Author: Elan

Chris Chijiutomi, managing director and head of Africa, BIIBritish International Investment (BII), the UK’s development finance institution and impact investor, has launched its new five-year strategy, with the aim to drive £9 billion of new capital into Africa to support economic growth. A central pillar of the strategy is a focus on accelerating the flow of private capital into African countries. Of the £9 billion, BII will contribute nearly £5 billion, with the balance expected to come from private institutions in Africa and globally.BII also announced that it will enhance its commitment to frontier markets – those identified by the…

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Make CryptoSlate preferred on The 10 largest AI stocks now make up about 41% of the S&P 500, according to a BofA Global Research chart circulated online.That puts the AI basket at the same concentration level that tech and telecom reached around the dot-com peak. The BofA chart put the Nifty Fifty at 40% in the 1970s and Japan at 44% in the late 1980s.The comparison turns a stock-market concentration warning into a stress test for a corner of crypto that has spent the past year selling investors a new identity.The market concentration is the stress trigger. Miner disclosures and…

Infinix has officially launched the NOTE 60 Ultra in Nigeria, reinforcing its strategic push into the premium smartphone segment through a series of high-impact partnerships spanning design, technology, and retail. The launch event brought together key stakeholders, industry leaders, media, and consumers to experience the device firsthand, highlighting the brand’s commitment to delivering world-class innovation tailored to the Nigerian market. The Infinix NOTE 60 Ultra on display at its official launch event in Nigeria Providing a unique perspective on the device’s design, Crank, Head of Auto at 234 Drive, highlighted the supercar-inspired elements that define the NOTE 60 Ultra. Drawing parallels between high-performance…

Firefox 151, set to be released on May 19, will include a new feature that allows users to select server locations within the browser’s built-in VPN, according to Soren Hentzschel. This change addresses a significant limitation of the feature since its initial launch, which lacked an option to choose the country through which traffic is routed.At launch, supported server locations will include the United States, the United Kingdom, France, Canada, and Germany. Firefox has not confirmed whether more countries will be added in future updates.What’s New for the Built-In VPN in Firefox 151The built-in Firefox VPN masks IP addresses and…

Nairobi, Kenya** For the best experience, download the free Africa Private Equity News app Android | iOS **Proparco has invested $5 million in Novastar Ventures’ Africa People and Planet Fund III, which has reached a final close of $147 million.The fund targets companies that improve access to essential goods and services for everyday consumers, producers, and employees, while generating significant environmental impact — notably by reducing and avoiding greenhouse gas emissions, improving soil health, and enhancing biodiversity.“At Proparco, we believe that venture capital is a vital tool for driving the green transition in Africa. Our $5 million commitment to Novastar’s…

IN SHORT: A quote attributed to Kenyan president William Ruto, dismissing the Kisii community’s contribution in elections, has gone viral. However, the graphics with the quote have been fabricated, and there is no evidence Ruto said any such thing. Graphics doing the rounds on social media attribute a controversial quote to Kenyan president William Ruto. In the quote, Ruto appears to dismiss the Kisii community as too small to make an impact on his reelection in 2027. Keep up with the latest headlines on WhatsApp | LinkedIn “Wakisii Tukura twenu ni tudogo! Lakini mutanipea tu nijazilie zangu mingi ndio musione…

Speedinvest, the Vienna VC firm, opened its first dedicated MEA fund last week, anchored by EIB Global, Mubadala and Qatar Investment Authority EIB Global committed €40 million to a vehicle targeting €200 million, designed to back Series A and B startups across Africa and the Middle East The fund routes Gulf and European capital into African tech at a time when global MEA venture fundraising has slowed for two consecutive years Speedinvest GmbH, the Vienna-based venture-capital firm with about €1.4 billion in assets under management, launched its first flagship fund dedicated to the Middle East and…

Parliament’s Public Accounts Committee (PAC) is moving to cite Yusuf Investments Limited for contempt after its chairperson, Shiraz Yusuf, abruptly walked out of proceedings when denied a request for a closed-door hearing. The standoff erupted during a high-stakes inquiry into the controversial sale of the Amaryllis Hotel to the Public Service Pension Trust Fund–a deal that has put millions in pension savings under the spotlight. PAC Vice-Chairperson Hon. Tulinje Muluzi said the Committee had summoned the company to answer critical questions about the transaction, including how the purchase price evolved and how funds were handled. “We needed the seller’s account…

Canaan (CAN) has secured an additional order from Tether for custom Bitcoin mining hardware, extending their collaboration beyond an earlier research and development effort that tested new system designs for large-scale mining.Under the new order, Canaan will supply high-density hash board modules designed for immersion-cooled systems, with usage planned at a Tether-linked facility in South America, the crypto mining tech maker announced on Tuesday. Canaan is supplying these systems to deepen its role as a custom hardware provider for large-scale operators such as Tether. The agreement follows a 2025 R&D partnership with ACME Swisstech, which resulted in a proof-of-concept platform to…