Author: Elan
Leonard and Emily Mcharo Kenyan entrepreneurs Leonard and Emily Mcharo spent years living far below their means. There were no holidays, no weekend road trips, and no bikes for their children. While their peers were upgrading their lifestyles, the Mcharos’ home remained devoid of luxuries. Their frugal lifestyle wasn’t born of necessity, but of intent. The couple had set themselves a clear goal: to achieve financial independence – a point where their basic living expenses could be covered entirely by passive income. Their target figure was 500,000 Kenyan shillings (around US$3,850 back in 2004) per month. That discipline, Leonard says,…
Unlocking dormant capital to serve SMEs – African Business Unlocking dormant capital to serve SMEs – African Business
Key takeaways:Bitcoin rose above $90,000, yet options data show traders are not comfortable with downside risk exposure.Bitcoin spot ETF outflows and low leverage demand suggest investors remain cautious about near-term gains.Economic uncertainty caps Bitcoin price reboundBitcoin (BTC) jumped above $90,000 on Saturday, prompting traders to question whether there is enough momentum to reclaim the $95,000 level for the first time in seven weeks. Even as the S&P 500 traded just 1.3% below its all-time high, investors grew concerned about worsening economic conditions, especially after electric-vehicle automaker Tesla (TSLA US) reported disappointing sales. Nasdaq index futures (left) vs. Bitcoin/USD (right). Source:…
At 30, Freeman Faithful, a Ghanaian serial tech entrepreneur, has lived multiple lives. Faithful has been a student, a tech gadget connoisseur, a student (again), a founder, a tech consulting maven, a student (again), a cybersecurity engineer, a founder (again), a builder, and overall, somebody who’s always eager to find the next thing once he’s thrived in a place. During one of the slow peaks of December, we had a hearty conversation about his life, travels, and the series of businesses that have taken him across Ghana and, eventually, into the UK. “I’ve always been intrigued by travelling,” he told…
The keyboard is something that I have to use on almost every app, so it matters a lot. Even the smallest inconveniences can become frustrating, and the slightest improvements can make a big difference. Like most people, I didn’t realize this until I tried SwiftKey. After years of using Gboard and experimenting with a few other alternatives along the way, I finally settled on SwiftKey. Having used it for a month now, it’s the closest thing I’ve found to a perfect keyboard app. It has everything I need, from custom keyboard layouts and themes to clipboard sync and AI integration…
By PwCThe past five years have reshaped global capital markets through pandemic shocks, monetary tightening, and rapid digital innovation. For Africa, this evolving landscape presents unprecedented challenges, and remarkable opportunities. Africa, once viewed as a frontier market, is now emerging as a key beneficiary of global capital flows. The rise of private equity, growing ESG integration, and fintech-driven digital finance are unlocking new avenues for investment, infrastructure development, and entrepreneurship across the continent. We explore key global trends with significant implications. Private markets growth: With public markets slowing, private equity and venture capital have surged, favouring sectors like infrastructure, fintech,…
eWeek content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More The AI funding boom just rewrote the record books. In 2025, startups raised roughly $150 billion, setting a new high for venture capital investment. Data released on Dec. 28 confirms this marks the third consecutive year of record growth, surpassing the 2021 peak by $92 billion and representing a 63% increase over an already historic market. But the most striking shift isn’t just the headline number. AI companies now account for nearly 50% of all global startup funding,…
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e-Hailing drivers operating on the inDrive platform have accused the company of charging them twice for Value Added Tax (VAT). According to the drivers who shared their trip narration with Technext, on January 1, they discovered that the company included a 7.5 per cent VAT as part of the deductibles on a trip. Then another 7.5 per cent VAT on their commission was deducted, a situation which amounted to double taxation. According to the drivers, “Immediately we entered into the new year, on the first trip I took, I was wondering why I was paying so much as commission to…