Author: Elan

** 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…

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Nigeria’s fast-rising youth culture and innovation community, The Gathering on 100, is heading to Enugu, with registration now open for gamers, performers, DJs, creatives, and culture enthusiasts. The Enugu edition will take place on June 19, 2026, at ICC Hall, Okpara Square. It will bring together a new audience for the platform’s signature blend of music, gaming, live performance, community engagement, and youth-driven entertainment. The Gathering on 100 first gained national attention in Lagos, where it transformed the National Stadium, Surulere, into a continuous 100-hour ecosystem of activity from April 22 to 26, 2026. The event combined culture, commerce, entrepreneurship,…

The Founder and CEO of Carbon AI, Debola Ibiyode, has unpacked the immense economic, environmental, and employment opportunities that lie at the intersection of climate technology and Artificial Intelligence (AI). Ibiyode, who unpacked this when she appeared on TVC’s flagship morning show, Wake Up Nigeria, demystified the global carbon market, redefining it not just as an environmental rescue mission, but as a multi-billion-dollar economic engine capable of driving massive job creation across Nigeria and the globe. Addressing widespread misconceptions about climate initiatives, Ibiyode pointed out that pushback against green energy often stems from economic anxieties rather than environmental disagreement, stressing…

TL;DR ETOE has announced it is launching the Dolphin 2 in the US and select European markets. This projector offers certified Google TV, a 54Wh built-in battery, 800 lumens, and native 1080p resolution with 4K decoding. Pre-orders are open, with early bird pricing ending on June 28. Projectors come in all shapes and sizes, especially the ones that are designed to be portable. If you’re on the hunt for something you can plop down anywhere, ETOE (Eazy to Enjoy) has a new offering. The company is launching the second generation of its Dolphin projector.Today, ETOE announced the pre-sale launch of…

Michael Jongeneel, CEO of FMO** For the best experience, download the free Africa Private Equity News app Android | iOS **FMO, the Dutch development finance institution, intends to establish a regional office in Abidjan, Côte d’Ivoire, as part of its strategy to further strengthen its presence and long-term commitment across West Africa. FMO has built a substantial presence in West Africa over recent years, with a total committed portfolio of approximately €1.3 billion. Michael Jongeneel, CEO of FMO, said, “West Africa is an important region for FMO, with strong growth potential and increasing demand for investment across sectors that are…

Nairobi — In view of the 2027 general elections, Kenya’s main political leaders have intensified their presence in churches of various Christian denominations. Despite bans imposed by the authorities of the main religious denominations against holding rallies and political propaganda activities in places of worship, at least two such incidents were recorded this week. On Sunday, June 14, opposition leaders, including Rigathi Gachagua and Kalonzo Musyoka of the United Opposition coalition, attended Mass at St. Mary’s Catholic Church in Kibabii, Bungoma County, western Kenya. At the end of the service, they made a donation to support the canteen service for…

Editor’s note: This article is the second 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. Read Part 1, exploring the data on funding to Black founders, here. Part 3 will be published next week. Only around $942 million — or just 0.32% of total U.S. venture funding — went to startups with a Black founder or co-founder last year, per Crunchbase data. That’s one of the lowest shares in years, and…

Malawi has recorded a welcome improvement in its inflation outlook, with the latest figures from the National Statistical Office (NSO) showing that the pace at which prices are rising has slowed, largely due to a decline in food prices. According to the NSO’s Consumer Price Indices report for May 2026, the country’s year-on-year inflation rate dropped to 23.4 percent in May from 24.3 percent in April 2026. The decline signals a modest but significant easing in inflationary pressures that have weighed heavily on households and businesses in recent years. The NSO attributes the improvement mainly to lower food inflation, which…

Flutterwave, Africa’s largest payments startup, has tapped payments-focused blockchain network Tempo to expand its stablecoin payments infrastructure, eight months after announcing a similar partnership with Polygon.The partnership, announced on Thursday at Money20/20 Europe in Amsterdam, the Netherlands, will see Flutterwave integrate Tempo as a settlement layer for stablecoin transactions across its consumer remittance product, Send App, and its enterprise payments platform, Flutterwave for Business (F4B).Once deployed, the integration will support wallet-to-wallet transfers using dollar-backed stablecoins USDC and USDT, enabling individuals and businesses to move money across borders through digital currencies.The partnership is the latest signal that African fintechs are increasingly…