Author: Elan

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…

Dutch private equity and special situations investor Kenzoll Capital has partnered with MSF Commercials to restart operations at the Sperrgebiet Diamond Mine, formerly known as the Elizabeth Bay Mine, near Lüderitz. This is despite the global market for diamonds declining without any forecast of recovery for 2027. The investment marks a fresh attempt to revive the historic mine, which has been largely out of production since Namdeb placed it on care and maintenance in September 2018 after concluding that it could no longer operate the mine economically. Elizabeth Bay has a mining history dating back to 1911, following the discovery…

In brief OpenAI published 722 math manuscripts in 372 result families on GitHub from an unreleased internal model. Only 162 of the 722 papers have a Lean-formalized main result, and OpenAI warns that some unformalized results could have issues. MIT’s Andrew Sutherland says the one-prompt, single-agent claim is unverified until the model is released, and the release omits the prompts that an advisory group at the Institute for Advanced Study recommended disclosing. OpenAI published 722 math manuscripts on GitHub on Tuesday, all produced by an internal model the company has not released. An OpenAI spokesperson said almost everything came from…

Nigerian fintech Kredete has expanded its stablecoin and cross-border payments operations into South Africa after acquiring an entity holding a Crypto Asset Service Provider (CASP) licence from the country’s Financial Sector Conduct Authority (FSCA). The acquisition, completed through a Kredete subsidiary focused on stablecoin infrastructure, gives the fintech a regulated foothold in South Africa as it looks to expand its digital asset-powered payment and remittance services. Kredete said the transaction was structured as an all-share acquisition, adding that the South African licence will support its plans to offer stablecoin-powered remittance and payment services to individuals and businesses in the country.…