Author: Elan
Africa’s Young Disruptors: Gambia’s climate activist advising the UN – African Business Africa’s Young Disruptors: Gambia’s climate activist advising the UN – African Business
In brief Gemini 3.7 Flash built a playable browser game from a single prompt in 2 minutes and 13 seconds, a task Gemini 3.6 Flash failed outright three weeks earlier. It failed our bridge logic puzzle with the same wrong answer as Claude Fable 5, and stopped short of actually calculating the math problem it correctly set up. The model runs at 75 cents per million input tokens through December 31, half of 3.6 Flash’s rate, before doubling to $1.50 on January 1. Google shipped Gemini 3.7 Flash on August 13, generally available in more than 160 countries on day…
MTN Nigeria has acknowledged that the daily data usage SMS report experienced a temporary glitch during the week, leading to incorrect figures for subscribers. The clarification comes amid ongoing outrage over data depletion claims. According to a newsletter update by the leading telecoms operator on Friday evening, the company explained that the temporary glitch caused the system to incorrectly display the figures. MTN noted that it calculated the data usage based on gigabytes (GB) instead of megabytes (MB). “Earlier this week, some subscribers noticed discrepancies in the data usage figures displayed in their SMS usage reports,” MTN said in the…
Similar to how practically everything in the world is getting more expensive with every passing day, the cost associated with being a student has risen too. Tuition has gotten more expensive, higher gas prices make commuting pricier, and even the little expenses you barely think about can add up surprisingly quickly over a semester. Then there are software subscriptions. Note-taking apps, AI platforms, coding tools, presentation software, and even the services you use to unwind after class all seem to want a monthly fee now. Add a few of them together, and you can easily end up spending far more…
By Phillip de Vos, Precinct Manager, Waterfall City South Africa’s urban landscape is changing rapidly. Mixed-use precincts are becoming increasingly important as places where people live, work, shop and socialise in close proximity. As these environments become denser and more interconnected, safety can no longer be treated as a separate consideration or delegated solely to perimeter security. It must be embedded into the design, management and operation of urban spaces from the outset. Late one afternoon, a woman stood alone at a bus stop in Waterfall City. A man approached and began asking questions that made her feel uncomfortable. Within…
Cairo, EgyptHere are summaries of the most widely read stories from the past week on Africa Private Equity News.1. SPE Capital, Tanmiya Capital Ventures and others exit Egypt’s TamweelyA consortium comprising SPE Capital, Tanmiya Capital Ventures, the European Bank for Reconstruction and Development and British International Investment has agreed to sell Tamweely to e-Finance for Digital and Financial Investments. Tamweely is an Egypt-based non-bank financial services company that provides financing and related services to micro, small and medium-sized enterprises. Read the full articleA MESSAGE FROM OUR SUPPORTERSITL: Strengthening our Japan presence with new appointmentsAs Japanese investors and corporations increasingly turn…
Moove, a Nigerian-born mobility company, has joined Africa’s growing list of unicorns after raising $250 million in a Series C funding round that valued the company at $2.1 billion. The funding round, led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s growth fund, and Ion Pacific, marks a significant increase from Moove’s last disclosed valuation of $750 million in 2024. According to Africa: The Big Deal, Moove’s new valuation places it among the three most valuable African private technology companies with recently disclosed valuations, behind fintech companies, Flutterwave at $3.2 billion and OPay at $3.1 billion. Founded in…
Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $38 per month Join now for $435 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and the investment firms and executives involved Portfolio company news that impacts value and stakeholder participation Job moves and partnerships between leading market participants Exclusive access to Africa Capital Digest’s full content archive If you’d like more information on exceptional value group subscriptions for your colleagues…
President Donald Trump and the heads of the SEC and CFTC are expected to meet crypto and prediction-market executives at the White House next week as the industry’s biggest legislative priority faces dwindling odds of becoming law this year.According to reports, the Aug. 19 gathering is expected to include executives from Coinbase, Andreessen Horowitz, Ripple, Chainlink, Kalshi and Paradigm, along with representatives from the Digital Chamber. Executives from Kraken, Gemini, the New York Stock Exchange and Nasdaq have also been invited.Trump and Commodity Futures Trading Commission (CFTC) Chair Michael Selig are among those expected to participate, while Securities and Exchange…
In 2026, South Africa has taken a harder stance against undocumented immigration, stepping up workplace inspections and putting greater pressure on employers who hire foreign nationals without valid work authorisation. On May 21, Home Affairs Minister Leon Schreiber told Parliament that 8,180 employers had been charged over the previous five years for employing foreign nationals without valid work permits. “Enforcement measures implemented to strengthen compliance with immigration laws include interventions and disruptions through inspections that are intelligence-driven, as well as rapid responses [to] reported incidents that require operations/inspections,” Schreiber said in response to a parliament question from Mnqobi Msezane. He…