DealMakers AFRICA

HSBC Holdings has agreed to sell the retail banking business of its indirect subsidiary, HSBC Bank Egypt, to Emirates NBD Egypt, which is a direct subsidiary of Emirates NBD Bank PJSC. The agreement covers HSBC Egypt’s entire retail banking business, including retail loans, deposits, customer accounts and the employees supporting the business. Financial terms were not disclosed.

Moove, the Nigerian-born, global mobility fintech, has raised US$250 million (at a $2,1 billion valuation) in a Series C funding round led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s Growth Fund, and Ion Pacific. Other investors included BlueCrest Capital Management, Sona Asset Management, The Raptor Group, BlackRock, MUFG, Franklin Templeton, Uber, Left Lane, Silverbacks Holdings, Square Associates, The Latest Ventures, Endeavor Catalyst, and the Ontario Power Generation Pension Plan.

Stablecoin, a payments infrastructure for emerging markets, enabling international payments, treasury management, and access to hard currency liquidity, has secured US$40 million from SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital and additional strategic investors.

Beltone Venture Capital announced the successful partial exit from Egyptian proptech BirdNest, delivering a 3.5x return on invested capital and an 80% internal rate of return (IRR) over a two-year holding period. The partial exit was executed across Beltone Venture Capital’s direct stake and its indirect stake through the joint fund with UAE-based Citadel International Holdings, while Beltone Venture Capital continues to retain a strategic stake in BirdNest, reinforcing its confidence in the company’s long-term growth potential.

AVA Capital, the integrated financial services group was admitted to the Nigerian Exchange by way of listing by introduction on 31 July 2026.

African Export-Import Bank (Afreximbank) has concluded financing facilities totalling US$190 million for CBZ Bank Limited of Zimbabwe. The first facility is a $150 million revolving trade finance facility for CBZ Bank Limited; the second facility is a $20 million dual-tranche SME finance facility and finally, the two institutions also signed an agreement for a $20 million dual-tranche on-lending facility to CBZ Bank Limited.

DealMakers AFRICA is the continent’s quarterly M&A publication
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