Mauritian fintech wins MEST Africa Challenge 2025

Backed by a globally seasoned board and deep African expertise, the group aims to double its SME customer base and ignite the continent’s next fintech revolution.

The company is set to deploy its solutions for automated data extraction, fraud detection, and verification in Mauritian banks.

The company has set its sights on Rwanda, Tanzania, Ethiopia, and Egypt, adding to its portfolio of over 40 African countries.

Five years after MTN sold its stake, Jumia has attracted AXIAN Telecom as a new strategic partner with an 8% stake, indicating renewed trust in the e-commerce platform's turnaround efforts and future prospects.

The financing will help the telco modernise and expand its network infrastructure, with a focus on 4G and 5G deployment, while also enhancing digital innovation.

The company says she will drive its growth by positioning NEC to play a crucial role in Mauritius’ digital transformation.

The measure is part of government plans to enhance digital access and connectivity for young people and facilitates their engagement in educational, professional, and social activities.

The fintech says his experience and strong business network will accelerate Peach Payments’ growth and innovation in Mauritius.

Hassan Jaber will succeed Stéphane Oudin, who will become an advisor to the chairman and a board member of AXIAN Telecom's operating companies.

By joining the EQUALS, the African telecoms group with a presence in 15 countries, said it aims to learn from shared experiences and best practices

Mauritian CIM Finance has partnered with Root to integrate the insur-tech’s policy management system into its existing infrastructure.

Priced at MUR 23 per share, the offer that opened yesterday will close on June 22.