Author: Elan
The Continent’s First Institutional Venture Studio + Fund Capital Raise, Backed by 54 Investors — including 25 Founders and 14 African Investors Delta40 today announced $20 million in funding secured to support its integrated Venture Studio and Fund. The milestone marks Africa’s first institutional raise linking venture building and early-stage capital, merging investment with hands-on studio support from experienced operators to build and scale startups across the continent. Delta40 brings together 54 investors from 13 countries—spanning global institutions, high-net-worth individuals, development finance institutions (DFIs), family offices, and foundations. Notably, the raise includes investors from across Africa to Silicon Valley, including 25 Founders, creating a “founders backing founders”…
Wimbart, an award-winning public relations agency specialising in business and technology sectors across Africa and emerging markets, has launched Wimbart Lite, a dedicated service designed specifically for pre-seed and early-stage startups. The new division will be led by Maria Adediran, Associate Director and founding team member, who has been appointed as Head of Wimbart Lite, the public relations firm stated in an email on Monday. Having navigated some of the continent’s most complex news cycles for nearly a decade, Wimbart has built a strong reputation across African markets, including Nigeria, Kenya, South Africa, and Egypt. As Africa’s technology ecosystem matures,…
Digital reforms can help Africa shed ‘distressed continent’ tag – African Business Digital reforms can help Africa shed ‘distressed continent’ tag – African Business
In brief Mike Novogratz declared the “age of speculation” in crypto is over, shifting to real-world asset tokenization. Galaxy is launching a $100 million hedge fund with 30% crypto exposure, 70% in financial services stocks. An October 2025 flash crash wiped $19 billion in derivatives, leaving a lasting impact on market narratives. The “age of speculation” that captivated crypto traders is ending, Galaxy CEO Mike Novogratz told CNBC in an interview Tuesday.Instead, he told the news outlet the market is “going to be transposed or replaced by us using these same rails, these crypto rails, to bring banking [and] financial…
Jumia’s international sales, largely driven by China, grew 82% in the fourth quarter of 2025, according to its financial results, as the e-commerce giant strengthens its 2027 profitability strategy. After more than a decade of losses, Jumia has shifted its business model from chasing Africa’s aspirational middle class to repositioning itself for Africa’s lower-middle-income consumers, where 85% of the population lives on less than $5.50 a day, according to the World Bank. The company is rebuilding its business around affordability and mass-market volume, using Chinese supply chains as the engine, with a simple bet: cheaper goods move faster, generate more…
Cordless power tools come in a wide variety of types and colors, and you’ve likely heard that many of your favorite brands are made or owned by the same large company. Yes, one company owns both Ryobi and Milwaukee, but that doesn’t mean they’re the same. Two of the most popular power tool brands in the United States are Ryobi and Milwaukee, along with DeWALT and a few others. Milwaukee is obviously one of the biggest names around, and Ryobi is extremely popular with casual users and the DIY crowd due to its affordability. Are these tool brands made in…
Maame Tutua Dadson, managing partner at Stafford Law (left); and Amma A. Gyampo, chief executive officer at Ghana Venture Capital & Private Equity Association** For the best experience, download the free Africa Private Equity News app Android | iOS **By Maame Tutua Dadson, managing partner at Stafford Law; and Amma A. Gyampo, chief executive officer at Ghana Venture Capital & Private Equity AssociationWith over US$700 billion in domestic pension, insurance, and long-term savings, Africa has no shortage of capital. The real question is why so much of it sits in low-yield government instruments or flows offshore instead of being deployed…
Seaton Estates is a residential coastal development located on the North Coast of Kwa-Zulu Natal, South Africa.** For the best experience, download the free Africa Private Equity News app Android | iOS **Vantage Capital, Africa’s largest mezzanine debt fund manager, has fully exited its investment in Seaton Estates, a residential coastal development located on the North Coast of Kwa-Zulu Natal, South Africa. The promoter of Seaton is Collins Residential, the residential arm of a diversified group with interests in the real estate, hospitality, and agricultural sectors, both in South Africa and internationally.Vantage first invested in Seaton in January 2022 by…
Yinka Atunde Interview with Yinka AtundeFOUNDER and CEO, YIKODEEN Lives in: Lagos, Nigeria ** Due to technical difficulties, this story unfortunately doesn’t have accompanying video or audio.** In 2016, Yinka Atunde established the Nigerian footwear manufacturer Yikodeen. Although the company began by making fashion shoes, it has since carved out a niche in industrial safety boots and footwear for the security services. Starting out in the footwear game Atunde studied computer science at Babcock University in Nigeria, graduating in 2014. However, he sought a different path, drawn instead to design and the artistic process. It was this interest that eventually…
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