Author: Elan
On Wednesday morning, commuters opening their apps across Lagos and Kampala were greeted by a blank screen and three unceremonious words: “No trips available”. After 12 years of navigating gridlock on the Third Mainland Bridge and a decade in Kampala, Uber folded its hand in Nigeria and Uganda. The shutdown landed on the exact morning chief executive Dara Khosrowshahi culled roughly 3,300 corporate jobs, or about 10% of Uber’s global staff, flattening management layers and redirecting capital towards autonomous vehicle infrastructure in core Western metros. African tech watchers had seen a similar pattern across the region: Uber pulled out of…
The White House has launched a web page accessible in a browser that features several simple games aimed at promoting the administration’s message.These games are entitled Supply Line, which is centered on sorting school-lunch food, and Trump Savings Tycoon, which is based on the administration’s “Trump Accounts” program.The Tetris Company has pulled back from the other game on the page by saying that it had no involvement and that it takes copyright infringement seriously. One of the six game positions on the page is at the moment left blank, there being a message hinting at future content.This page is the…
Image credit: Kaspersky Cyberattacks on African SMBs are becoming a growing business risk, as new Kaspersky research shows that 82% of small and mid-sized businesses across the Middle East, Türkiye and Africa encountered at least one cybersecurity incident over the past year. The findings, released alongside GITEX Nigeria 2026, suggest that smaller companies can no longer assume they are less attractive targets than large enterprises. According to Kaspersky, only 18% of small and medium-sized businesses (SMBs) surveyed in the Middle East, Türkiye and Africa (META) region avoided a cybersecurity incident during the past year. Globally, the equivalent figure among businesses…
CDG Invest Growth and Mediterrania Capital Partners have acquired a stake in Société Nouvelle des Conduites d’Eau (SNCE). Here are summaries of the most widely read stories from the past week on Africa Private Equity News.1. CDG Invest Growth and Mediterrania Capital Partners invest in Morocco’s SNCECDG Invest Growth and Mediterrania Capital Partners have jointly acquired a stake in Société Nouvelle des Conduites d’Eau (SNCE). Founded in 1961, SNCE operates across the water value chain, from pipe manufacturing and installation to infrastructure projects. Read the full articleA MESSAGE FROM OUR SUPPORTERSSAVCA VC Conference 2026: The AI era is here. Are…
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In brief Four more long-dormant Bitcoin wallets awakened between Aug. 29 and Sept. 4, moving a combined 202.84 BTC (~$15.73 million), per Galaxy Research—led by a 146.06 BTC stash ($11.31M) untouched since 2013. The 2011-era coins carried astronomical gains, including a 40 BTC wallet up over 2.5 million percent; one 6.78 BTC transfer was tagged with a Coinbase recipient attribution, typically signaling intent to sell. The moves extend a summer-long trend, following an earlier wave that shifted roughly $40 million in 10 days, with several wallets carrying “Noah Doe” lawsuit tags. The parade of long-dormant Bitcoin wallets springing back to…
Africa is rapidly accelerating its adoption of artificial intelligence, yet a quiet geopolitical battle is unfolding over where the physical brains of this revolution will reside. The continent faces a stark choice: build sovereign compute infrastructure or accept a new era of digital dependency wrapped in convenience. While global technology giants firmly plant their data centres in established hubs like Cape Town, nations like Mozambique are aggressively pushing back against the narrative that they should merely consume foreign models. On the sidelines of GITEX Nigeria, Professor Lourino Chemane, President of the Board of Directors of the National Institute of Information…
Whenever my Windows laptop starts lagging or an app freezes, my immediate instinct is to open Task Manager. I know I’m not alone. Task Manager has been a core Windows staple for decades. It gives you a quick snapshot of system resources, lets you force-close unresponsive apps, and manages startup programs. But Microsoft actually maintains a second “Task Manager” that does all of that — and much more — for free. In fact, it’s been available for nearly 25 years. It’s called Process Explorer, and once you start using it, standard Task Manager quickly begins to feel lightweight by comparison.…
** For the best experience, download the free Africa Private Equity News app Android | iOS **CDG Invest Growth, through its Capmezzanine V fund, has acquired a minority stake in Innoflex Group, a manufacturer and distributor of foam and mattress products in Morocco.Founded by Mohamed El Yacoubi, Innoflex Group has developed into an established player in its sector. The group currently employs approximately 450 people and operates two industrial facilities in Morocco.The investment will support Innoflex Group’s next phase of development. This will include strengthening its industrial capacity and supporting its medium- and long-term growth.The transaction was completed in June…
— As Ex-VP Remains Behind Bars The detention of former Vice President Jewel Howard-Taylor has triggered sharply divided reactions in Bong County, where residents and political actors are debating whether the former county senator is being fairly treated or should face the judicial process like any other person accused of a crime. Howard-Taylor is being held at the Monrovia Central Prison while facing drug-related and other criminal charges brought against her by the Liberian government. Follow us on WhatsApp | LinkedIn for the latest headlines Her detention comes amid an ongoing investigation into alleged transnational drug trafficking following major cocaine…