Author: Elan
Dangote and Ruto break ground on $16bn Kenyan refinery – African Business Dangote and Ruto break ground on $16bn Kenyan refinery – African Business
British multinational bank Standard Chartered expects Ethena’s USDe stablecoin supply to grow eightfold to $40 billion by the end of 2028 as the protocol expands its sources of yield beyond crypto markets.In a Wednesday research report shared with Cointelegraph, the bank initiated coverage of Ethena’s ENA token with a year-end 2028 price target of $2, roughly seven times the $0.28 price cited in the report. Standard Chartered also expects USDe to slightly outpace overall stablecoin market growth over the period.Its forecasts imply ENA would also outperform Bitcoin (BTC) and Ether (ETH) through 2028. Standard Chartered sees BTC reaching $300,000 and ETH…
Rising Tide Africa, a women-led pan-African angel investment network, has committed up to ₦1.4 billion ($1 million) to Ororo Waste Management Limited, a Lagos-based used cooking oil (UCO) waste management company, to expand its collection infrastructure and working capital. Ororo Waste, Lagos State’s partner for institutional-scale UCO collection and export, received the first allocation on September 16, with additional funding potentially available through December 16. The new capital will finance the purchase of used cooking oil from its collector network and cover hub operating costs. The investment comes as Ororo Waste attempts to scale a business around Nigeria’s used cooking…
Group chats are fun, but they can also be overwhelming. The bigger the conversation, the more quickly things can get out of hand. The natural response to a rowdy group chat is to snooze it, or flip on Do Not Disturb for your entire phone. But this solution introduces a problem of its own — how long will it take you to catch up on everything you missed? Luckily, there’s a hidden feature in Google Messages that could be the best of both worlds. Bubbles are starting to become well known because of the role they play in Android 17.…
African entrepreneurs collaborating in Lagos, Nigeria. Photo: Ninthgrid/Pexels. African technology startups can apply to Madica for an investment of up to $200,000 and 18 months of company-building support. Applications are accepted throughout the year, but founders need more than an idea: Madica looks for an operating business with a minimum viable product, evidence of market demand and a team capable of working on the company full-time. The programme has returned to attention after announcing investments in five startups from Algeria, Cameroon, Nigeria and Egypt. The additions include HR software, digital payments, semiconductor design and two circular-economy businesses. For founders, however,…
By PwCSouth Africa’s economy continues to grow, but the pace remains modest relative to the country’s investment, employment, and development needs. As some long-standing constraints begin to ease, new challenges are emerging, reshaping where growth gets stuck and how economic potential is converted into real business activity.As the first in a five-part series, this edition of the outlook combines economic indicators, industry analysis, and PwC insights to explore the structural shifts influencing business decisions and economic outcomes across South Africa.Key insights from the outlookThe bottleneck is moving: As electricity reliability improves, growth is increasingly being constrained by areas such as…
Raj Kamal, founder and CEO of TransFiBy Bonface Orucho (Bird Story Agency)Africa is building faster ways to move money across borders.However, faster payment rails are exposing the question whether banks and payment providers have enough of the right currencies, at the right price, to settle those payments. In February, the Pan-African Payment and Settlement System (PAPSS) and Kenya’s PesaLink said more than 80 PesaLink participants were connected to more than 160 banks on the PAPSS network, allowing 24/7 cross-border payments in local currencies.Mobile money has already made digital payments part of everyday life for millions of Africans. The GSMA says…
When Web3Bridge, Africa’s premier blockchain academy, earlier today announced a shutdown of its flagship programme, it sent a ripple through the entire continent’s technology ecosystem. For seven years, if you wanted to build in Africa’s blockchain space, all roads led to a single compound in Lagos. The organisation operated as a relentless talent factory, taking in curious novices and churning out engineers equipped to handle complex smart contracts. Now, that assembly line has abruptly halted. The announcement of the Web3Bridge closure is not merely the end of a beloved educational initiative. It is a stark referendum on the current state…
MTN Group and Airtel Africa form the two leading telecoms companies in Sub-Saharan Africa with a combined subscriber base of over 506 million users. While MTN spreads across 16 markets, Airtel spreads its operations across 14 markets; all in Sub-Saharan Africa. On the continent, telcos’ scalability and growth depend largely on their ability to offer affordable, high-quality mobile data plans, especially in markets where both are present, such as Nigeria, Zambia, Uganda, Rwanda, and the Republic of Congo. However, operators offer different mobile data plans based on market peculiarities. Spotlighting the differences between MTN and Airtel prices, we highlight in…
If you’ve ever browsed a torrent website (it’s OK to just look, right?) you’ve surely seen movies listed with a retail UHD Blu-ray as the source. Logically, the only way this could happen is if someone used a computer Blu-ray drive to make a digital copy of the original. Similarly, people who use services like Jellyfin and Plex to digitize their disc collection and then self-host that content in their homes need the hardware to do it. The thing is, getting the right tools is getting harder, which means it could become effectively impossible to get the drives needed to…