NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

In a significant move for the African fintech ecosystem, Ukheshe International has acquired 100% of EFT Corporation Limited (EFTCorp) from parent Loita Transaction Services (LXS), a pan-African payment solutions and financial switching provider. This transaction follows on Ukheshe’s 2022 acquisition of Masterpass in South Africa and the closing of their funding partnership with Development Partners International (DPI) in 2023.

Photo courtesy of Scott Mainwaring.