Author: Elan
To better serve the communication needs of private capital investment firms and service providers, Africa Private Equity News has introduced Africa Invest Wire.This new service allows firms to distribute their corporate announcements – including recent transactions, thought leadership, investment opportunities and team appointments – directly to Africa’s private capital community. Rather than routing news through PR agencies and hoping it gets picked up by the right outlets, firms can now communicate directly and predictably with African private capital stakeholders.We email your update directly to our database of 7,500+ regional investment professionals, and publish a dedicated edition of our LinkedIn newsletter…
CREDIT rating agency, Moody’s has revised Ghana’s sovereign credit outlook from ‘stable’ to ‘positive,’ while affirming its long-term foreign-currency rating at Caa1. The revision to a positive outlook reflects growing confidence that Ghana’s macroeconomic conditions are gradually stabilising after a period of severe financial distress. Moody’s in a statement cited improvements in fiscal discipline, including efforts by the government to reduce budget deficits and enhance revenue mobilisation as the basis of the revision of Ghana’s outlook. Follow us on WhatsApp | LinkedIn for the latest headlines It said those measures, combined with expenditure controls, were beginning to restore some credibility…
Former petroleum minister Diezani Alison-Madueke has denied allegations of bribery and corruption before a UK court, insisting she neither solicited nor received illicit payments while in office. A former Nigerian petroleum minister, Diezani Alison-Madueke, on Monday denied asking for or receiving bribes while in office, as she testified before the Southwark Crown Court. Mrs Alison-Madueke, 65, told the court she had “tried to push back on corruption” in Nigeria, which she described as a longstanding challenge dating back to the colonial era. Follow us on WhatsApp | LinkedIn for the latest headlines The former minister is standing trial over allegations…
Fellowship, a super political action committee (PAC) that claims to have $100 million in its war chest from crypto-aligned parties ahead of the 2026 US midterms, has begun reporting spending and endorsements for the next election.According to a filing with the Federal Election Commission (FEC), the Fellowship PAC reported spending $300,000 on advertising for Clay Fuller, a Republican who won a special election for Georgia’s 14th Congressional District to replace resigning congresswoman Marjorie Taylor Greene. The spending, reported disbursed on Tuesday, comes about a month before Georgia’s Republican primary on May 19.Source: Federal Election CommissionFellowship is just one of several…
I sat in on a cloud panel at GITEX Africa in Morocco on April 8, 2026, that was less about how countries and companies are adopting the cloud, but more about who is controlling it. The session, themed ‘Africa’s Cloud Moment – Build Regional or Stay Fragmented,’ brought together Kashifu Abdullahi, director-general of Nigeria’s National Information Technology Development Agency (NITDA), and Abderrahmane Mounir, chief executive officer, Maroc Data Centers, Morocco. The session was moderated by Adil Al Youssefi, CEO, Africa Data Centres Kenya. “If digital is a lifestyle to us, then cloud is the oxygen to sustain it,” Abdullahi said.…
If every time you hear the word “git” and immediately start picturing developers hunched over terminals, I won’t blame you. The version tracking tool was built for code and has lived in that world for decades now. However, at its core, Git is just a very clever way of tracking changes made to a file over time. It doesn’t know or care what those files contain. Whether it’s a C script or a notes file, it’ll track changes just the same. I use Git for non-programmer tasks daily, and this usage has nothing to do with writing code. Once you…
Madica, the pre-seed investment programme backed by Flourish Ventures, has invested up to $600,000 across three new startups in Tanzania, Kenya, and Nigeria.The three companies, Kilimo Fresh, Hakimu, and Biovana, will each receive up to $200,000. They also gain entry into Madica’s 18-month support programme, which bundles mentorship, executive coaching, and two fully funded immersion trips to technology ecosystems in Africa and abroad. On top of that, the founders get access to Madica’s global investor network.This is the latest batch from a programme that has been steadily building a portfolio since launching in 2022. Madica previously invested in startups like…
From Indaba to the budget: Will fiscal policy unlock mining-led growth? – African Business From Indaba to the budget: Will fiscal policy unlock mining-led growth? – African Business
Africa’s largest cryptocurrency exchange, VALR, has partnered with the digital payments gateway Onafriq. This integration allows users in 43 African markets to fund their crypto accounts directly using mobile money in local currencies, without the need for a bank account. The partnership, announced on Wednesday, allows anyone with a mobile money wallet (like M-Pesa or MTN MoMo) to deposit Kenyan shillings, Nigerian naira, Ghanaian cedis, or Ugandan shillings. They can then use these funds to access Bitcoin, stablecoins, tokenised gold, and over 100 other digital assets on VALR’s platform. This integration utilises Onafriq’s extensive network, which includes almost one billion…
The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing individual annual income tax returns for the second time, now giving taxpayers until April 21, 2026, to complete their submissions. The agency announced the extension on Friday, citing a surge in traffic on its eTax platform following the previous extension to April 14. The LIRS stated that the high volume of users attempting to file reflects genuine compliance efforts and that the additional time is being granted to ensure everyone has a fair opportunity to submit their information accurately. “This additional extension is granted in consideration of…