Author: Elan
The new centre of market resilience – African Business The new centre of market resilience – African Business
Bitcoin (BTC) eyed $79,000 into Sunday’s weekly close as crypto markets continued to be guided by the US-Iran war.Key points:Bitcoin circles a key weekly level into the weekly close, with the highest close in several months on the table.Analysis sees the mid-$80,000 zone and higher coming back into play.Liquidity grabs form the basis for caution among some traders.BTC price nears highest weekly close in over three monthsData from TradingView showed BTC/USD attempting to hold higher after cancelling out losses from earlier in the week.Finishing the week above $78,670 would deliver the pair’s highest weekly close since late January.BTC/USD one-week chart.…
OPay is heading to Wall Street. The Nigerian fintech giant backed by SoftBank has hired Citigroup, Deutsche Bank, and JPMorgan Chase to lead a US IPO that could happen before the end of 2026, targeting a $4 billion valuation, double what the company was worth in 2021. It is a big moment for Nigerian tech. But for the 50 million people who use the fintech app to send money, pay bills, and save, the more pressing question is a simpler one: what changes for me? Let us start with how it got here, because the origin story matters. The company…
Desktop environments can make or break your overall Linux experience, irrespective of the variant you’re going to use. Personal preferences matter, and this is the very same conundrum I ran into when I decided to stick to Arch Linux. With so many options available, keeping track of it all can be quite a mess. I tried out a total of three desktop environments — GNOME, COSMIC and KDE Plasma, and after extensively playing around with all three, I think that I finally have a winner, even if it also has its own share of quirks. Related I replaced GNOME with…
Africa’s hospitality industry is experiencing rapid expansion, with 577 hotels and resorts currently in development, totaling 104,444 rooms, representing a 13.3% year-on-year increase (W Hospitality Group, 2025). The strongest growth is concentrated in North Africa, led by Egypt (33,926 rooms) and Morocco (8,579 rooms), while key Sub-Saharan markets include Nigeria (7,320 rooms), Ethiopia (5,648 rooms), Kenya (4,344 rooms), and South Africa (4,076 rooms). “As advisors to hotel investors in high-pipeline markets like Egypt and Nigeria, HTI Consulting’s Wayne Troughton notes that sourcing the right suppliers and finding cost-effective FF&E and MEP solutions is crucial to the viability of new developments.…
Ethiopia-based electric mobility company Dodai has closed a $13 million Series A financing round.** For the best experience, download the free Africa Private Equity News app Android | iOS **A MESSAGE FROM OUR SUPPORTERSSouth Africa: PwC Deals team advises Woolworths in acquiring in2food HoldingsThe PwC Deals team has successfully supported Woolworths Holdings Limited in its acquisition of in2food Holdings – a strategic supplier to Woolworths Foods for over 30 years – from the founders, Old Mutual Private Equity, and other existing shareholders. Read moreHere are summaries of the five most widely read stories the past week on Africa Private Equity…
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The Rivers state council of the Amalgamated Union of App-based Transporters of Nigeria (AUATON) has described the suspension of the factional chairman of the council, Comrade Lawrencia Ogu, as constitutional and not a witchhunt. This was disclosed to Technext by the chairman of the council, Comrade Amos Omoruyi. Lawrencia Ogu, a former secretary of the council, declared herself the Acting Chairman, while accusing the executive officers, including the Chairman, Amos Omoruyi, of financial misappropriation. This essentially factionalised the state council, one of the offences that led to her suspension by the union’s National Executive Council (NEC). See also: AUATON is…
Nigeria’s broadband penetration reached 50.58% in November 2025, crossing the 50% mark after ending 2024 at 44.43%. Broadband subscriptions rose to 109.7 million in November 2025, up from 96.3 million in December 2024. Internet data usage hit 1.24 million terabytes in November 2025, showing stronger demand for online services despite recent subscriber disruptions. Nigeria is still behind its 70% broadband penetration target, making affordability, rural access, and service quality key issues for 2026. Nigeria’s broadband penetration crossed 50% in November 2025, offering a stronger signal of recovery for the country’s telecoms market after a difficult 2024. According to the Nigerian…
What streaming platform do you think of when you hear the term “comfort shows?” There are plenty of great comfort shows over on Netflix, or maybe available with an HBO Max subscription. But for me, I always think of Peacock. With a Peacock subscription, there are so many options for classic comfort shows that will no doubt make your day—and provide you with that comfy need that we all so desperately crave. Here are seven that you must check out. The Office A classic comedy Credit: NBC I mean, you knew it was going to be on here, don’t lie. The…