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Seun RasheedOur new book, How we made it in Africa II: Real stories of entrepreneurs turning opportunity into profit, is available here. The book was recently shortlisted for the Business Council for Africa (BCA) African Business Book of the Year Awards 2026.Interview with Seun RasheedFOUNDER AND CEO, SOUK FARMSLives in: Kigali, RwandaNigerian-born Seun Rasheed was working for oil giant Shell in Qatar when a holiday to Rwanda set him on a different path. During the trip, the wide gap between the local price of passion fruit and what it sold for in Europe caught his attention. He realised there was…

Many refugee camps are unliveable – here’s what needs to happen – African Business Many refugee camps are unliveable – here’s what needs to happen – African Business

GoLemon, the Lagos-based grocery delivery startup founded by four former senior Paystack executives, has ceased operations after 28 months, leaving behind a trail of 40,000 registered customers, tens of thousands of delivered orders, and more than ₦2 billion worth of groceries moved across Nigeria’s commercial capital. In a Medium post titled “Thank you, Lagos” published on July 29, 2026, GoLemon said it had become “part of thousands of weekly routines” across the city. But despite efforts to raise additional funding, the company said it “couldn’t find a sustainable path forward within the time available to us.” The shutdown marks the…

Wema Bank generated ₦7.14 billion from its electronic banking products in the first half of 2026, highlighting the increasing importance of digital banking in generating revenue for Nigerian lenders. According to the bank’s unaudited financial results for the six months ended June 30, 2026, fees for electronic products reached ₦7.14 billion, making it one of the bank’s largest sources of fee and commission income during this period. The bank reported a fee and commission income of ₦36.09 billion for the first half of 2026. Notably, electronic banking contributed nearly 20% of this total, deriving from activities outside traditional lending. For…

David Imel / Android AuthorityTL;DR Pixel 4 series phones, and the Pixel 4a in particular, have recently been suffering from a boot loop problem. Back at the start of July, Google let us know that a fix would soon be heading out. Pixel 4a owners now report that their latest Play update has finally sorted the bug out. Outside of full-on bricking a device, where you just can’t get it to respond at all anymore, is there any glitch more frustrating to deal with than a boot loop? At least most of the time when an app is malfunctioning, we…

Featured Image Credit: Total Shape via Pexels.com By AfricaBusiness.com South Africa’s healthcare sector is entering a new phase of digital transformation as technology reshapes how healthcare services are delivered, managed and accessed. Digital health solutions — including telemedicine, electronic health records, healthcare data platforms and artificial intelligence (AI) — are becoming increasingly important as countries seek to improve healthcare efficiency, expand access and build more resilient health systems. The World Health Organization (WHO) states that digital health should strengthen healthcare systems by improving access, quality and sustainability rather than simply replacing existing processes with digital tools. Effective digital transformation requires…

** For the best experience, download the free Africa Private Equity News app Android | iOS **Abidjan-based climate-focused impact investment vehicle Barka Fund has invested $1 million in Kenyan macadamia exporter Orient Enterprises.Founded and led by Rajiv Pandya, Orient Enterprises is a Kenyan macadamia processor and exporter operating a facility in Juja, Kiambu County. The company produces vacuum-packed raw macadamia kernels, macadamia oil, and flavoured macadamia kernels under its Orient Chef brand. It supplies local retailers and premium export markets across Europe, North America, and Asia.Sourcing from a growing network of smallholder farmers, Orient generated $1.2 million in revenue in…

Tunisian agritech startup RoboCare has secured an undisclosed six-figure investment from venture capital firm 216 Capital, funding it will use to expand into new markets across Africa and the Middle East and to keep developing its AI-powered precision agriculture platform.Founded in Sfax in 2020 by Imen Hbiri, RoboCare has built a platform that fuses satellite imagery, drone data, Internet of Things sensor readings, weather information and field-level agronomy expertise to detect crop disease and stress early, optimize resource use and — the company argues — measurably lift farm productivity across some of the region’s most strategically important crops.According to its…

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Kenya has gazetted the Virtual Asset Service Providers (VASP) Regulations, 2026, finalising the country’s legal framework for licencing and supervising cryptocurrency exchanges, wallet providers, stablecoin issuers, and other digital asset businesses. The regulations were published in Kenya Gazette Supplement No. 185 under Legal Notice No. 134 on Friday, completing implementation of the Virtual Asset Service Providers Act, which President William Ruto assented to in October 2025.  The regulations mark the final step in Kenya’s effort to bring cryptocurrency businesses under formal regulatory oversight. They create, for the first time, a licencing framework that allows Kenya’s regulators to approve and supervise…