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Cellulant Recognised for Excellence in Delivering Embedded Fintech Solutions Across Africa

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Cellulant Fintech Solutions

Pan-African payments company awarded for its role in driving financial inclusion at the Annual Excellence in Fintech awards in Washington DC

NAIROBI, Kenya, May 13, 2022/ — Cellulant (www.Cellulant.io), Africa’s leading payments company, won the Award for Excellence in Embedded Fintech at the 7th edition of the Africa Fintech Summit in Washington, D.C., alongside the Spring Meetings of the IMF and World Bank last month.

The Africa Fintech Summit brings together diverse stakeholders in the fintech space, offering an avenue for exploration of ideas, mobilisation of investments, and collaborations across sectors and geographies. The summit highlights the issues and opportunities in African finance and the entrepreneurs driving the revolution on the world’s stage.

The awards ceremony dubbed the Annual Excellence in Fintech Awards recognises African fintech stakeholders to enable Africa’s entrepreneurial ecosystem and drive financial inclusion and literacy through innovation.

Cellulant was recognised for building payment rails that enable access to financial services for both businesses and individuals, thereby offering a seamless payment experience.

Embedded finance is posited to accelerate growth and drive innovation across Africa. According to a report by Research and Markets, the embedded finance industry in Africa and the Middle East is forecasted to grow by 45.3% annually, leveraging on strategic partnerships to drive financial inclusion. By integrating financial products tailored to a user’s need within a business infrastructure, customers can access financial services faster and seamlessly. Users gain access to money-related services when they need them.

Commenting on the recognition for its embedded fintech solutions, Cellulant’s Chief Executive Officer Akshay Grover stated, “The payments market in Africa is growing rapidly, ranking second globally with digital financial services as a key driver. Consequently, this raised the level of financial inclusion to 43% in 2017 from 23% in 2011. For Cellulant, by providing the rails for global, regional and local businesses to own their financial journey, we’re unlocking opportunities for the people to become financially independent and empowered. We’re proud of this award as it is a testament to the excellent work our teams are doing across the continent in enabling the rails that power online and offline payments for all businesses and their customers.”

Cellulant powers collections and payouts for thousands of businesses in various sectors across 35 countries in Africa. The company provides their customers with more than 280 locally relevant payment methods, including mobile money, cards & banks.  Key among these customers include Emirates, Bolt, Citibank and Booking.com.

Cellulant’s single API payments gateway, Tingg (http://tingg.africa/), enables global, regional and local businesses to collect payments online and offline while allowing anyone to pay from their mobile money, local and international cards or directly from their bank. Tingg powers payments for 220 million consumers on a single inclusive network, allowing interoperability across Africa.

On the panel ‘Embedded Everything’ discussing the impact of embedded finance, Milkah Wachiuri, Cellulant Group’s Chief of Growth, stated, “Whereas access to financial services is still a distant reality for many on the African continent, the strides made towards financial inclusivity in recent years have been significant. Embedded finance drastically reduces the adoption friction of financial products, shifting the payment experience for customers, and enabling realisation of financial and economic inclusion goals for more Africans.”

The Africa Fintech Summit (AFTS) honoured 14 standout African ecosystem stakeholders. AFTS’s US Partnerships & Sales Director, Sarah Chepkoech, revealed and awarded the prizes during the Networking Lunch Reception on Thursday, April 21st.


Distributed by APO Group on behalf of Cellulant.

Business

Spiro Appoints Former Indofast Energy Chief Executive Officer (CEO) Anant Badjatya as Group CEO to Lead its Next Phase of Growth

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Spiro

Anant joins Spiro with more than two decades of leadership experience across India, the Middle East and Africa

DUBAI, United Arab Emirates, June 9, 2026/APO Group/ —

  • Following its most recent landmark US$215 million equity raise, Spiro is strengthening its leadership team to execute its next phase of pan-African expansion and appoints Anant Badjatya as Group CEO of Spiro.
  • Anant Badjatya previously spearheaded Indofast Energy, the IndianOil × SUN Mobility joint venture, where he built one of India’s largest battery-swapping networks with more than 1,800 stations serving approximately 90,000 vehicles daily.

Spiro (http://www.Spironet.com), Africa’s leading electric mobility company, today announced the appointment of Anant Badjatya as Group Chief Executive Officer.

Anant will consolidate the Group’s strategic initiatives and guide the company through its next chapter of growth and execution in mobility, energy and tech

Anant joins Spiro with more than two decades of leadership experience across India, the Middle East and Africa, building and scaling businesses across electric mobility, energy and industrial sectors.

Most recently, he served as CEO of Indofast Energy, the joint venture between IndianOil and SUN Mobility, where he led the development of one of India’s largest battery-swapping networks, comprising more than 1,800 stations and serving nearly 90,000 vehicles daily.

The appointment comes at a pivotal moment for Spiro following its landmark US$215 million financing round, one of the largest investments ever made in Africa’s electric mobility sector. Anant’s broad mandate will span battery swapping, leasing, logistics, energy, and vehicle manufacturing.

Gagan Gupta, Founder and Chairman of Spiro said: 

As Spiro is accelerating on its mission to transform mobility across Africa through clean, affordable and accessible electric transportation solutions, Anant will consolidate the Group’s strategic initiatives and guide the company through its next chapter of growth and execution in mobility, energy and tech.”

Commenting on his appointment, Anant Badjatya said:

Africa represents the most exciting frontier for electric mobility.  Spiro has built a unique platform and is exceptionally well positioned to accelerate the transition to cleaner and more accessible mobility across the continent. I look forward to working with our teams, partners and stakeholders to drive the next phase of growth and impact.

