Author: Elan

Meta is laying off around 8,000 employees and cutting approximately 6,000 open positions, with the changes taking effect on May 20. These reductions amount to about 10% of Meta’s global workforce of 78,865 employees. The layoffs were announced in an internal memo from Meta’s head of HR, Janelle Gale, and confirmed by a company spokesperson.Gale stated in the memo that the move is part of an effort to run the company more efficiently and to offset other investments. The memo was first reported by Bloomberg.Why Meta Is Making These CutsMeta expects its capital spending in 2026 to be between $115…

A sweeping reform agenda, new ecotourism destinations, a record airport project, and a regional champion — Ethiopia extends a direct call to UAE residents to discover Africa’s rising destination. Ethiopia has unveiled an ambitious national tourism strategy aimed at positioning the country among Africa’s leading emerging destinations, while simultaneously advancing a landmark project to construct the continent’s largest international airport. Together, these initiatives reflect a coordinated vision linking sustainable development with economic modernization.  H.E. Dr. Jemal Beker Abdullah, Ethiopia’s Ambassador to the United Arab Emirates, stated that the strategy is part of a comprehensive national reform agenda led by Prime…

** For the best experience, download the free Africa Private Equity News app Android | iOS **Amethis, Proparco, ccap.ai and management have completed their investment in Vertice MedTech Holdings.Founded in 2018 by a management group led by Hendri Pretorius, in partnership with Ethos Private Equity, Vertice has established itself as an independent distributor of specialised medical devices and a provider of healthcare software and mobile healthcare solutions in Southern Africa.Vertice operates through two business lines: Vertice Healthcare, focused on specialised medical devices, and Vertice Software, which develops digital health solutions. ccap.ai is the private investment vehicle founded by Nic Kohler,…

At the 2025 ABH Grand Finale, Diana Orembe (Tanzania), Abraham Mbuthia (Kenya), and Adriaan Kruger (South Africa) were awarded funding for building scalable, high-impact businesses across Africa. Partner Content: Africa’s Business Heroes Across Africa, a quiet but decisive shift is underway. Entrepreneurship on the continent is no longer defined by early-stage experimentation or fragmented startup ecosystems. It is increasingly shaped by founders building businesses that scale across sectors, across borders, and into the core of Africa’s economic future. From healthcare and agriculture to fintech, logistics, and energy, a new generation of entrepreneurs is doing more than launching companies. They are formalising…

Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here)   Reserve your digital subscription today Join now for $38 per month Join now for $435 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and the investment firms and executives involved Portfolio company news that impacts value and stakeholder participation Job moves and partnerships between leading market participants Exclusive access to Africa Capital Digest’s full content archive If you’d like more information on exceptional value group subscriptions for your colleagues…

Ether’s (ETH) 33% rally from its sub-$1,800 multi-year lows appears to be cooling, but several key metrics suggest the top altcoin may be primed for a bigger rally toward $6,000 or higher.Key takeaways:Ether is currently displaying a technical setup similar to past cycles that ignited a massive rally in ETH price. Supply squeeze potential is growing as increasing accumulation and exchange outflows reduce immediate sell pressure.A rising Coinbase premium reflects the return of US institutional demand.Ether’s fractal targets a $6,000 ETH price Ether is currently bouncing off a multi-year trend line that has historically marked macro ETH price bottoms. Previous instances in…

MTN Nigeria says it will compensate subscribers affected by network disruptions between November 2025 and January 2026, in compliance with a directive from the Nigerian Communications Commission (NCC). In a press statement released on April 24, 2026, the telecom operator confirmed that customers in impacted areas would receive compensation in line with regulatory guidelines. “All consumers within the affected areas where service shortfalls were recorded will receive compensation for the operating periods of November, December, and January, in accordance with the applicable framework.” The development signals increased regulatory scrutiny on telecom operators in Nigeria, as the NCC continues to push for…

Google Discover is one of the better things Google has built. It’s the personalized news feed that learns what you care about and shows you relevant stories, delivered to your smartphone with a single swipe (or in Chrome on Android). But for reasons Google refuses to really elaborate on, it has never brought Discover to desktops. Now, that is set to change, but Google is also keeping tight-lipped about when that change might come. So, in the meantime, you can build your own Discover feed of sorts with a couple of Chrome extensions, sometimes with the page inspection tool, and…

Oliver Holle, CEO and managing partner of Speedinvest** For the best experience, download the free Africa Private Equity News app Android | iOS **Speedinvest, a Vienna-based venture capital firm, has announced its first flagship fund focused on investing in early growth-stage companies across the Middle East and Africa (MEA).Backed by Mubadala Investment Company, the Qatar Investment Authority (QIA), the European Investment Bank’s development arm EIB Global, and other investors, the fund formalises Speedinvest’s existing investment activity in the region.“We are thrilled to welcome QIA, Mubadala, and EIB as investors supporting our Middle East and Africa strategy,” said Oliver Holle, CEO…

Governors under the platform of the Nigeria Governors’ Forum have backed the development of a State Police Framework ahead of proposed constitutional amendments, while also supporting the Federal Government’s proposed 12-year continuous basic education plan and calling for more schools across the country. The position of the governors was contained in a communiqué read by the Chairman of the Forum and Governor of Kwara State, AbdulRahman AbdulRazaq, at the end of the Forum’s first meeting of 2026 held on Thursday in Abuja. On security, the communiqué stated that the Forum “noted the Secretariat’s proactive development of a State Police Framework…