Author: Elan

ratings rift A few months after cutting ties with Fitch Ratings, which had downgraded it to speculative grade, Afreximbank has secured a far more favourable rating from S&P Global Ratings. The move has reopened the debate over how western agencies assess African risk. By Alix Lavoué Since taking office as president of Afreximbank in June 2025, George Elombi has launched a series of initiatives to convince the markets of the bank’s sound business model. © rights reserved Published on June 15, 2026 at 14:00 pm (GMT +1) In January, the pan-African bank made its break with Fitch official after the…

As Africa positions itself for decades of economic expansion, a new generation of Nigerian professionals in the diaspora is preparing to play a defining role in shaping the continent’s future. Drawn from the MBA Class of 2026 at the Rotman School of Management, University of Toronto, these nine Nigerians represent a growing pool of globally trained professionals who are acquiring world-class expertise in finance, investment, healthcare, technology, strategy and business leadership, with a common ambition of contributing to Africa’s development. Their stories reflect a broader trend in which members of Nigeria’s diaspora are moving beyond remittances to build institutions, unlock…

Ghana International Bank announces Ian Greenstreet as its new Chief Executive Officer – African Business Ghana International Bank announces Ian Greenstreet as its new Chief Executive Officer – African Business

TikTok is quickly becoming a platform for sports lovers in Nigeria, as data has shown that 59 per cent of Nigeria’s 47.8 million users follow football on the platform. This was disclosed during the #SportsOnTikTok mixer held in Lagos on Friday. This comes even as the company says it is becoming a core viewing destination for sports, with users watching a live game on TikTok while simultaneously scrolling through the platform so they want to see what other people are saying about the game. Speaking about this, TikTok Head of Communications for Sub-Saharan Africa, Keagile Makgoba, pointed out that the…

Samsung updates its software support chart monthly. Each update can quietly drop a phone from the list, meaning that the device will no longer receive security patches. In June 2026, only one Samsung phone lost its software support: the Galaxy M53 5G. Every other device on the May chart carried over unchanged. If you own a Galaxy M53 5G or you are thinking of buying one secondhand, here is everything you need to know. Galaxy M53 5G: The phone that lost software support The Galaxy M53 5G was removed from Samsung’s quarterly security update row in June 2026. According to…

Andy Walker / Android AuthorityGoogle News is easily one of the most popular news aggregators on the planet, with more than a billion Android downloads and over 100 million monthly visits to its web platform. With aggregated content from over 20,000 publishers, there’s a lot to love about Google News. Of course, there’s also plenty to complain about.I personally use Google News as my go-to source, but I certainly wish a few things were handled a little differently. With that in mind, here are five features I think Google News desperately needs to add. Is there any new feature you’d…

A new global Kaspersky Security Services report ‘Anatomy of a Cyber World’* reveals a blind spot in enterprise Security Operations Centers (SOCs): while performance is typically measured by detection and response speed, organisations rarely assess whether they’re detecting the right threats. Large portions of collected telemetry don’t enter real-time detection pipelines, creating hidden gaps that internal assessments tend to miss – and fuelling demand for independent SOC Consulting to uncover them. As organisations continue to invest in SOCs, measuring the real performance of these departments remains a challenge. Operational effectiveness depends not only on the volume of collected data, but…

A Tiger Wheel & Tyre outlet. The retail chain’s parent company, TiAuto Investments, is being sold by Carlyle and Old Mutual Private Equity to Japan’s Marubeni Corporation.** For the best experience, download the free Africa Private Equity News app Android | iOS **A MESSAGE FROM OUR SUPPORTERSPwC: Think big. Plan smart. Grow fast – The power of strategic acquisitionsHow PwC Deals supports clients in their decision-making process to drive both organic and inorganic growth. Read moreHere are summaries of the five most widely read stories the past week on Africa Private Equity News.1. Carlyle and Old Mutual Private Equity exit…

Alexis Caude Interview with Alexis Caude MANAGING PARTNER, ADENIA PARTNERS Lives in: Mauritius Before becoming an investor in Africa, French-born Alexis Caude was a successful entrepreneur. At age 36, he was in a position to retire after selling his online publishing business, but went on to start several other companies. He eventually moved to Mauritius and became a managing partner of Africa-focused investment firm Adenia Partners. How we made it in Africa editor-in-chief Jaco Maritz spoke to Caude about his entrepreneurship journey, his investment successes on the continent, and how he manages his personal money. In 1999, Alexis Caude launched…

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