Author: Elan

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

Killing of Islamic State militant helps to repair frayed US-Nigeria ties – African Business Killing of Islamic State militant helps to repair frayed US-Nigeria ties – African Business

Africa Bitcoin Corporation (ABC), the South Africa-based Bitcoin treasury and SME financing firm, has applied to transfer its listing from South Africa’s Alternative Exchange (AltX), a board for smaller companies, to the Johannesburg Stock Exchange’s (JSE) Main Board.The transfer will move all of the company’s share classes, including its ordinary shares and preferred A, B, and C shares, to the JSE Main Board under the exchange’s General Segment classification, the company said in a statement on Monday. The JSE has approved the move set to take effect on Friday, May 22.

The federal government has launched GovGuideNigeria, an AI-powered platform that allows Nigerians to access information from over 35 federal ministries and more than 60 government agencies via WhatsApp and the web. Minister of Communications, Innovation and Digital Economy, Bosun Tijani, announced the launch today, describing it as a step toward making government information simpler, faster, and more inclusive for every Nigerian. This includes those in underserved and low-literacy communities who have historically struggled to navigate public service information. The platform responds to a problem that is easy to overlook but quietly frustrating for millions of Nigerians: getting basic information from…

Meet sibling-index() and sibling-count(). Staggered cascade effect in one line of CSS without :nth-child() rules or JS workarounds. Works for 5 items or 5,000.You know that thing where you have a grid of cards, and you want them to fade in one after another? That staggered cascade effect. Looks great. Should be simple. And yet every time I’ve built it, the implementation has made me feel like I’m doing something fundamentally stupid.See the Pen [Dynamic Staggered Animations with CSS sibling-index() [forked]](https://codepen.io/smashingmag/pen/zxowBog) by Durgesh.See the Pen Dynamic Staggered Animations with CSS sibling-index() [forked] by Durgesh.Because the options were always the same.…

Africa’s newest executive leadership programme is making an unusually direct argument: the continent’s development ambitions will not be realised through leadership models designed outside Africa’s realities. That is the premise behind the Transformative African Leadership (TAL) programme. This new pan-African initiative is delivered through a partnership between the Nelson Mandela School of Public Governance, Mohammed VI Polytechnic University, Université Cheikh Anta Diop de Dakar and the Institute for Development Studies at the University of Nairobi. The programme enters a growing debate around how African institutions prepare leaders for economic transformation, regional integration and governance reform. Dr Penny Parenzee, Senior Programme Manager at the Nelson Mandela…

** For the best experience, download the free Africa Private Equity News app Android | iOS **Barka Capital has committed to a joint equity investment in Laboratoires Adeba alongside CDC-CI Capital, Côte d’Ivoire’s sovereign investment arm. Founded by Linda Dempah, Adeba is building a premium Ivorian biocosmetics brand from West African botanicals, sourced from women smallholder farmers in Côte d’Ivoire.“This is exactly what we are built to back: founder led, locally rooted, internationally competitive,” Barka Capital said in a statement announcing the investment.Barka Capital, which operates from Abidjan, describes itself as an accelerator and seed impact fund.Want to know who…

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In brief OpenAI is aiming for a September IPO with Goldman Sachs and Morgan Stanley as underwriters, the Wall Street Journal reported. Elon Musk’s lawsuit challenging the AI company’s structure and finances failed Monday. Secondary market share prices value the firm above $900 billion. OpenAI CEO Sam Altman is reportedly aiming for a September initial public offering, accelerating plans after Elon Musk’s failed lawsuit removed a key obstacle to the AI company’s public market debut.According to the Wall Street Journal, citing sources familiar with the plans, the AI company has engaged Goldman Sachs and Morgan Stanley to prepare IPO paperwork…

Uganda’s communications regulator has granted Starlink a provisional licence, marking a significant step in the satellite operator’s push into East Africa and reflecting a broader shift in how African regulators are approaching low-earth orbit (LEO) broadband connectivity. The Uganda Communications Commission (UCC) issued the provisional licence to Starlink, SpaceX’s satellite internet service, while Airtel Uganda has simultaneously begun testing Starlink’s direct-to-cell (D2C) LEO satellite service. The direct-to-cell technology allows standard mobile handsets to connect directly to satellites without specialised equipment — a development that could significantly expand connectivity in areas where terrestrial network infrastructure is limited or absent. Airtel Uganda’s…