Story perspectives

Africa Boosts Digital Economy with Key Acquisitions and Investments

9/2/2025

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Summary

Story summary

Africar Group acquired Koto.ci, improving digital automotive services and new car price transparency in Africa.
The group now operates over 70 platforms across 15 countries, becoming Africa's largest automotive network.
Street Wallet raised USD 350,000 to expand digital payment solutions for South Africa's informal trading sector.
The startup's QR code system aims to integrate over 1 million street vendors into the digital economy.
These initiatives highlight Africa's increasing focus on digital solutions for transparency and financial inclusion.

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Story summary

Africar Group acquired Koto.ci, improving digital automotive services and new car price transparency in Africa.
The group now operates over 70 platforms across 15 countries, becoming Africa's largest automotive network.
Street Wallet raised USD 350,000 to expand digital payment solutions for South Africa's informal trading sector.
The startup's QR code system aims to integrate over 1 million street vendors into the digital economy.
These initiatives highlight Africa's increasing focus on digital solutions for transparency and financial inclusion.