Author: Elan

A video of drivers protesting against inDrive and Bolt is trending on X, with one driver demanding that inDrive “pack your load and go” while Bolt “increase your price”. It surfaced on Monday, Oct 12, as e-hailing drivers began an indefinite strike. The clip, posted by Nigeria Stories, had passed 62,000 views at the time of filing this report. The video shows drivers chanting “inDrive must go” and “enough is enough”. The camera stays mostly on one man, who is not named. He says he is a driver and a father of four. “Do you want to kill us?” The…

Artificial intelligence (AI) has reshaped how the world works, and African AI startups, venture capital and tech ecosystems are no exception. The technology is evolving so fast that many investors are still working out how to evaluate AI startups, let alone how to fund them. Over the past six months, this column has spoken to African investors across regions, sectors, and funding stages about where AI creates genuine value, where it falls short, and what merits institutional capital. They are Babacar Seck, founder of Askya Investment Partners; Eloho Omame, partner at TLcom Capital; Emmanuel Adegboye, head of Madica; Magnifique Ishimwe,…

Credit: Joe Maring / Android Authority TL;DR In a new YouTube video, an early Pebble Round 2 tester has shared largely positive impressions after several months of everyday use. The watch’s slim design and comfort impressed him, but the buttons were occasionally unresponsive on two units. Battery life has varied during his testing, with the latest figure coming in at around 10 days. The Pebble Round 2 certainly impressed us when we got our hands on it at CES earlier this year, but a brief hands-on can only tell you so much about a device. With the long-awaited wearable still…

Joanna Okedara-Kalu, founder of startbuddi. Image credit: startbuddi team. Built in Ibadan within the Techdella business, startbuddi brings customer management, marketing and everyday operations into one connected workspace. Founder Joanna Okedara-Kalu explains the thinking behind the platform and the commercial questions it still needs to answer. A small business can have plenty of software and still struggle to keep its work organised. Customer details sit in one application, bookings in another and project updates in a third, while conversations continue through email and WhatsApp. Connecting those records can become a job in itself. That problem is the starting point for…

Sim Tshabalala, Chief Executive of Standard Bank GroupBy Standard BankStandard Bank Group, Africa’s largest bank by assets with a presence across 21 African markets, has signed a subscription agreement to invest in OPay, a digital financial platform primarily offering a comprehensive suite of integrated fintech solutions in Nigeria and other countries.This investment is expected to close concurrently with or shortly after the closing of OPay’s proposed initial public offering, subject to completion of the offering and receipt of applicable regulatory approvals. OPay has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission in connection…

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In brief The IMF’s latest Global Financial Stability Report found that more than 50% of tokenized stock trading occurs outside regular U.S. market hours, and about 80% of trades are for less than one share. Traditional stocks absorbed 87% to 99% of overnight tokenized price moves at the open, but tokenized equities were about 1.5 times more volatile and less liquid. The IMF said systemic risks remain limited for now and urged regulators to consider circuit breakers for 24/7 trading. Tokenized stocks may be a small market, but their traders aren’t keeping Wall Street hours.More than half of tokenized equity…

OPay has received authorisation from its board and shareholders to list on the Nigerian Exchange (NGX). This decision, announced in a registration statement submitted to the U.S. Securities and Exchange Commission (SEC) on October 9, 2026, is aimed at providing a new investment avenue for local investors. This secondary listing plan follows the fintech’s upcoming primary listing on the New York Stock Exchange (NYSE), marking a significant step for the company. In its statement, OPay highlighted that this move will allow Nigerian investors to buy shares directly from the local stock market instead of navigating overseas exchanges. While this news…

The GTA 6 leaker known as Cyberleek has threatened to release a build of the game containing the full story mode, “played to the end, credits and all,” if the leaker’s memecoin reaches a market cap of $30 million.The warning appeared on the Cyberleek website, which demands that Take-Two Interactive release GTA 6 on physical discs and issue a public apology to stop the leak.Cyberleek’s statement says Take-Two “gets one way out: physical disks and a public apology.” The leaker frames the GTA 6 leaks as a protest against the lack of a disc version of the game. It is…

Dar es Salaam, TanzaniaHere are summaries of the most widely read stories from the past week on Africa Private Equity News.1. Infinite Partners fund reaches final closeSouth Africa-based Infinite Partners has announced the final close of its Infinite Partners Core Equity Fund II, having secured R2.8 billion ($169.8 million) in capital, exceeding the target of R2.5 billion ($151.6 million). Read the full articleA MESSAGE FROM OUR SUPPORTERSInstitutional capital is the next frontier for South African venture capitalWhile institutional capital remains a relatively small contributor to South Africa’s venture capital market today, local industry leaders and stakeholders believe the foundations are…