Author: Elan

By PwCPwC has released its latest report, Decoding ROI from AI in Africa, which examines how organisations can translate AI investment into tangible business outcomes.The findings suggest that many organisations across Africa are at a pivotal point: while AI adoption is widespread, value creation remains uneven due to challenges in scaling and execution.Key findings from the report include:Scale gap: 82% of organisations are running AI pilots, but few have scaled enterprise-wide adoptionInvestment gap: Average investment is 2% of revenue vs. 5% among global leaders; only 32% believe investment is sufficientGrowth vs efficiency: AI in Africa is focused on cost savings,…

Interview with Eka ObaigbenaFOUNDER, TOASTIES Lives in: Lagos, Nigeria Eka Obaigbena noticed a gap in Nigeria’s restaurant market for fast-casual chains – such as Chipotle, Shake Shack, and Pret a Manger – she had grown accustomed to while living abroad. To fill it, she launched Toasties, which offers sandwiches, salads and other items that blend local ingredients with international flavour profiles. How we made it in Africa editor-in-chief Jaco Maritz spoke to her about leaving Michelin-starred kitchens overseas to build the business in Lagos. Topics discussed during the interview include: The differences between operating a restaurant in Nigeria and the…

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An early Ether (ETH) investor sold their ETH holdings over the past week as the price headed toward $2,000, sparking fears of further losses. However, onchain data tells a different story as traders speculate where ETH/USD might bottom.Key takeaways:An early Ethereum whale sold $136 million in ETH, adding pressure as Ether trades below the $2,000 level.Onchain data shows no evidence that older ETH investors are selling en masse.Analysts warn the ETH price could fall further toward the $1,500 support.Ethereum OG whale sells $136 million ETHAn old Ethereum whale, an early investor holding tokens since the network’s first years, sold 55,000…

Nigeria’s inter-bank settlement infrastructure body wants Nigerians to stop choosing between keeping cash in their pockets and paying charges to move money digitally, and its chief executive made that argument publicly at one of the most consequential payments gatherings of the year. Premier Oiwoh, Managing Director and Chief Executive of the Nigeria Inter-Bank Settlement System (NIBSS), used his remarks at the official launch of Nigeria’s Payments System Vision 2028 to advocate for the complete elimination of transfer fees, arguing that charges on digital transactions are actively undermining the country’s financial inclusion goals and driving people back to cash. Premier Oiwoh…

It’s the first of the month, which means Netflix has added a substantial number of new movies and shows. Some of the highlights include the Creed movies, Friday Night Lights, The Karate Kid franchise, and the first five seasons of Hawaii Five-0. Keep an eye on the new movies coming later this month, including Office Romance and Little Brother. As for the thriller section, there are several movies to check out this week. My top pick is a recent crime thriller from an Academy Award-nominated director. My other two movies are total opposites. One is a disturbing psychological thriller featuring…

** For the best experience, download the free Africa Private Equity News app Android | iOS **The Private Infrastructure Development Group (PIDG) has joined an investor consortium to close the final funding gap for the $137 million Takoradi Floating Dock Project (Shiprite) in Ghana. Located in the Port of Takoradi, 225km from the capital, Accra, Project Shiprite will develop, build, and operate a commercial-scale ship repair and dry docking facility in the Gulf of Guinea. Delivered as a partnership with the Ghana Ports and Harbours Authority under a 25-year concession agreement, the Shiprite transaction with PIDG’s investment can now proceed…

Washington, DC — When Festus Mogae died in early May, the world lost a global statesman and I lost a beloved friend of more than 40 years. The Oxford- trained economist was a dedicated democrat, committed feminist and visionary leader who successfully shepherded Botswana through the HI/AIDS crisis. But the magic of Festus was his integration of those talents and traits into a soft-spoken powerhouse who was instrumental in piloting a small, newly independent southern Africa country from dire poverty at its 1966 independence to prosperity as the strongest democracy and most resilient economy on the continent 60 years later.…

Editor’s note: This article is the first in a three-part series on the state of venture investment to Black-founded startups in 2026. Driving these reports is data from Crunchbase’s Diversity Spotlight feature, which offers insight into diversity in startups’ and investment firms’ leadership teams. Parts 2 and 3 in this series will be published in June. The share of U.S. venture funding going to companies with Black founders in 2025 remained low, even as overall startup investment ticked slightly higher, Crunchbase data shows. Only around $942 million — or just 0.32% of total U.S. venture funding — went to startups…

Mr President, we would like to recognize the fact that over the past 12 months, the country has experienced a relatively stable and consistent flow of electricity, marking a significant period of improved supply. However, the situation has deteriorated drastically. What started as a glitch with maintenance – with a show of understanding from the public – has apparently turned out to be a major issue, as the nation has to make do these days with constant power outages day in day out. This is troubling as almost all facets of the national fabric are gravely affected. Businesses, public and…