Author: Elan

Luanda — Members of the National Assembly rejected, on Thursday (25), a request for an urgent debate regarding the rise in the price of the barrel of oil on the international market, as well as the alleged fuel shortage at service stations across the country. Proposed by UNITA, the motion received 63 votes in favor, 78 against, and 2 abstentions. The National Assembly is holding the 2nd Extraordinary Plenary Meeting of the 4th Legislative Session on Thursday and Friday (25 and 25 respectively), with an agenda dominated by the review and voting on bills related to taxation, the financial system,…

Africa’s next phase of economic transformation will depend less on the availability of capital and more on how effectively that capital is deployed, according to Marsha Wulff, co-founder of Lofty Inc. Capital Management.Delivering the keynote address at the 2026 Ghana Venture Capital and Private Equity Association (GVCA) Annual Industry Conference in Accra, she said investors must move beyond traditional risk frameworks and embrace a more entrepreneurial approach to financing innovation.“The job of an investor is to anticipate the future. If you live long enough, you begin to understand cycles,” she said.The conference convened more than 450 participants, including investors, policymakers,…

The Ethiopian Capital Market Authority (ECMA) has approved the registration of 9.66 million existing shares held by shareholders of Abay Bank, marking another step in the development of Ethiopia’s nascent capital market. Abay Bank said ECMA had approved the registration statement covering 9,657,286 existing shares owned by the bank’s shareholders. The approval became effective on May 11, 2026, and was disclosed through a public notice issued by the regulator. The bank said it had subsequently published a prospectus and related disclosure documents on its official website, in line with regulatory requirements. The registration allows the shares to be formally recognized…

The bustling world of African over-the-counter (OTC) and peer-to-peer (P2P) cryptocurrency trading moves at a dizzying pace. It is a world fuelled by relentless momentum, where billions of dollars in hidden capital change hands daily through fragmented WhatsApp groups, chaotic screenshots, and a frantic mix of pidgin, local slang, and shifting currencies. For years, this informal market thrived in the shadows, far removed from the sterile, rigid accounting software built for traditional enterprise. But as global regulatory tightening collides with local tax reforms, a critical friction point has emerged. The ecosystem faces a stark ultimatum: evolve or risk extinction. Enters…

In the taxonomy of internet infrastructure; cloud, payments, identity, communications, there has never been a dedicated layer for human participation. A Nigerian startup believes that gap is not only real but represents one of the largest untapped infrastructure opportunities on the internet. SABI, founded by social media strategist Olusehinde Elijah Kolawole, has launched what it describes as the world’s first Social Infrastructure: a coordinated network of over 300,000 Nigerian users capable of performing authentic digital actions across every major platform, on demand, at scale. The product thesis is straightforward, but its framing is ambitious. Kolawole argues that the internet has…

The Nothing Ear 3 has dropped to $128.25, down from its $179 RRP. That is a 25% discount relative to the recommended retail price, and it is also the best deal we have ever tracked, beating the previous $148.99 low. That price cut makes this Prime Day 2026 offer stand out even more because the Nothing Ear 3 packs a feature set aimed at people who care about both sound and calls. Its most interesting trick is the Super Mic built into the charging case, which is designed to improve call and voice note quality in noisy environments. The earbuds…

Isolation politics Bassirou Diomaye Faye came to power as Ousmane Sonko’s stand-in. Now, after sacking his former mentor, he faces a bitter fight with the party that put him in office. By The Africa Report Bassirou Diomaye Faye, President of Senegal, on 30 May 2026. © Office of the President of the Republic of Senegal Published on June 24, 2026 at 18:19 pm (GMT +1) Among the many barbs Ousmane Sonko has aimed at the head of state, this was one of the first. On 10 July 2025, chairing a meeting of his party, the then prime minister took direct…

Listen to this article Tokyo is redefining its engagement with Africa, transitioning from traditional aid-based approaches to strategic venture capital (VC) investments focused on long-term partnerships, innovation and capacity building. Several Japanese private companies are making Japan’s presence felt in Africa’s VC landscape, particularly in high-growth sectors such as fintech, climate tech and mobility. Growing demand for innovative, technology-driven solutions in Africa has drawn increasing interest from international investors. VC funding in Africa rose from over US$2 billion in 2019 to a peak of US$5.2 billion in 2022. Though investment declined to around US$3.6 billion in 2023, the continent’s start-up…

Danladi Verheijen, co-founder of private equity firm Verod Capital Management, is bullish on the education sector in West Africa. Last year, Verod sold its stake in TAG West Africa, which operates Lancaster University Ghana. The institution offers students a UK degree at a fraction of the cost. “There’s lots of demand for education,” Verheijen says. “Families will do anything to ensure that their children get a high-quality education. They’ll make all the sacrifices that are necessary to do that.” The trick, he explains, is backing operators who can build strong brands and earn the trust of fee-paying parents. But traditional education…

Team Europe and Ethiopia have a 75 million Sanitation Programme Team Europe and Ethiopia have a 75 million Sanitation Programme