Author: Elan

Following reports that Kenyan authorities have ordered ride-hailing companies to effect a 50 per cent increase in fares, Bolt, a leading ride-hailing company in the country, has said that it remains committed to balancing the earnings of drivers with affordability for the riders. Senior General Manager of Rides in East Africa, Dimmy Kanyankole, disclosed this in a statement to Technext. Acknowledging the reported price increment as a government recommendation, Kanyankole said the company is actively engaging with all relevant stakeholders, including government authorities, rider and driver representatives, to ensure that its own considerations reflect the collective needs and interests of…

Monrovia — Members of the Liberian Senate have demanded the original signed copies of the offshore oil agreements between the government of Liberia, Atals Oranto Petroleum, and French-based oil giant TotalEnergies. Both offshore agreements are currently awaiting Senate approval and cover four blocks for each company. Senators expressed concern after discovering that the documents presented to them were unsigned and contained various discrepancies. Follow us on WhatsApp | LinkedIn for the latest headlines Maryland County Senator J. Gbleh-bo Brown was particularly vocal, questioning representatives from the government, including the Ministries of Justice, Finance and Development Planning, and Mines and Energy,…

Pilot framework aims to ease cross-border capital flows while retaining jobs and IP locally.A new regulatory initiative designed to unlock international investment for South African startups was unveiled at the SA Venture Capital and Private Equity Association’s (Savca) Venture Capital Conference.The framework introduces a regulatory sandbox to help qualifying startups raise offshore capital while keeping operations and intellectual property (IP) in South Africa.“The sandbox is designed to give startups a faster, legally compliant pathway to structure offshore IP while retaining jobs and headquarters locally,” said Safeera Mayet, Savca’s head of policy and regulatory affairs. The initiative is expected to address…

Isha Doshi, partner at TLG Capital** For the best experience, download the free Africa Private Equity News app Android | iOS **This week, TLG Capital and IDP Foundation executed a $5 million facility to invest in Jackfruit Network, an SME based in Kenya which offers loans to low-cost private schools.The facility brought together TLG, which provided the commercial capital, and IDP Foundation, which provided a Morgan Stanley bank guarantee. In a regional first in transaction structuring, IDP Foundation used the balance sheet of its endowment as a guarantee.“The way that businesses like us scale is through debt,” said Rob Alhadeff,…

Monrovia — Tingbah, who took over as minister on Friday, November 21, assures total reform, outlined under three pillars, efficiency, transparency, and inclusive growth, guided by humanity, will push the modernization of the Liberian mineral sector to a standard. According to him, Liberia’s mineral sector is one of the strongest levers for economic growth and has contributed significantly to the country’s GDP; as such, decisions taken, policies crafted, and a system built will determine how the country transforms natural wealth into human and national development. Tingbah emphasized top priorities, including finalizing and implementing new mineral laws and revising expiration and…

Pilot framework aims to ease cross-border capital flows while retaining jobs and IP locally.A new regulatory initiative designed to unlock international investment for South African startups was unveiled at the SA Venture Capital and Private Equity Association’s (Savca) Venture Capital Conference.The framework introduces a regulatory sandbox to help qualifying startups raise offshore capital while keeping operations and intellectual property (IP) in South Africa.“The sandbox is designed to give startups a faster, legally compliant pathway to structure offshore IP while retaining jobs and headquarters locally,” said Safeera Mayet, Savca’s head of policy and regulatory affairs. The initiative is expected to address…

Dr Kevin Kariuki, vice-president for power, energy, climate change and green growth at the African Development Bank** For the best experience, download the free Africa Private Equity News app Android | iOS **The African Development Bank Group’s Sustainable Energy Fund for Africa (SEFA) has secured new investment commitments totalling nearly €50 million.The commitments, made by the governments of Germany and Italy, were announced at a COP30 side event held at the Africa Pavilion on 14 November. Germany committed €14 million to support SEFA’s universal energy access goal, and €30 million for the new SEFA green hydrogen programme, reflecting the strategic…

IN SHORT: According to a post on Facebook, US president Donald Trump said he was considering granting Biafra its independence to end insecurity in Nigeria. But there is no evidence to support the claim. US president Donald Trump said he was considering granting Biafra its independence to bring an end to the insecurity in Nigeria. That’s according to a post circulating on Facebook in November 2025. Biafra is a region in southeastern Nigeria. Its secession in May 1967 sparked a 30-month civil war. When the war ended in January 1970, Biafra was reabsorbed into Nigeria. Follow us on WhatsApp |…

Pilot framework aims to ease cross-border capital flows while retaining jobs and IP locally.A new regulatory initiative designed to unlock international investment for South African startups was unveiled at the SA Venture Capital and Private Equity Association’s (Savca) Venture Capital Conference.The framework introduces a regulatory sandbox to help qualifying startups raise offshore capital while keeping operations and intellectual property (IP) in South Africa.“The sandbox is designed to give startups a faster, legally compliant pathway to structure offshore IP while retaining jobs and headquarters locally,” said Safeera Mayet, Savca’s head of policy and regulatory affairs. The initiative is expected to address…

** For the best experience, download the free Africa Private Equity News app Android | iOS **A MESSAGE FROM OUR SUPPORTERSSouth Africa is on the brink of one of its most meaningful shifts in venture capital policy to date. Read moreHere are summaries of the five most widely read stories the past week on Africa Private Equity News.1. Growth Investment Partners Zambia makes first investmentGrowth Investment Partners Zambia has announced its first investment in Boxpack Zambia.This inaugural investment is a $5 million, seven-year royalty funding which will enable Boxpack, a family-owned manufacturer of corrugated carton boxes and paper-based packaging materials,…