Author: Elan

The XRP Ledger pool pairing XRP with Ripple’s dollar stablecoin, RLUSD, quotes about 4.7% annualized trading-fee yield. Joining this native pool changes what an XRP holder owns. The position becomes a shifting mix of XRP and the dollar stablecoin, surrendering some exposure to a rebound while cushioning some of a decline.The trade matters with XRP near $1.16, down 7.1% over seven days in CryptoSlate’s November 7 capture. A hypothetical $10,000 pool position would accrue about $9 in fees inside the liquidity position over one week at the displayed rate if prices stayed unchanged, before costs. That is the scale of…

“Avengers Endgame: Encore” has become the highest-grossing film re-release of all time in West Africa, according to Nigerian Box Office. It earned ₦93.4 million at Nigerian cinemas, pushing the film’s combined gross past ₦600 million. The re-release ended its run on Thursday, six weeks after returning to cinemas, with a final tally of ₦93,446,448, the Nigerian Box Office announced on X. The Film Intelligence digest by Fusion Intelligence puts the combined gross of the original and the re-release at about ₦621.7 million. The digest noted that six weeks of the seven-year-old Avengers film earned almost as much as many new…

Running a homelab gives you plenty of freedom to host your own applications, websites, and services. However, before exposing your homelab to the internet, take a few steps to avoid security problems and unnecessary headaches down the road. If I were setting up a fresh Docker server for public access today, there are five containers I would install before deploying my applications. They provide a solid starting point for anyone looking to safely expose a home server to the internet without making the initial setup unnecessarily complicated. Caddy handles reverse proxying and HTTPS Why do I recommend Caddy When you…

Chairman Julien Balkany explains how contracted domestic gas complements Panoro’s oil production—and how acquisitions compete with investment in existing assets. His comments were supplied before the 24 October Dussafu rig incident. Panoro Energy is adding contracted gas revenue to an African portfolio built largely around oil, while committing further capital to the assets it already owns. Its acquisition of an indirect 9.09% interest in Block CI-27 offshore Côte d’Ivoire, completed in September, brings a fourth producing country into the portfolio. Operated by Foxtrot International, the asset supplies gas for electricity generation in Abidjan, connecting Panoro’s upstream investment to domestic power…

Aruwa Capital Management has invested in Nigerian plastic recycling and packaging company Polysmart Packaging.Here are summaries of the most widely read stories from the past week on Africa Private Equity News.1. Mediterrania Capital Partners invests in AFG AssurancesAfrica-focused private equity firm Mediterrania Capital Partners has completed an investment in AFG Assurances, the insurance arm of Atlantic Group, the pan-African group founded by Ivorian entrepreneur Koné Dossongui. The deal will support the insurer’s plan to double its network from seven to 14 insurance companies across Francophone Africa. Read the full articleA MESSAGE FROM OUR SUPPORTERSPwC advises SAS Group on its acquisition…

Nairobi-based venture firm Enza Capital has launched a dedicated fund for AI startups and AI-enabled businesses across Africa. It has not disclosed the fund’s size.The AI Africa Fund will back companies building technology suited to African languages, local data, customer needs and infrastructure — not the expensive frontier models that compete head-on with the world’s largest AI developers.Founded in 2019 by Mike Mompi, Sir John Lazar and David Cohen, Enza has raised $58 million across its first two funds and says it has made 75 investments in 47 companies across nine countries. Mompi told TechCabal the firm has completed 11…

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A former FBI counterintelligence agent admitted to wire fraud and money laundering in stealing almost $2.5 million in cryptocurrency from unidentified adversarial nations and wallets that were under investigation.Patrick Steven Yaroch, 37, used his investigative positions with access to FBI systems to steal cryptocurrency, then exchange and launder it through financial transactions to conceal its source and ownership.Yaroch made about 100 fraudulent transfers related to 35 FBI investigations, gaining $2,474,380.66 in proceeds, according to a news release from the US Attorney’s Office, Eastern District of Virginia on Thursday.He had earlier admitted to unauthorized transfers that involved about $1 million in…

Qatar is offering foreign tech founders up to $5.5 million in funding to back growth-stage startups that want to operate in the gas-rich Gulf country, alongside visas, subsidised housing, and business support. Behind the incentives is a broader ambition to make Qatar a destination for global entrepreneurs. For a tech founder considering where to build their next company, Qatar is making an unusual offer: move your business to the Gulf state, and receive up to $5.5 million in investment funding, help securing residency, subsidised office space, and housing support. The offer, open to founders globally, including those from Africa, comes…

We’ve been working on something new! We’ve teamed up for a new small community for people doing UX-inside organizations — with weekly calls and a shared library of the business cases, templates, and research plans that have actually worked for other folks. Jump to details.You might have already read my name every now and then here at Smashing Magazine. I’m Paul Boag. I’ve written three books with Smashing and 77 articles (yes, I counted), and I sit on Smashing’s advisory board.So when Vitaly and the Smashing team offered me this slot in your inbox, I didn’t take it lightly. I…