Author: Elan

For years, one name has dominated the SUV sales charts, earning a reputation as the default choice for families looking for practicality, efficiency, and reliability. That dominance, however, is being tested. Production challenges have limited availability at a time when competition in the SUV segment is fiercer than ever, creating an opportunity for rivals to gain ground. Automakers have spent the last few years aggressively improving their crossover lineups, offering everything from premium interiors and advanced technology to hybrid efficiency and impressive value. As a result, shoppers now have more compelling alternatives than ever before, and many buyers who might…

Babatunde Folawiyo is one of Nigeria’s most low-key billionaires… while he may prefer the shadows to centre stage, his business footprint spans major sectors of the Nigerian economy, including oil, energy, finance and sports. Published on June 21, 2026 at 11:30 am (GMT +1) In a 2021 interview with Architectural Digest, Reni Folawiyo, wife of the Nigerian billionaire Babatunde Folawiyo, described the dynamics when the couple is hosting a party on their epic Ikoyi penthouse terrace – complete with an infinity pool: “My husband is much quieter than me. He always hides in the corner.” 

Listen to this article Tokyo is redefining its engagement with Africa, transitioning from traditional aid-based approaches to strategic venture capital (VC) investments focused on long-term partnerships, innovation and capacity building. Several Japanese private companies are making Japan’s presence felt in Africa’s VC landscape, particularly in high-growth sectors such as fintech, climate tech and mobility. Growing demand for innovative, technology-driven solutions in Africa has drawn increasing interest from international investors. VC funding in Africa rose from over US$2 billion in 2019 to a peak of US$5.2 billion in 2022. Though investment declined to around US$3.6 billion in 2023, the continent’s start-up…

  Nigeria’s startup ecosystem has witnessed remarkable growth over the past five years, attracting billions of dollars in venture funding and producing some of Africa’s most recognised technology companies. Yet despite this progress, questions remain about capital accessibility, founder readiness, governance standards, and the sustainability of the ecosystem’s growth trajectory. In this interview with KENNETH ATHEKAME, a venture architect and investment strategist at Greylight, Adejumo Joba shares insights on the evolving investment landscape, the challenges facing founders seeking institutional capital, and why culture-driven ventures may represent Africa’s next major economic opportunity. Excerpts: You operate at the intersection of venture development,…

EBID welcomes AfDB as its first institutional shareholder – African Business EBID welcomes AfDB as its first institutional shareholder – African Business

Cryptocurrency traders are no longer using Bitcoin (BTC) profits to buy altcoins as they did in previous bull cycles, raising doubts about whether a broad “altseason” can return.Key takeaways:Bitcoin-to-altcoin rotation trend has collapsed to its weakest level since 2021.Altcoin capital is increasingly getting concentrated in fewer projects, delaying the altseason.Bitcoin-to-altcoin rotation trend has “basically disappeared”The old altseason trade is no longer working the way it did in previous bull cycles, according to Ki Young Ju, CEO of CryptoQuant.In a Saturday post, Ju said the Bitcoin-to-altcoin rotation trend has “basically disappeared,” citing CryptoQuant data showing BTC-pair altcoin trading volume has collapsed…

A new Galaxy Watch Ultra is on the way, and the early signs point to one of the biggest upgrades the Ultra line has seen. Samsung has refreshed its own health app, and Qualcomm has detailed a new chip built for the next Galaxy Watch. Regulatory filings add to the picture too, even though Samsung has stayed quiet about the name. This guide separates what is confirmed from the leak, so you know what to trust. It covers the expected launch date, pricing, key features and upgrades, and how the device compares with the current Galaxy Watch Ultra. Has Samsung…

In a world where AI is informing more design choices, it’s easy to mistake predictions for certainties. This article introduces Probabilistic Design, a mindset that allows UX and product teams to accept uncertainty, decipher AI outputs with nuance, and make smart, adaptive decisions.In 2024, an Air Canada customer asked a chatbot about bereavement fares. The bot confidently gave him a refund policy that didn’t exist. The airline refused to honor it. A tribunal ruled in the customer’s favor. The bot hadn’t decided anything; it had predicted an answer based on patterns in its training data. The company treated that prediction…

By Inamangwe Mtumtum, Senior Integrated Strategist at Boomtown There is a strange performance built into strategy. We walk into boardrooms, project slide decks onto screens, clear our throats and speak in the language of confidence: “The consumer wants … the market is moving … the opportunity is clear … the brand must. We’re paid to make ambiguity sound elegant; to turn collective panic into commercial pillars. To look at a country that feels like it is being held together by debit orders, WhatsApp prayers and mid-month calculations and somehow produce a seamless way forward. But what happens when reality refuses…

** For the best experience, download the free Africa Private Equity News app Android | iOS **Convergence Partners Energy Finance (CPEF) has entered into indicative terms for a proposed $20 million investment into Anzana Electric Group, a developer, investor, and operator of hydropower and grid distribution projects across Africa.CPEF is a structured capital vehicle within the Convergence Partners group, borne out of an acknowledgment that energy and digital infrastructure increasingly require simultaneous development.The proposed facility would fund near-term M&A and project development, with capital weighted toward operating and brownfield assets in Anzana’s core markets including the Lobito Corridor. It is…