution across the MENA region.
7. Peach Payments pushed aggressively into Francophone West Africa through its acquisition of Senegal-based PayDunya, giving it cross-border reach through a single payments API.
8. Access Bank expanded its East African footprint after regulatory approval for its acquisition of the National Bank of Kenya, committing fresh capital to stabilise the struggling lender.
9. C-One Ventures entered regulated banking by acquiring Nigerian microfinance bank Bankly is gaining licences, infrastructure, and an established distribution network.
10. Catalyst Partners Middle East completed Egypt’s first SPAC merger through its acquisition of lending startup Qardy, folding digital credit capabilities into its regional portfolio.
11. Moniepoint made two strategic acquisitions, first securing a controlling stake in Sumac Microfinance Bank to enter regulated banking, and later acquiring Bancom Europe in the UK to strengthen its European payments and remittance infrastructure.
12. dLocal acquired AZA Finance in a deal estimated at $150 million, enhancing its treasury operations, FX capabilities, and payout efficiency across African markets.
13. Pesa obtained UK and EEA regulatory coverage by acquiring Authoripay Emoney, while Nigerian investment firm BAS Group took a majority stake in invoice financing startup Zuvy Technologies.
14. Lesaka Technologies acquired digital bank Bank Zero, strengthening its ability to deliver end-to-end banking services on a digital-first infrastructure.

1. Grinta expanded beyond pharmaceutical distribution by acquiring Citi Clinic, integrating primary healthcare services and exiting its retail pharmaceutical model in Egypt.
2. Silver Box revived Kenyan automaker Mobius Motors through an acquisition that injected capital and operational scale following months of financial distress.
3. Twiga Foods shifted toward an asset-light model by acquiring controlling stakes in Jumra, Sojpar, and Raisons, opting to layer software and data tools onto existing FMCG distribution networks rather than managing logistics directly.
4. MaxAB-Wasoko eliminated a key competitor through its acquisition of Egypt-based Fatura, consolidating leadership in the B2B retail and supply chain space.
5. Africar Group strengthened AUTO24.africa’s West African presence by acquiring Ivorian pricing platform Koto.ci, expanding earlier engagement with car buyers and sellers.
6. Ora Technologies brought last-mile logistics in-house with its acquisition of Moroccan delivery startup Cathedis, tightening control over a critical layer of its super app ecosystem.

Mobility, Energy, and Infrastructure

1. AXIAN Telecom took an 8 per cent minority stake in Jumia, offering strategic backing at a time of mounting pressure on Africa’s largest e-commerce platform.
2. Solar Panda Corporation expanded into Southern Africa by acquiring Zambia’s VITALITE, adding more than 100,000 customers to its clean energy portfolio.
3. Globeleq deepened its renewable energy footprint with a majority acquisition of Zambia’s Lunsemfwa Hydro Power Company.
4. Vodacom executed one of the year’s largest transactions by acquiring a 30 per cent stake in fibre infrastructure giant Maziv, securing access to Vumatel and Dark Fibre Africa’s extensive networks.
5. Pembani Remgro Infrastructure Fund II invested in Kenyan ISP Mawingu Networks, accelerating broadband access in rural and underserved communities.

Healthtech, Proptech, and Enterprise Software

1. HearX merged with US-based Eargo to form LXE Hearing, backed by a $100 million investment to build a global hearing health powerhouse.
2. Adapt IT expanded its healthcare and hospitality software portfolio through its acquisition of ResRequest, while SYSPRO completed a rare outbound acquisition by buying US-based warehouse management provider DATASCOPE.
3. Nawy entered the Gulf market by acquiring UAE-based SmartCrowd, combining broking services with fractional real estate investing.
4. Two Fold Capital led the acquisition of TaxTim, providing an exit for early investors and positioning the tax platform for further scale.

1. Motorola Solutions acquired South Africa’s RapidDeploy, integrating cloud-based emergency response software into its global public safety portfolio.
2. Cell C diversified into financial services with its acquisition of Comm Equipment Company, aligning with broader efforts to move beyond traditional telecom revenues.
3. ACKWEST Group brought Ghanaian deeptech firm Safiyo into its portfolio to strengthen data creation and analytics capabilities across emerging markets.
4. Ajua merged with Rate My Service to form a larger customer experience platform targeting expansion across multiple African regions.
5. Vifi Labs acquired Ugandan stablecoin payments platform Onramp, consolidating technical teams and product offerings as institutional adoption of stablecoins grows.

Read More: LemFi Opens USD and GBP Global Accounts for Nigerians, Signalling a Bold New Expansion Play

Banking and Financial Services Consolidation

1. Enko Capital and Oronte completed the acquisition of Société Générale Mauritania, part of the French bank’s wider African divestment strategy.
2. Nedbank acquired SME-focused payments provider iKhokha in a $92.4 million all-cash deal, gaining access to a fast-growing merchant base and modern payments infrastructure.
3. Leadway Holdings completed a full acquisition of Pensions Alliance Limited, significantly expanding its footprint in Nigeria’s regulated pension management industry.

What 2025 Signals for African Tech

Taken together, these 50 transactions highlight a clear inflection point. Africa’s tech ecosystem is maturing, capital is becoming more selective, and scale is increasingly achieved through consolidation rather than ambition alone.

Companies are no longer just building for growth. They are buying licences, infrastructure, talent, and market access and doing so decisively.