Tech Firms Announce Strategic Expansions Across Africa - September 2025

Several companies have announced strategic moves aimed at expanding their services across Africa. CMC Networks appointed Mahesh Jaishankar as its new Managing Director to lead the company's expansion of AI-powered connectivity solutions across Africa and the Middle East. In the fintech sector, South African company Float raised $2.6 million (R46 million) to support its local growth and expansion into new markets for its card-linked instalment platform. Additionally, payments platform Verto launched Atlas, a new suite of API-first tools designed to simplify cross-border payments for businesses operating on the continent. Verto's new APIs aim to address challenges like differing regulations and volatile currencies that hinder digital businesses in Africa.