Author: Elan

complicated neighbours The African Development Bank is quietly looking for a new host after Niger’s military rulers fell out with neighbouring states and two of the institution’s biggest shareholders. By Alix Lavoué Sidi Ould Tah, president of the African Development Bank Group in Johannesburg on 21 November 2025. © Jemal Countess/Getty Images for Global Citizen/AFP Published on July 27, 2026 at 17:00 pm (GMT +1) Last year in Abidjan, everything went smoothly. The closing ceremony of the African Development Bank’s 2024 Annual Meetings featured a formal handover. Nialé Kaba, then Côte d’Ivoire’s minister of economy, planning and development and chair…

African startup funding dipped by 6% year on year to $1.4 billion in the first six months of 2026, after the number of early-stage companies securing venture capital investment fell, data from Africa The Big Deal shows. The largest agreement for the year so far happened in June, when four-year-old electric motorcycle maker Spiro raised $270 million. That helped raise the total for the half year, but the number of startups raising $100,000 or more fell to its lowest level since 2021, the data showed. African tech fundraising remains way behind the peak days of 2022, as Silicon Valley investors…

Does AGOA’s third country rule damage African textile production? – African Business Does AGOA’s third country rule damage African textile production? – African Business

Hashdex plans to put some of the crypto held by its Nasdaq CME Crypto Index ETF (NCIQ) to work through staking. The sponsor takes the first slice of net income, while common shareholders begin sharing in the rewards after an annual threshold is cleared.The framework is prospective. A July 23 Form 8-K named Coinbase Cloud as the initial provider and said staking was expected to begin promptly, subject to operational readiness.Under the July 23 prospectus supplement, a staking provider first retains its portion of gross rewards. Hashdex then receives all remaining net staking income up to a dollar threshold equal…

Before Mida had a name, it existed as three separate ideas inside Renmoney, a Nigerian digital microfinance bank, where its three founders worked as colleagues, each unknowingly trying to solve the same problem.  Mayowa Anibaba, Okeroghene Egbi, and Adija Uzodinma held senior leadership roles at the lender.  Anibaba led engineering, Egbi headed product and marketing, and Uzodinma oversaw  IT and operations. They called themselves “the trio.”   From their respective roles, they saw the same weakness in digital lending.  A lender could streamline the onboarding process, automate credit checks, and approve loans within minutes. But unless borrowers repaid those loans, none…

Most people who care about email privacy end up thinking about how to hide themselves. There are plenty of ways to do it with Gmail, but none are actually as safe as you think. Gmail doesn’t give you a good way to keep your identity private, even if you try using multiple emails. The best way is just to move on and use the services built for privacy and aliases. Gmail tricks don’t actually hide who you are Google profits by keeping your real email visible Credit: Justin Duino / How-To Geek Google’s email service has two well-known tricks that let…

The future of the global diamond industry is being shaped by changing consumer behaviour, weaker demand, growing competition from laboratory-grown diamonds and the need for greater transparency across the value chain. De Beers Group’s proposal to pause production at its Venetia mine for up to two years marks one of the most significant developments affecting South Africa’s diamond sector in recent years. While the company expects to maintain its global production targets by relying on mines elsewhere in its portfolio, the decision could have far-reaching implications for employment, investment and the country’s diamond supply chain. According to the National Union…

Pangea Africa and Black Star Africa have announced the joint acquisition of a majority stake in Eden Tree, a producer and distributor of fresh, packaged fruits and vegetables in Ghana.** For the best experience, download the free Africa Private Equity News app Android | iOS **A MESSAGE FROM OUR SUPPORTERSSouth African VC exits show early signs of a maturing venture capital ecosystemSouth Africa’s venture capital ecosystem is beginning to close one of the most important gaps in its growth story: exits. Read moreHere are summaries of the five most widely read stories from the past week on Africa Private Equity…

American-born entrepreneur Daniel Yu’s most recent venture is the Africa Jobs Fund, which seeks to invest in companies that can create jobs at scale for Africans and raise incomes. It focuses on two areas: international labour mobility and export manufacturing.He previously founded Wasoko, a multimillion-dollar company that connects informal retailers in East Africa with suppliers of consumer goods. After raising $145 million and merging Wasoko with Egypt-based MaxAB in 2024, he stepped away from day-to-day involvement in the business last year.Yu spoke to How we made it in Africa editor-in-chief Jaco Maritz about the business opportunities in helping Africans find…

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