Author: Elan

Matsebe Thulare, executive at RMB Corvest** For the best experience, download the free Africa Private Equity News app Android | iOS **RMB Corvest and Shalamuka Capital have acquired a minority stake in South Africa-based Process Automation, partnering with CEO Larry Smith, who retains his majority shareholding. The transaction follows the exit of Evolve Capital Partners and supports Process Automation’s next phase of measured growth across Africa and selected international markets.Process Automation is an original equipment manufacturer (OEM) that designs, engineers, manufactures and supports high-precision measurement and control instrumentation solutions for the mining, mineral processing and bulk material handling sectors. Its…

By Semafor Africa Photos: YouTube Screenshots African startups raised a record sum in debt financing in 2025, as investment in the continent’s maturing tech scene rebounded with growing interest from financiers. Startups in Africa raised $1.64 billion through debt last year, exceeding the mark in 2024 by more than 60%, according to a report by Dakar-based venture capital firm Partech Africa. Debt as a share of annual VC investment into African startups reached 40% for the first time since Partech started tracking the data a decade ago. “It is a sign that African startups are getting more mature and predictable,”…

This month, Japanese games are dominating the charts, with games coming from most of the most-beloved publishers, including Nintendo, Enix, Capcom, Tecmo, RGG Studio, and Grasshopper Manufacture.In addition to these notable games arriving, this month will also see the arrival of High On Life 2, the PS5 release of Avowed, the Switch 2 release of PGA Tour 2K25, Tokyo Xtreme Racer, and more.Dragon Quest VII ReimaginedRelease Date: February 5Platforms: PC (Steam/Microsoft Store), PlayStation 5, Xbox Series X/S, Nintendo Switch, Nintendo Switch 2There was a time when Japanese RPGs dominated the gaming landscape, and Dragon Quest is one of the grand…

e-Hailing drivers in Benin City have kicked against a new ride option introduced by Bolt called the Wait and Save. According to the Edo state Chairman of the Amalgamated Union of App-based Transporters of Nigeria (AUATON), Comrade Russell Eghaghe, the option is not in the best interest of drivers. Bolt included the Wait and Save category in Edo State and several other markets. It appears as the last and cheapest option after Basic and Comfort. Describing the option in an email to Technext, a Bolt spokesperson said it is a budget-friendly option for riders who are willing to wait longer…

In recent weeks, Microsoft has focused on improving Excel’s end-to-end efficiency. Whether you’re looking to create complex files more efficiently, import data via formulas and clean it in the cloud, get help to fix errors, or send your analysis as PDF reports, these updates are set to transform your February workflow. 1 Clean and transform data in your browser Prerequisites You must have a paid Microsoft 365 subscription to access the Power Query tools in Excel for the web. Availability Viewing and refreshing existing queries in Excel for the web is generally available to all Microsoft 365 subscribers. However, the…

Cape Town — South Africa has declared Israel’s top diplomat in the country persona non grata, ordering him to leave within 72 hours following what officials described as repeated breaches of diplomatic norms. The Department of International Relations and Cooperation (DIRCO) announced Thursday that Ariel Seidman, the Chargé d’Affaires at the Israeli Embassy, must depart the Republic by Sunday evening. The expulsion follows what South African authorities characterized as “unacceptable violations” that directly challenged the nation’s sovereignty. DIRCO specifically cited the use of official Israeli social media channels to launch what it called “insulting attacks” against President Cyril Ramaphosa, along…

Addis Ababa — Barbadian Prime Minister Mia Amor Mottley has hailed Ethiopian Grand Ethiopian Renaissance Dam (GERD) as a powerful symbol of African self-determination, declaring it a living proof that the continent can defeat energy poverty even when locked out of international financing. Speaking in a widely watched interview with a globally renowned South African comedian, writer, producer, and television host, Trevor Noah, Mottley said Africa’s most urgent development crisis remains access to electricity, an issue often ignored amid global debates about artificial intelligence and advanced technology. “When the world is talking about technology, 600 million people out of 1.4…

Ethereum and XRP just fell off a cliff in weekend trading, Bitcoin barely flinched, and the timing might matterCrypto has a habit of saving its worst moves for the hours when people are least prepared to deal with them.That was the vibe on Saturday, when Ethereum and XRP dropped hard in a short burst, right as weekend liquidity was already thin.On my 30-minute charts, XRP was down about 7.98%, ETH was down about 5.66%, and Bitcoin was comparatively steady with a smaller drawdown of around 3%.Bitcoin, Ethereum and XRP price action (Source: TradingView)The broader market took the hit to the…

Every Nigerian child understands the quiet tension of the mid-month call. It often begins warmly — “How is work, my child?” — and ends with a careful request for help covering an unexpected expense. The issue is rarely unwillingness. It’s friction. Life gets busy, deadlines are missed, and support becomes reactive instead of consistent. Over time, parents are forced to ask, children feel guilty, and dignity quietly erodes. Today, MyRunway announces the launch of Dependant Runway, a new feature designed to turn family support from an awkward request into a reliable, automated system of care. “I remember the pit in…

Let’s make the most of the shortest month of the year with a new collection of desktop wallpapers that are sure to bring a smile to your face — and maybe spark your creativity, too. All of them were designed with love by the community for the community and can be downloaded for free. Happy February!Sometimes, the best inspiration lies right in front of us. With that in mind, we embarked on our wallpapers adventure more than 14 years ago. The idea: to provide you with a new collection of unique and inspiring desktop wallpapers every month. This February is…