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December 3, 2025
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Black Swan Wins MEST Africa Challenge 2025

Black Swan Wins MEST Africa Challenge 2025

Black Swan, a Mauritius-based FinTech startup using data intelligence to power inclusive lending, has won the MEST Africa Challenge 2025...

✨ Key Highlights

Black Swan, a Mauritius-based FinTech startup, has won the MEST Africa Challenge (MAC) 2025, a pan-African pitch competition focused on next-generation financial solutions.

  • Black Swan will receive US $50,000 in equity investment and a chance to pilot commercial solutions with Absa business units.
  • The startup builds infrastructure that transforms fragmented consumer and MSME data into real-time credit intelligence, enabling lenders to conduct instant affordability assessments.
  • According to MEST Africa's Portfolio Advisor, Ashwin Ravichandran, this year's applicants showed stronger technical depth and readiness to scale across borders, with FinTech now powering sectors like agriculture, energy, and trade.

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Part of the Day's Coverage

UAE Launches $1B AI Initiative & Tech Firms Partner to Boost Africa's Digital Sector - December 2025

The United Arab Emirates has launched a $1 billion "AI for Development" initiative aimed at accelerating artificial intelligence adoption across African nations, supporting projects in digital infrastructure, education, and public services. In a separate move to strengthen infrastructure, Africa Data Centres has partnered with CSSi SA to enhance South Africa's digital capabilities by deploying racks and providing data sovereignty solutions. This collaboration aims to meet the growing demand for reliable data storage. In another partnership, Bolt and Gebeya have collaborated to provide affordable transportation for Africa's service workforce, starting in Kenya and Ghana to ease mobility challenges. Additionally, the Mauritius-based FinTech startup Black Swan has won the MEST Africa Challenge (MAC) 2025, a pan-African pitch competition focused on next-generation financial solutions.

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