Author: Elan

Adnane Filali, managing partner at Azur Innovation Fund** For the best experience, download the free Africa Private Equity News app Android | iOS **Moroccan-Senegalese startup Weego, founded by Saad Jittou and Mor Niane, has closed a $1.1 million funding round with Azur Innovation Fund. This round aims to accelerate the deployment of its multimodal transport platform in Morocco, both for the general public and for businesses, and to initiate its expansion across Africa, Europe and the Middle East.Urban congestion is one of the main economic obstacles in major African cities. Weego positions itself as the digital link between the different…

The applause inside Nairobi’s Sarit Centre last week was not just for the five enterprises crowned at the 13th Sankalp Africa Summit. It was the sound of a maturing ecosystem. When three of the five top honours at a pan-African summit are scooped up by local founders, it signals a shift. Kenya is no longer just hosting the conversation on African innovation; it is dictating the terms.Yet, beyond the polished pitches and the celebratory press releases of February 25th, a more complex narrative is unfolding. The victories of Rio Fish, M-Taka, and Malaica represent a fascinating intersection: the maturation of…

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Zap Africa, a Nigerian cryptocurrency startup, cut 44% of its workforce in February 2026, cutting staff across its design, operations, marketing, and support teams as the company pivots to a leaner, automation-driven model. The Lagos-based company, founded in 2023, said the layoffs were part of a broader restructuring aimed at aligning operating costs with revenue-generating activities.  The job cuts began in December 2025, with at least five roles eliminated before the latest layoffs in February, which affected eight roles, according to former employees. The startup says it does not plan further layoffs. “Zap Africa implemented a limited restructuring affecting a…

Namaste, Victoria from Techpoint here, Here’s what I’ve got for you today: Chowdeck rolls out insurance for 20,000 riders Can scan-and-go win outside Nigeria? MTN Ghana profit jumps 56% Chowdeck rolls out insurance for 20,000 riders Source: Supplied Food delivery riders in Nigeria just got a rare win. In a gig economy where most workers hustle without safety nets, Chowdeck has rolled out personal accident insurance for more than 20,000 of its riders. The company has partnered with MyCoverGenius to provide automatic accident coverage for all active riders on its platform. Effective since November 2024, the plan covers accident-related medical…

When we talk about Windows app compatibilty, we usually think of Linux running some sort of WINE configuration. That’s not all the wonderful world of open-source has to offer though. Some really talented developers have managed to reverse engineer the Windows NT architecture. They’ve been working on it for almost 30 years. The project is called ReactOS, and it’s directly compatible with Windows software and drivers (no compatibility layers or emulation required). What is ReactOS? ReactOS is a free and open-source operating system that natively supports Windows apps and Windows drivers. When you download a .exe file on ReactOS, you…

-As Supreme Court Reviews Judge’s Actions Temple of Justice, Monrovia, Liberia, March 2, 2026: Supreme Court Chamber Justice, Associate Justice Yussif D. Kabah, has placed an immediate halt and freeze on the ongoing Capitol Building arson trial before Criminal Court “A” judge, Roosevelt Z. Willie. The court’s decisive action follows a writ of prohibition filed by former Speaker Koffa and co-defendants. They are seeking clarification and a review of Judge Willie’s prior decision, which they assert is both illegal and inconsistent with established law. The petitioners further contend that the judge’s actions were irregular, disruptive, and potentially detrimental to the…

Tosin Ojo Branded foods and sustainable packaging. These are just two of the areas in West Africa’s agribusiness sector where investment firm Sahel Capital sees attractive opportunities. How we made it in Africa spoke to Tosin Ojo, a partner at Sahel, who shared her insights from successfully investing in the region’s agribusiness industry. Topics discussed during the interview include: Sahel Capital’s new West African agribusiness investment fund Lessons learnt from investing in the agribusiness industry Notable previous investments Areas of opportunity in West Africa’s agribusiness sector Sub-sectors the fund will avoid Watch the full interview below: Our new book, How…

The appointment of Nigerian energy leader, Akinwole II Omoboriowo comes as Botswana seeks to address persistent electricity supply challenges, expand its renewable energy footprint and become net exporter of clean energy within a short period of time GABORONE, BOTSWANA — Botswana’s energy sector is set to gain a new strong voice with clear vision at its highest levels following the appointment of Nigerian energy leader Akinwole II Omoboriowo as Board Member and Vice Chairman of the Botswana Power Corporation’s (BPC) Board of Directors. The move, confirmed on BPC’s official website, comes as the nation seeks to address persistent electricity supply…

In brief Crypto funds pulled in $1 billion last week, reversing five weeks of outflows tallying $4 billion. Bitcoin products led inflows with $881 million, though short Bitcoin products signal divided sentiment. Investors now await Friday’s BLS jobs report, with Deutsche Bank forecasting 4.3% unemployment. Bitcoin and other crypto exchange-traded products pulled in $1 billion worth of funds last week, offsetting substantial losses in the weeks before.Before last week, crypto funds had shed $4 billion over the past five weeks, according to a new report from digital asset manager CoinShares. There have been signs that institutional investors haven’t lost interest…