Author: Elan
By PwCNorfund has completed a R160 million (about $10 million) investment in Nafasi Water Technologies, alongside E Squared Investments, to strengthen water security across South Africa and accelerate growth in critical water infrastructure and reuse solutions – reinforcing the role of innovative solutions in addressing regional water scarcity.PwC provided financial and tax due diligence on this important transaction, supporting a partnership that highlights the value of public‑private collaboration in driving environmental resilience, sustainable economic development, and skilled job creation. Congratulations to Norfund, E Squared Investments, Nafasi Water Technologies, and all parties involved in advancing solutions that strengthen water resilience across…
In 2024, private equity firm Verod Capital invested in i-Fitness, a Nigerian gym chain founded in 2015 by the entrepreneur Foluso Ogunwale. Verod co-founder Danladi Verheijen describes the business as one of his favourite investments. Despite operating only around 30 outlets, i-Fitness is already seven times the size of its nearest competitor in West Africa – and Verheijen sees significant room for growth. “Our membership base is basically 1% of 1% of the population of Nigeria. It’s literally nothing. We’re still just scratching the surface,” Verheijen says. “I think [in] the UK, maybe 16 to 18% of the population goes…
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Make CryptoSlate preferred on The XRP Ledger (XRPL) is seeing a drastic rise in fraud attempts targeting its users as the network draws more institutional activity, higher transaction volumes, and renewed attention from XRP traders.On May 14, David Schwartz, the former chief technology officer at Ripple, published a public warning regarding the increasing scam efforts targeting the XRPL ecosystem.Schwartz, a highly visible figure within the community, cautioned users that malicious actors are increasingly deploying fake airdrops and impersonation accounts to drain user funds.The XRP Ledger Foundation issued a similar warning, saying that scams targeting the XRP community had increased sharply.…
In Africa, the founder who doesn’t care about growth and expansion is the real unicorn — rare and almost impossible to find. Operations across multiple countries, growing headcount, and an expanded product suite are bragging rights most founders aim for. But in many cases, the growth that founders desire also carries within it the seeds of a startup’s challenges, according to Olaoluwa Eweje, Chief Information Security Officer at Kora. When conversations about growth and expansion are had, the focus is frequently on the opportunities they present: an ability to hedge performance and revenue, protect against macroeconomic shocks, capture a larger…
Microsoft has announced a new feature called Cloud-Initiated Driver Recovery, which automatically rolls back problematic drivers delivered through Windows Update to a known-good version without needing user or hardware partner intervention. The feature is set to be released in September 2026 after several months of testing.This mechanism aims to fill a gap in the current driver recovery process. When a driver distributed via Windows Update is found to have quality issues, fixing the problem currently relies on hardware partners submitting an updated driver or users manually uninstalling the problematic one. This can leave devices running on low-quality drivers for an…
Maputo, Mozambique** For the best experience, download the free Africa Private Equity News app Android | iOS **FSD Africa, a Nairobi-based specialist development agency, has awarded a £100,000 catalytic grant to support Miarakap and the MITSIRY Biodiversity and Climate Fund (MBCF).Miarakap is a Madagascar-based impact investment platform that manages MBCF. The fund is a blended finance vehicle focused on financing climate- and biodiversity-aligned small and growing businesses in Madagascar, Comoros and Mozambique.FSD Africa said the grant will support MBCF to establish an investment platform and develop a pipeline in Mozambique. It will cover recruitment of a locally based investment manager,…
Minister in the Presidency for Women, Youth and Persons with Disabilities Sindisiwe Chikunga has been appointed acting minister pending a full-time appointment, says the President. President Cyril Ramaphosa has dismissed Social Development Minister Sisisi Tolashe. In a statement on Thursday afternoon, 14 May, Ramaphosa’s office said he had removed Tolashe from her position in terms of section 91(2) of the Constitution. “In the interim, President Ramaphosa has appointed Minister in the Presidency for Women, Youth and Persons with Disabilities Sindisiwe Chikunga as the acting minister in the portfolio pending a full-time appointment in due course,” the statement read. This comes…
African startups raised $110 million in April 2026, down 27.1% from March and the lowest monthly total since March 2025. Startups across the continent secured $708 million through 124 deals during the first four months of 2026, compared with $813 million across 180 deals a year earlier. Investors continued to favor lower-risk and more profitable business models amid high global interest rates. African startups raised $110 million in April 2026, representing a 27.1% decline from March’s $151 million, according to data compiled by Africa: The Big Deal, which tracks transactions above $100,000. The figure marked the lowest monthly fundraising total since March 2025, when startups…
Dar es Salaam — In a landmark move that places Tanzanian heritage on the global sporting stage, Safari Lager has officially announced its sponsorship of the 2026 FIFA World Cup, becoming the first beer brand from the nation to secure a partnership with the world’s most prestigious football tournament. This historic achievement marks the culmination of a forty-year journey for the brand, which has long been a pillar of the local football community through initiatives such as the Safari Cup and its title sponsorship of the Premier League. To celebrate this milestone, Safari Lager is launching a nationwide campaign titled…