Author: Elan
The Nigerian Senate’s fresh move to amend the Banks and Other Financial Institutions Act to ‘accommodate fintech’ barely five years after President Muhammadu Buhari signed BOFIA 2020 into law raises uncomfortable questions about whether the celebrated legislation of November 2020 was truly as comprehensive as its architects claimed. Senator Adetokunbo Abiru’s assertion that fintech companies now pose systemic risks equal to or greater than traditional banks suggests that the 2020 Act, despite its much-touted provisions on financial technology regulation, failed to anticipate or adequately address the explosive growth of Nigeria’s digital finance ecosystem. Senator Tokunbo Abiru The fintech provisions that…
Explainable AI isn’t just a challenge for data scientists. It’s also a design challenge and a core pillar of trustworthy, effective AI products. Victor Yocco offers practical guidance and design patterns for building explainability into real products.In my last piece, we established a foundational truth: for users to adopt and rely on AI, they must trust it. We talked about trust being a multifaceted construct, built on perceptions of an AI’s Ability, Benevolence, Integrity, and Predictability. But what happens when an AI, in its silent, algorithmic wisdom, makes a decision that leaves a user confused, frustrated, or even hurt? A…
Dr. Dorothy Nyambi, president and CEO of MEDA** For the best experience, download the free Africa Private Equity News app Android | iOS **Five35 Ventures, a pan-African, female-focused, early-stage venture capital fund, has secured an anchor investment from the Mastercard Foundation Africa Growth Fund, managed by MEDA.Five35’s sixteen-company portfolio spans fintech, agriculture, health, logistics, and climate innovation.“From the outset, our goal has been to build an investment firm defined by integrity, rigour, and results,” said Hema Vallabh, founding partner at Five35 Ventures. “We take a measured approach, backing ventures that demonstrate both traction and transparency, and holding ourselves to the…
Across Africa, the conversation around infrastructure is often focused on budgets, failures, and slow delivery. But in a continent where more than 1 billion people rely on municipal systems that are difficult to monitor and even harder to maintain, a deeper question is emerging: how can cities fix what they cannot see? For South African University of KwaZulu-Natal (UKZN) mechanical engineering student Keyuren Maharaj, that question became a turning point. Frustrated by daily service-delivery breakdowns in his own community, from sewage spills to broken streetlights, polluted rivers, leaking pipes, and dangerous roads, he started experimenting with a small digital tool…
Chui Ventures, a Pan-African seed-stage venture capital fund with a gender-inclusive mandate, has announced the final close of its debut Fund I at $17.3 million, marking a major boost for early-stage founders across the continent. The fund aims to bridge critical startup financing gaps across Africa while actively promoting gender diversity within the venture ecosystem. With the final close now secured, Chui Ventures is positioned to accelerate its mission of supporting high-growth founders building scalable, tech-driven solutions for African markets. The fund has attracted commitments from a diverse base of Foundations, Family offices, and over 30 High-Net-Worth individuals, including…
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In brief Postal series fans said the Bullet Paradise trailer showed AI-generated artwork, prompting a swift cancelation. Discord insults and a mocking post on X deepened backlash around the externally developed spinoff. Running With Scissors said it’s shifting focus to other 2026 projects after reviewing the incident. Running With Scissors, publisher of the controversial shooter game franchise Postal, said this week that it had canceled a newly revealed series entry one day after announcing it, responding to backlash after fans said the reveal trailer appeared to use AI-generated artwork.The game, Portal: Bullet Paradise, was a fast-paced first-person shooter spinoff developed…
A few weeks ago, I spent nearly twenty-four hours travelling from Kigali to Casablanca. Two major African cities. One African passport. And yet, the most efficient route required a detour through Europe. This was not an airline glitch. It was a reflection of how far Africa still is from the integrated continent we like to imagine in speeches and strategy documents. It remains easier for an African to move through Paris or Istanbul than through parts of East, West, or Southern Africa. That reality should concern us. It should prompt an honest reckoning with the real barriers to African integration,…
Ryan Haines / Android AuthorityGoogle’s second major quarterly release of Android 16 — known as Android 16 QPR2 — is finally here, bringing plenty of new features to Pixel owners, and eventually other brands as well. According to anecdotal reports from the usual corners of the internet, one unexpected bonus appears to be improved graphics performance for the Pixel 10.Google hasn’t officially mentioned a new GPU driver that Pixel 10 owners have been waiting for, but that doesn’t mean that minor improvements or optimizations aren’t tucked away inside. To find out, I grabbed my Pixel 10 Pro XL running the…