Author: Elan

During this morning’s 35th Forum of the African Peer Review Mechanism that was convened on the sidelines of the AU Summit, the Chairperson of the AU Commission, H.E. @ymahmoudali reaffirmed that governance remains the cornerstone of peace, resilience & inclusive growth under Agenda 2063. He underscored that the APRM’s voluntary, peer-based model strengthens accountability, institutional reform & shared learning, thereby advancing Africa’s collective commitment to democratic principles, economic transformation & sustainable development.

GHANA Water Limited (GWL) has launched a Field Debt Recovery and Digital Payment Sensitisation initiative, deploying 200 National Service Personnel to help recover outstanding customer arrears and promote electronic payment systems across the country. The programme, unveiled in Accra yesterday, forms part of the company’s broader strategy to improve revenue mobilisation, reduce commercial losses and strengthen customer engagement in its operational areas. The Managing Director of GWL, Mr Adam Mutawakilu, said the intervention had become necessary as the company grappled with mounting arrears of GH¢866 million as of December 31, 2025. Out of the total debt, GH¢551 million representing 63…

More than a year since Nigeria’s Securities and Exchange Commission (SEC) issued its first provisional crypto licences under its regulatory sandbox programme, the regulator has yet to move to the next phase of approvals. Only two crypto exchanges, Quidax and Busha, received provisional licences in August 2024, despite earlier promises to transition them into full regulatory regimes within a year. “We’ve been actively engaging with the SEC in recent weeks as part of the transition process toward full licencing,” Busha told TechCabal in an emailed response. “As with the earlier provisional phase, we appreciate the [SEC’s] thoroughness and rigour at…

Acquisitions are on the table for Redtech Ltd as the fintech plans an expansion drive that will see it enter 29 African countries by 2027. The Lagos-based payments company, backed by Heirs Holdings, is positioning itself for continental scale following a breakout 2025 financial year in which it processed ₦30 trillion ($20.6 billion) in transactions, more than double the ₦12 trillion ($8.2 billion) recorded in 2024. Speaking in an interview with Techpoint Africa, CEO Emmanuel Ojo confirmed that mergers and acquisitions are part of Redtech’s expansion playbook.  “It’s all on the table,” he said when asked whether acquisitions could feature…

The most highly-anticipated audio launch of 2026 is here: Sony’s WF-1000XM6 earbuds are official, and I’ve been testing them for the past two weeks. The upgrades include a redesigned audio driver, one extra microphone per earbud, a more powerful QN3e processor, and a completely new look. A lot has changed from the WF-1000XM5, and it’s mostly for the better. There were a few items on my wishlist Sony didn’t hit, such as Qualcomm aptX support and longer battery life, but the company seemingly covered the rest of the upgrades I hoped for. The redesign is a huge success for Sony,…

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…