Author: Elan

Will the AfDB annual meetings herald a new era for the bank? – African Business Will the AfDB annual meetings herald a new era for the bank? – African Business

Make CryptoSlate preferred on Ethereum’s market sentiment has deteriorated significantly as the blockchain network’s native ETH token moves through a medium-term bear phase.Data from blockchain analytics platform Santiment shows that while ETH-related discussions increased in frequency throughout May, the tone of that commentary has shifted toward frustration, disappointment, and concern about deeper downside potential.Ethereum Market Sentiment (Source: Santiment)Analysts at the firm noted that this shift in sentiment reflects a combination of market pressures building simultaneously, including weak spot price action, persistent exchange-traded fund (ETF) outflows, high-profile departures from the Ethereum Foundation, public criticism from longtime ecosystem supporters, and stronger price…

Android 17, codenamed Cinnamon Bun, has reached platform stability. Google Pixel devices are getting it first, with a stable release expected this summer. Samsung’s One UI 9 beta is already live for the Galaxy S26 series, and Motorola, OnePlus, Xiaomi, OPPO, Vivo, and Honor are all running early Android 17 builds on at least one flagship device. Only Google, Samsung, Motorola, OnePlus, OPPO, Xiaomi, and Honor have officially confirmed devices so far. This article breaks down what each brand has confirmed, what is expected, and which phones will not get the update. What is Android 17, and when is it…

A self-taught tech enthusiast who goes by the name “Louis” claims he found a vulnerability in the Trump Mobile website that let him extract customer data using simple HTTP POST requests. He says the flaw exposed information for more than 27,000 customers who had placed orders. The issue appears to have been fixed, although Trump Mobile has not publicly confirmed the vulnerability or responded to media inquiries. The Register reported on the claim. Louis described himself as “just a nerd between jobs with too much time on my hands” and declined to be called a security researcher. What Data Was…

Hotels across the world are investing billions in digital infrastructure, and African operators are leading the way. African hotel chains lead global artificial intelligence (AI) adoption at 57% integration, far surpassing the 35% worldwide average (Source: Hotel.Report). Tech experimentation is over. Forward-thinking operators are now prioritizing procurement that delivers immediate return on investment. That shift is showing up in how hotels are buying. Smart energy management systems can significantly reduce energy consumption and HVAC waste – especially important given energy accounts for around 25% of operational costs (Source: Hospitality Asset Management Company South African Hoteliers Report). Advanced property management systems…

Iyin Aboyeji, founding partner of Future Africa** For the best experience, download the free Africa Private Equity News app Android | iOS **A MESSAGE FROM OUR SUPPORTERSSAVCA: Don’t miss the Investment Masterclass SeriesThe Investment Masterclass Series equips investment professionals with the practical tools and analytical confidence needed to evaluate opportunities, challenge assumptions, and make sound investment decisions. Read moreHere are summaries of the five most widely read stories the past week on Africa Private Equity News.1. Africa Finance Corporation commits $100m to technology fund managersAfrica Finance Corporation (AFC) has approved a commitment of up to $100 million to invest in…

The Africa Finance Corporation — which mainly deploys capital for infrastructure projects — will invest $100 million in venture capital firms that back technology companies on the continent. African startups raised about $3.2 billion in 2025, a 40% increase from the year before. But while overseas investors drove a wave of multimillion-dollar funding rounds in the continent’s tech scene over the last decade, a pullback in recent years following interest rate rises in the US has prompted calls for increased African investment. — Alexander Onukwue

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Binance CEO Richard Teng has pushed back against a new Wall Street Journal investigation claiming the exchange processed $850 million in transactions tied to a sanctioned Iranian financier, which eventually flowed to Iran’s Islamic Revolutionary Guard Corps.In a Friday post on X, Teng called the reporting “fundamentally inaccurate,” saying that Binance never permitted transactions with sanctioned individuals and that any flagged activity occurred before those individuals were placed under US sanctions. He also claimed Binance had investigated the issues before the Journal contacted the company, and that facts it provided were not included in the story.The Journal’s report, published on…

Nigerians have embraced cryptocurrency enthusiastically, pushing the country to rank 2nd twice and 6th globally in the last three years in Chainalysis’ Geography of Cryptocurrency report global adoption index. The country records billions in annual transaction volumes; yet, converting crypto holdings into everyday naira spending remains a major pain point. Traditional peer-to-peer (P2P) platforms often involve lengthy waits for bank transfers, counterparty risks, scams, price slippage, and high fees. Users frequently encounter unreliable escrow, fluctuating rates, and the hassle of finding trustworthy buyers amid regulatory scrutiny. Local startups have stepped in to fix this. They built platforms that connect crypto wallets straight…