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From Fintech Liquidity to Sports Assets: Silverbacks Holdings Bets on Africa’s Sports Economy
Financially, the firm has delivered: 13.7x overall cash-on-cash returns across fintech investments over five years, 29x return on LemFi following a $53m Series B, 5x cash-out from OmniRetail Africa.
MINGO Tickets roles out Across 54 Countries in africa - partners with African Boxing union
As part of its African expansion, MINGO is partnering with African Boxing Union and the Yucateco Boxing League (YBL). YBL currently have 500+ annual participants, 1000+ bouts annually and ₦100M+ (USD 70K) annually in prize money.
International Cricket Council (ICC) and Marriot International Sign Multi-Year Partnership
Cricket fans will gain access to premium accommodation options worldwide when traveling to watch top-class international cricket at ICC tournaments.
SPA South Africa Partners with Vodacom Bulls, Lions, The Sharks and DHL Stormers
By investing across all four unions, SPAR is aligning its brand with unity, local economies, and the communities that sustain the sport.
Nigerian National Petroleum Company limited (NNPCL) partners With The Nigerian National Institute of Sports (NIS)
The initiative is to shift focus from natural resource extraction to long-term human capital development in other sectors such as sports.
FIFA Increases World Cup Prize Money to $50M, 19% increase From Previous Edition
FIFA approved prize fund of $655M. The Winner of the FIFA World Cup 2026™ - Canada, Mexico and the United States will receive $50M a +19% increase from $42M in the previous edition (FIFA World Cup Qatar 2022) and 50% total increase overall in Prize Money.
Ghana Federation of American Football has been Officially Recognised
Ghana’s ambitions to become a West African powerhouse in American football have taken a significant leap. This milestone was shaped largely by the leadership of its Vice President, Brian Asamoah II.
NBA Africa Awards 5 African Startups Triple-Double Prize
NBA provided winners with financial support and the opportunity to join the Carnegie Mellon University Africa 12-Month Business Incubation program. See all prize winners.
Nigeria Sports Commission (NSC) put in bid to host 2031 African Games
The National Sports Commission of Nigeria has formally submitted its bid to the African Union Sports Council to host the 2031 African Games. This signals Nigeria's ambition to once again welcome Africa’s premier multisport event nearly 25 years after successfully hosting the 2003 edition.
Rwanda Development Board Talks with F1 to Bring Formula 1 Race to Rwanda in 2029
Discussions over a Formula 1 grand prix being held in Rwanda in 2029 are ongoing, according to the CEO of the Rwanda Development Board (RDB) Jean-Guy K. Afrika.
Netflix to launch daily AFCON show
Global streaming company Netflix magazine-style show will run for AFCON 2025 from 22nd December - Jan 19th. Offering viewers match highlights from previous day's games.
Ghana Creates National Sports Fund to Develop Infrastructure
The fund is designed to develop infrastructure across the country from tracks and stadia to multi-purpose sports facilities, a move that will improve local sporting ecosystems and enhance facilities.
Adidas and South Africa Football Association (SAFA) Sign Partnership Agreement
The three-year partnership will see the global sports brand become the official technical sponsor of South Africa’s national football teams ahead of the 2026 FIFA World Cup.
Samsung becomes the Official Mobile and Consumer Electronics Partner of SA Rugby and Vodacom URC
The partnership brings access to Samsung’s latest consumer electronics, which will enhance training facilities, and put the very best communication devices such as Galaxy devices.
Casablanca City Council Create Sports Infrastructure Management Company “Casa Region Sport”
Casa Région Sport will gradually replace Sonagres and Casa Events in managing the region's major stadiums, including the Stade Mohammed V Complex, the Larbi Zaouli Stadium and the future Hassan II Stadium which is currently under construction.
Nigeria Set to Host 2026 E1 Series Boat Race For the Second Time
E1 Series - the world’s first all-electric boat-race championship, has officially confirmed its return to Lagos, Nigeria, for the 2026 season. The 2026 season is expected to further solidify E1’s global footprint and positioning Lagos as a key stop on the world racing map.
CAF has increased AFCON Prize Money by 43%. Winner gets $10M
The Confederation of African Football (CAF) announced that the prize for this year's winner of the AFCON 2025, hosted by Morocco (from Dec. 21 to Jan. 18), has been raised to $10 million.
PFL Africa $100K Prize Money becomes one of the highest Payouts for Professional Fighters in Africa
Four PFL Africa Champions will be crowned across the Heavyweight, Welterweight, Featherweight, and Bantamweight divisions.
Sports Tech Startup FanBants Shuts Down
The African startup that fused fantasy sports with pop culture announced its closure after four years in operation. Founder Fola Folowosele announced earlier this week ending a venture that began with the support from Techstars. Beşiktaş J.K Professional Footballer Wilfred Ndidi who was also an investor.
FIBA Basketball and ESPN Africa to bring Basketball games across Sub-Saharan Africa
This will grant the ESPN Africa english-language rights across Sub-Saharan Africa until 2029 for distribution on ESPN pay television services.
