Author: Elan

Yellow Card, the stablecoin infrastructure provider operating across Africa and other emerging markets, has secured a regulatory anti-money laundering (AML) affiliation in Switzerland, allowing it to offer regulated virtual asset-related services through a supervised Swiss entity. The approval enables institutional and corporate clients to access Yellow Card’s stablecoin infrastructure through its Swiss subsidiary, providing a regulated entry point for businesses and financial institutions looking to move capital into emerging markets using stablecoins. The regulatory approval comes seven months after Yellow Card discontinued its retail trading business to focus on its business-to-business infrastructure operations.  The company noted at the time that…

In February, Beltone Holding, an Egypt-headquartered financial services group with operations in investment banking and asset management, spent $227.13 million (€197.6 million) to acquire Baobab Group. Three months later, the lender generated more revenue than all of Beltone’s other businesses combined. Baobab contributed 53% of Beltone’s EGP6.8 billion ($136.68 million) operating revenue in the first quarter of 2026, making it the group’s single largest business line, according to the company’s financial results.  Its gross lending portfolio grew by 236% year-on-year to EGP101.1 billion ($2.03 billion) in the first quarter. Baobab alone contributed EGP60.9 billion ($1.22 billion), meaning roughly six out…

The Dota 2 TI 2026 Europe Qualifier takes place from June 21 to June 28, featuring 16 teams competing for four spots at The International 2026. This year, Valve introduced a single European qualifier that combines Eastern and Western Europe into one regional event. The four qualification spots are the most allocated among any regional TI15 qualifier. The tournament is structured as a double-elimination bracket, with all series played as best-of-three matches, including the decisive qualifying games. Schedule and Format For The TI 2026 Europe Qualifier Times listed in Central European Summer Time. On June 21, the upper bracket round…

Acquiring electrical maintenance tenders is a surefire way of achieving sustained business growth as a contractor in South Africa. Platforms such as Online Tenders make it easy to find these tenders by having them in one place. Knowing what clients look for in these submissions helps you stand out from other bidders. Let us look at how you can prepare a strong proposal for these projects. Electrical technician performing maintenance on industrial equipment. Gathering Your Qualifications First Organize your certifications before you look for open bids. Clients who publish electrical maintenance tenders always require proof of professional registration and licensing.…

** For the best experience, download the free Africa Private Equity News app Android | iOS **Adenia Partners has announced the closing of its investment in Egypt’s Parkville Pharmaceuticals, a company active in the pharmaceutical, cosmeceutical, and nutraceutical sectors. This is Adenia’s first majority investment in Egypt. Adenia acquired Admaius Capital Partners’ stake in the business.“Parkville has built an exceptional reputation as one of Egypt’s largest and fastest-growing cosmeceutical companies, known for its high-quality, affordable health and personal care products and its commitment to innovation and community wellbeing,” Adenia said in a statement.“We are excited to work with Parkville’s founders,…

Angel investors are intensifying efforts to connect Nigerian startups with global capital and markets as declining venture funding raises concerns over the ability of the country’s innovation ecosystem to scale beyond domestic boundaries. Stakeholders at the World Business Angels Investment Forum (WBAF) Investors Week in Lagos said cross-border investment networks, alternative financing structures, and partnerships among investors, governments, and entrepreneurs are becoming critical to sustaining startup growth and expanding financial inclusion. The discussions come as startup financing in Nigeria fell 17 percent to $343 million in 2025, according to BusinessDay analysis. The figure represents the lowest level since 2019 and…

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In brief Google DeepMind researchers say disputes over AI consciousness could become a source of political and social conflict. The paper argues society may never reach consensus on whether advanced AI is conscious, even as the technology improves. Researchers propose public deliberation, compromise, and engagement as ways to manage the disagreement. As AI becomes increasingly embedded in daily life, a new paper from Google DeepMind argues that one of the technology’s most difficult challenges may be political rather than technical.In the study, “Artificial Minds, Human Disagreement: The Political Challenge of AI Consciousness,” researchers Adam Bales and Iason Gabriel examine how…

Gift cards have moved from being a retail voucher to an integral part of a burgeoning digital resale economy in Nigeria. While the $1.49 trillion industry is projected to expand at a steady 5.1% compound annual growth rate (CAGR) to $2.2 trillion by 2034, Nigeria is moving at double that speed.  According to research data, the nation’s domestic market is currently valued at $2.56 billion and is compounding at an aggressive 10.9% CAGR, on track to hit $3.88 billion by 2030. Driven by rapid digital payment adoption and thousands of weekly traders, the humble retail voucher has evolved into a…

It feels like professional video editing software has been built to keep charging you money while you use it. It is hard to avoid subscriptions, paywalls, and the like. If you want free software, you’re just going to have to deal with a product that is bad or just not up to the standard of professional tools. DaVinci Resolve is one of the few exceptions. Related I ditched VLC and finally got high-quality HDR playback without any lag HDR finally works — no thanks to VLC. DaVinci Resolve isn’t lying when it claims to be professional quality It really is…