Author: Elan

Chowdeck has achieved a remarkable milestone by delivering over 100 million items through more than 30 million deliveries, just as the Nigerian startup approaches its fifth anniversary. Femi Aluko, the co-founder and CEO, shared this exciting news in a post on X, where he noted that an impressive 80% of these deliveries happened in the last 20 months. This rapid growth demonstrates how quickly the company is evolving since its launch in October 2021, expanding from just restaurant meals to now offering groceries and other daily essentials. In his heartfelt message, Aluko expressed gratitude to customers, riders, vendors, employees, and…

Formatting an SSD seems like the obvious thing to do if you want to sell it, give it away, or even just give it a new job doing something else. I’m not here to dispute that, but I think that many people are unaware that formatting isn’t the 100% fail-proof solution some think it is. Even if the drive looks empty from your operating system’s perspective, old data may not have fully been overwritten or erased. It can remain outside of the normal filesystem’s view. That could be good or bad, depending on what your goal is at this stage.…

A cancelled order or discontinued product line can leave a manufacturer with usable stock and no obvious buyer. Refreshi Exchange is developing a B2B marketplace to help businesses find another route to market before that inventory loses its value. A product can lose its place on a supermarket shelf long before it becomes unusable. Packaging changes, cancelled orders and decisions to discontinue a line can leave suppliers holding goods that still have commercial value but no longer fit their original sales channel. For South African manufacturers and distributors, finding an alternative buyer is a race against time. The remaining shelf…

Michael Wehrle, CEO of BlueOrchard** For the best experience, download the free Africa Private Equity News app Android | iOS **BlueOrchard and the International Finance Corporation (IFC) have launched an emerging markets private debt investment vehicle targeting up to $2 billion in commitments.Tokio Marine Group is the anchor investor in the vehicle’s $300 million first close.The vehicle is structured as an evergreen fund, allowing investors to subscribe and redeem during predefined windows while capital from investments can be reinvested.It is designed for private investors – including pension funds, insurers, and sovereign wealth funds – seeking long-term private credit exposure.“Emerging markets…

After eight years of advising startups and small and medium-sized enterprises (SMEs), Irtus Consolidated is moving into private capital, seeking to raise between $15 million and $20 million to invest in businesses it believes can capture large sections of Nigeria’s economy. Tamara Posibi, CEO of Irtus Consolidated, said the move represents a natural progression for the firm after years of working closely with founders, tracking the performance of their businesses and observing the challenges confronting early-stage companies. The firm, established in 2018, began primarily as an advisory business supporting founders with business formation, growth strategy and fundraising. It has since…

In the wake of Moove‘s Nigeria exit, the Amalgamated Union of App-based Drivers of Nigeria (AUATON) has hailed the company’s decision to fully transfer ownership of vehicles to drivers, describing it as an “unprecedented act of corporate empathy.” In a statement signed by its National Spokesperson, Comrade Jossy Adaraniwon, the union said that while corporate exits usually bring hardship, Moove has rewritten the script on corporate responsibility in Africa. “AUATON explicitly commends the management of Moove and its visionary Nigerian co-founders, Ladi Delano and Jide Odunsi, for an unprecedented act of corporate empathy. By completely wiping off remaining debts and…

What if you could escape your real life and rebuild it from scratch? For millions of Nigerians playing Lagos Life, Lagos Run and other viral games, the attraction is not just entertainment. It is the chance to become a billionaire, own property, run businesses, meet people and experience a version of Lagos where there is always a reset button. For some players, it is an escape from financial pressure. For others, it is nostalgia, social connection or simply the thrill of turning everyday Nigerian struggles into a game. But why are people spending hours inside these digital versions of home?…

A practical guide to naming UI components, with useful resources, naming conventions, and structures. You’ll find more useful guides and online workshops here on Smashing Magazine, so make sure to browse and explore.Naming is hard. The language we use shapes the way we think about things, but also the conversation we have about it. That’s why we have so much confusion about colors, icons, UI components, features — and that’s why we struggle to name design tokens, HTML classes, and variables.Sometimes, the names we choose are too generic, so it’s difficult to understand what exactly is meant. And sometimes they…

LekkeSlaap co-founders Jonathan Womersley and Marcel van de Ghinste have sold their interest in the South African accommodation booking platform to a consortium of local investors.The consortium is co-led by Bellair Road Investment Partners and Janic Capital. Other investors include the GT Ferreira Family Office, the Moolman Family Office and Investec Bank.LekkeSlaap’s executive management team has also invested alongside the consortium and will continue to lead the business.Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Access the latest…

Mr Bwala made the prediction while appearing on Channels Television’s Politics Today on Wednesday Daniel Bwala, Special Adviser to President Bola Tinubu on Policy Communication, has claimed that the president will secure a significantly wider margin of victory over his opponents in the 2027 presidential election. Mr Bwala made this statement while appearing on Channels Television’s Politics Today on Wednesday. Keep up with the latest headlines on WhatsApp | LinkedIn “Let me tell you and let me say it categorically, and I will be happy to come back. The margin of gap that President Bola Tinubu will give each and…