Distributed by APO Group on behalf of Spiro.

 

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Energy

Gwede Mantashe Joins African Energy Week (AEW) 2026 as South Africa’s Petroleum Reforms Open the Orange Basin to Drilling

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African Energy Chamber

A new petroleum law and the prospect of fresh Orange Basin drilling is resetting South Africa’s upstream, and Minister Mantashe is taking the AEW host nation’s case to the global market

CAPE TOWN, South Africa, June 8, 2026/APO Group/ –Gwede Mantashe, Minister of Mineral and Petroleum Resources of the Republic of South Africa, has been confirmed as a featured speaker at the upcoming African Energy Week (AEW) 2026 Conference and Exhibition, where he is expected to lay out the reform agenda reshaping the country’s upstream oil and gas sector and its drive to convert long-stranded offshore gas into production.

 

South Africa is pursuing one of the most significant upstream overhauls in its history, anchored by a new law that gives oil and gas their own regulatory regime for the first time. The reforms position the host nation as both a destination for exploration capital and a future producer along an Atlantic margin that has drawn the world’s largest oil companies to the region.

At the center of the shift is the Upstream Petroleum Resources Development Act (UPRDA), which President Cyril Ramaphosa signed into law in October 2024. The Act separates petroleum from the mining statute that has long regulated both sectors. It also creates a single petroleum right covering exploration and production along with a 20% carried interest for the state. The UPRDA awaits a presidential proclamation to take effect, and implementing regulations that went through a further round of industry comment in early 2026 are now being finalized.

A clear petroleum framework and a credible state partner are what international capital needs to commit to the Orange Basin

Mantashe has emerged as the most forceful advocate for accelerating the sector. He has long-argued that South Africa must shift from importing refined products to producing its own, warning that dependence on foreign supply leaves the economy exposed to global price shocks. This shift becomes increasingly more importance in the current global climate, where supply security has become a major challenge – particularly for import-reliance economies such as South Africa. As such, Mantashe has repeatedly pressed for faster licensing and fewer legal delays to exploration. AEW 2026 is a key platform to bring this discussion to a global audience.

“South Africa has the geology for exploration. Now it is building the regulatory certainty it needs to turn discoveries into bankable projects,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “A clear petroleum framework and a credible state partner are what international capital needs to commit to the Orange Basin.”

Offshore, TotalEnergies – operator of Block 3B/4B in the Orange Basin – is preparing to begin drilling in South African waters in 2026 pending final regulatory approvals. The acreage sits on trend with the Venus discovery in neighboring Namibia, where TotalEnergies is developing the basin’s first oil project.

Onshore, momentum is building in Mpumalanga, where gas developer Kinetiko Energy’s Amersfoort project has logged sustained high-flow results and is advancing plans for an LNG pilot plant. Mantashe has also signaled that government is moving to lift the long-standing moratorium on shale gas development, with the Petroleum Agency of South Africa (PASA) estimating recoverable Karoo reserves at 209 tcf.

Mantashe is also expected to report on successes of the South African National Petroleum Company (SANPC), the state entity formed in May 2025 through the merger of PetroSA, iGas and the Strategic Fuel Fund. Positioned as the country’s petroleum champion, SANPC is intended to anchor state participation across the value chain as South Africa works toward 6 GW of gas-fired power by 2030.

As AEW 2026 prepares to convene policymakers, investors and operators at the Cape Town International Convention Centre from October 12-16, Mantashe’s address carries added weight as the host nation’s signal to the market. His message is expected to be direct: South Africa is open for upstream investment and ready to move from potential to production.

Distributed by APO Group on behalf of African Energy Chamber.

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Business

Mining Review Africa expands coverage to include global mining news

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vukagroup

The expanded editorial scope aligns with Vuka Group’s commitment to delivering timely, relevant and insightful content that supports informed decision-making across the mining value chain

CAPE TOWN, South Africa, June 8, 2026/APO Group/ –Vuka Group’s Mining Review Africa (https://WeAreVUKA.com), a leading source of mining industry news and insights, is expanding its editorial coverage to include major mining developments from around the world.

 

While Mining Review Africa remains firmly committed to reporting on the opportunities, challenges and successes shaping Africa’s mining sector, readers will now also benefit from coverage of international projects, investments, technologies, commodity markets and policy developments influencing the global mining industry.

The move reflects the increasingly interconnected nature of the mining sector, where developments in one region can have significant implications for investment decisions, supply chains, commodity markets, and mining operations worldwide.

Expanding our coverage enables us to deliver a more comprehensive view of the mining industry while maintaining our strong focus on Africa

“As the mining industry continues to evolve on a global scale, our readers are seeking greater context around international developments that impact Africa and the wider resources sector,” said Mining Review Africa Editor-in-Chief, Gerard Peter.

“Expanding our coverage enables us to deliver a more comprehensive view of the mining industry while maintaining our strong focus on Africa.”

Readers can expect enhanced reporting on major mining projects, mergers and acquisitions, sustainability initiatives, technological innovation, critical minerals, energy transition developments and regulatory changes from key mining jurisdictions worldwide.

The expanded editorial scope aligns with Vuka Group’s commitment to delivering timely, relevant and insightful content that supports informed decision-making across the mining value chain.

Mining Review Africa has established itself as a trusted voice within the African mining industry, providing news, analysis and thought leadership for mining professionals, investors, suppliers and policymakers. By broadening its coverage, the publication aims to give readers a deeper understanding of the global forces shaping the future of mining, while continuing to place African mining stories at the centre of its reporting.

For readers, this means access to a wider range of industry intelligence, bringing together African mining news and key international developments on a single trusted platform.

Distributed by APO Group on behalf of VUKA Group.

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