Author: Elan

American-born entrepreneur Daniel Yu’s most recent venture is the Africa Jobs Fund, which seeks to invest in companies that can create jobs at scale for Africans and raise incomes. It focuses on two areas: international labour mobility and export manufacturing.He previously founded Wasoko, a multimillion-dollar company that connects informal retailers in East Africa with suppliers of consumer goods. After raising $145 million and merging Wasoko with Egypt-based MaxAB in 2024, he stepped away from day-to-day involvement in the business last year.Yu spoke to Africa Private Equity News editor-in-chief Jaco Maritz about the business opportunities in helping Africans find work abroad…

Maun — Every government is entrusted with many responsibilities, but none is more fundamental than protecting the lives, dignity and aspirations of its people. Supporting the law enforcement agencies is therefore not merely an operational responsibility but it is an investment in public confidence, national stability and the future of the country. The minister for State President, Defence and Security, Mr Moeti Mohwasa made the remarks during the official handover of 28 leased vehicles to the Botswana Police on Friday at Maun Keep up with the latest headlines on WhatsApp | LinkedIn Sports Complex noting that the government remained committed…

Somalia has the longest coastline in mainland Africa, but its waters remain underfished.For many people, Somalia is synonymous with war and political instability. However, Jon Bellish, the executive director of Shuraako Capital – a firm that finances Somali companies says the country offers several business opportunities. In a recent interview with How we made it in Africa, he identified solar energy, fishing, and the local manufacturing of imported consumer goods as three promising areas for investment.According to Bellish, solar energy is one of the region’s biggest investment opportunities. “Somalis pay more for electricity than anybody in the world,” he says.…

Over 3,000 pupils in Lilongwe will drink safe water and sit on desks–some for the first time in nearly 30 years–thanks to the African Trade and Investment Development Insurance (ATIDI) which has donated the items valued at more than K43 million. The beneficiary schools include Chiulongo, Chiseka, Kayabwa, Khombe, Mwenda and Chipoka. Speaking after a two-day tour and handover of the items to the Lilongwe rural East schools, ATIDI Principal Human Resources Officer Tendai Kufa said the project is helping improve access to safe drinking water and providing a conducive environment for learners, particularly those preparing for national examinations. “Reliable…

In brief SparkKitty scanned users’ photo libraries for crypto wallet seed phrases and other sensitive information. The malware was distributed through malicious apps on Apple’s App Store, Google Play, and third-party app stores. Researchers warn that storing wallet recovery phrases as screenshots can expose crypto assets to theft. A new report from cybersecurity firm Check Point details how the SparkKitty malware campaign targeted cryptocurrency users by scanning photos stored on infected Android and iPhone devices for wallet recovery phrases and other sensitive information.First discovered by Kaspersky in June 2025, Check Point’s analysis detailed how the malware spread through Apple’s App…

For a certain kind of African musician, artificial intelligence (AI) remains the enemy, the technology that steals jobs, flattens creativity, and turns songwriting into a mere prompt. Jude Lemfani Abaga, popularly known as MI Abaga, is not one of them. Speaking at a Lagos business panel earlier this month, the rapper-turned-tech-entrepreneur made a compelling case that clinging to AI anxiety is the real threat to a modern creative career. Abaga spoke at the fourth edition of United Bank for Africa’s quarterly SME Business Series, held at UBA House on Marina on Thursday, 16 July. Themed “Building for Africa’s Realities: Turning…

Here’s the loop I got tired of: record a clip on my phone, try to send it, watch the messaging app either refuse the file outright or crush it into a smeared 480p mess on its own terms. Or take the other route: open a video editor, reduce the video file size by lowering its bitrate or resolution, find the export in my gallery, share that, then remember to delete it later. Which I never do, so my storage fills with files named VID_20260714_compress_final_2.mp4. FFShare sits in the middle of that loop and removes it. It’s a 54MB open-source app…

complicated neighbours The African Development Bank is quietly looking for a new host after Niger’s military rulers fell out with neighbouring states and two of the institution’s biggest shareholders. By Alix Lavoué Sidi Ould Tah, president of the African Development Bank Group in Johannesburg on 21 November 2025. © Jemal Countess/Getty Images for Global Citizen/AFP Published on July 27, 2026 at 17:00 pm (GMT +1) Last year in Abidjan, everything went smoothly. The closing ceremony of the African Development Bank’s 2024 Annual Meetings featured a formal handover. Nialé Kaba, then Côte d’Ivoire’s minister of economy, planning and development and chair…

African startup funding dipped by 6% year on year to $1.4 billion in the first six months of 2026, after the number of early-stage companies securing venture capital investment fell, data from Africa The Big Deal shows. The largest agreement for the year so far happened in June, when four-year-old electric motorcycle maker Spiro raised $270 million. That helped raise the total for the half year, but the number of startups raising $100,000 or more fell to its lowest level since 2021, the data showed. African tech fundraising remains way behind the peak days of 2022, as Silicon Valley investors…

Does AGOA’s third country rule damage African textile production? – African Business Does AGOA’s third country rule damage African textile production? – African Business