Author: Elan
In brief BitMine posted a net loss of more than $3.8 billion during the three-month stretch ending in February. The firm attributes most of the losses to the unrealized or paper losses mounting from its Ethereum holdings. Shares of BMNR are up about 1% on Wednesday, but have slid nearly 60% in the last six months. Leading Ethereum treasury firm BitMine Immersion Technologies lost more than $3.8 billion in the quarterly period ending on February 28, according to a new 10-Q the firm filed with the SEC on Tuesday. The firm’s net loss figure of $3.81 billion was largely driven by…
Egyptian fintech startup INVIA has secured $1.2 million from angel investors and strategic partners to enhance its AI-powered financial operating system for small and medium-sized enterprises. INVIA was founded in 2023 by Yehia Ashour, Ahmed Zeinhom, and Omar Aboulmagd to solve a common problem for small and medium-sized enterprise (SME) owners: the difficulty of managing financial tasks. The platform combines bookkeeping, cash flow tracking, inventory, and manufacturing operations into a simple interface. This eliminates the need for users to rely on multiple systems. What makes this product easy to use is how it handles inputs. Instead of making business owners…
Joe Maring / Android AuthorityTL;DR Galaxy phone owners are experiencing an issue with Quick Share’s AirDrop support. Files sent to an iPhone are missing metadata, like location and lens details. Samsung has confirmed it is aware of the problem and is working on a fix. Samsung recently started rolling out Quick Share AirDrop support to its Galaxy phones. First arriving on the Galaxy S26 series, support is now starting to spread to older Galaxy devices through the One UI 8.5 beta. While the feature allows for quick and easy file transfers between Galaxy phones and iPhones, users have noticed a…
By Dr. Alfred Okot Okidi, Permanent Secretary, Ministry of Water and Environment Loss has dominated conversations about tropical forests for many years. Declining tree cover, rising emissions, and the pressure on governments struggling to balance development with conservation have shaped the narrative. Uganda knows these challenges well. But the global discussion often omits how countries are responding and the progress being made. Uganda’s forests currently cover an estimated 2.4-2.7 million hectares, equivalent to roughly 12-13% of the country’s land area, down from about 24% (approximately 4.9 million hectares) in 1990, with most of this long-term decline driven by agricultural expansion,…
** For the best experience, download the free Africa Private Equity News app Android | iOS **The International Finance Corporation has disclosed a proposed equity investment of up to $12 million in Quona Fund IV, a venture capital fund that backs early- and growth-stage companies expanding financial inclusion in emerging markets.The fund is managed by Quona Capital Management.Quona Fund IV will primarily make investments in Latin America, Southeast Asia, South Asia and Africa. Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits,…
PE surpasses VC in Africa — First time since 2019, private equity led deal volume in Q1 2026, signalling a structural market shift on the continent. Early-stage funding collapses — Seed deals fell 81% since 2021, threatening the pipeline of Africa’s next generation of investable startups. Regime change underway — Africa’s private capital market is rotating from return-driven VC to institutional PE, reshaping who funds what — and who doesn’t. Africa’s private equity market surpassed venture capital in deal volume for the first time in six years during the first quarter of 2026, data compiled by Ecofin Agency’s Africa Private…
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Make CryptoSlate preferred on Bitcoin climbed to its highest level since the early-February sell-off after US producer prices went up, but rose less than economists expected, in March, with easing oil prices and stronger equity markets adding to the rebound in risk assets.According to CryptoSlate’s data, Bitcoin surged past the $76,000 mark during early US trading hours, with the broader crypto ecosystem adding around $110 billion billion to its market capitalization during the last 24 hours.Bitcoin Price PerformanceThe prevailing market optimism has been largely driven by shifting expectations regarding the Federal Reserve’s monetary policy, compounded by unexpected developments in ongoing…
Abdulqudus Abubakre didn’t plan to become a frontend developer, and his first encounter with programming was almost accidental. During a school holiday, his father hired a private tutor to teach him web design, and for a few weeks, he learned the basics of HTML and CSS without thinking much of it. Years later, at university, something clicked when a friend who was already deep in software development rekindled his curiosity. What started as a casual interest quickly became a serious pursuit, and Abubakre found himself drawn into the world of web development. “It is interesting thinking about it now,” he says.…
Microsoft has introduced a change to the Windows 11 out-of-box setup experience that lets users skip the update installation step during initial PC setup. The option is now generally available after months of testing with select groups, according to Aria, a Microsoft engineer working on Windows Update.Previously, Windows 11 setup forced users to wait through an update process that could take up to 30 minutes, depending on the number of pending updates, resulting in total setup times of up to 40 minutes.How the Windows 11 “Update Later” Button Works and What It Means for Future UpdatesA new “update later” button…