Author: Elan

But the ride-hailing company said the decision to exit Nigeria is unrelated to the recent FAAN directive concerning e-hailing operations at Nigerian airports. Ride-hailing company Uber has announced plans to discontinue its operations in Nigeria and Uganda effective 2 September, citing a review of its evolving business priorities and investment focus across Africa. Uber disclosed its decision to exit Nigeria and Uganda in a statement made available to PREMIUM TIMES on Wednesday, noting that this does not affect its operations in other African markets. Follow us on WhatsApp | LinkedIn for the latest headlines Uber’s departure came weeks after controversy…

Peer-to-peer (P2P) cryptocurrency traders and over-the-counter (OTC) dealers say Nigeria’s new virtual asset tax framework—which mandates a 1.5% stamp duty charge on digital assets—risks raising trading costs and potentially driving activity away from regulated exchanges and into less visible channels. Joshua Adedeji, a Nigerian OTC bulk trader who said he processes about $500,000 worth of USDT—a dollar-backed stablecoin—weekly on cryptocurrency exchange Bybit, said the tax cost is far higher than his existing operating costs. “Transfer charges were my biggest transaction costs before,” Adedeji said. “Now, stamp duty and other taxes [will account for] much higher costs, because the higher percentage…

When Steve Jobs handed the keys to Cupertino to his chief operating officer in August 2011, the global financial press quietly began drafting the company obituary. The prevailing narrative dictated that without its founder’s reality distortion field, the iPhone maker would inevitably stagnate. It was widely treated as a fragile, one-man creation. Tim Cook ignored the noise. He did not attempt to replicate his predecessor’s cinematic product launches or visionary zeal. He built a global operation so ruthlessly efficient and sprawling that it redefined the upper limits of corporate power. Today marks a definitive shift in Silicon Valley history. Cook…

Activision has released a video that shows a legal representative serving cease-and-desist papers to Elocarry, a well-known Call of Duty cheat seller. The video, posted on the official Call of Duty account, shows the representative arriving at Elocarry’s house in Ohio with the documents.According to Activision, the company has disrupted over 375 cheat reseller operations, served more than 80 cease-and-desist notices, and shut down more than 30 vendors. Activision says it is ready to take cheat developers and sellers to court if necessary.Elocarry does not react strongly during the brief exchange.Elocarry’s Call of Duty Cheats and Activision’s Anti-Cheat CrackdownElocarry’s website…

vanishing vice The abrupt resignation of Tanzanian Vice President Emmanuel Nchimbi, coupled with his swift expulsion from the ruling CCM party and potential treason charges, signals the rapid erosion of political tolerance across both government and opposition lines. By Honoré Banda Tanzania’s President Samia Suluhu Hassan and Vice President Emmanuel Nchimbi attend the inauguration of the 2,115MW hydropower project at the Julius Nyerere Hydropower Station at the Rufiji River, eastern Tanzania, 22 August 2026. © Emmanuel Herman/REUTERS Published on September 01, 2026 at 17:30 pm (GMT +1) As public debate about Tanzania President Samia Suluhu Hassan’s intolerance of criticism intensifies,…

Listen to this article Tokyo is redefining its engagement with Africa, transitioning from traditional aid-based approaches to strategic venture capital (VC) investments focused on long-term partnerships, innovation and capacity building. Several Japanese private companies are making Japan’s presence felt in Africa’s VC landscape, particularly in high-growth sectors such as fintech, climate tech and mobility. Growing demand for innovative, technology-driven solutions in Africa has drawn increasing interest from international investors. VC funding in Africa rose from over US$2 billion in 2019 to a peak of US$5.2 billion in 2022. Though investment declined to around US$3.6 billion in 2023, the continent’s start-up…

Earlier this year, I pondered what the African tech industry would look like in the next 10 years.  For much of the past decade, the story was about possibility. Could Africa really become a serious player in the global tech ecosystem? Could African founders build companies that travelled beyond the continent’s borders? Was there enough talent to sustain it all? Today, the story reads differently. Africa’s startup ecosystem has matured significantly, with companies serving millions of customers, expanding across borders and increasingly building products and services that compete in global markets. That progress has not come without turbulence. The funding…

Will South African xenophobia derail the drive for continental unity? – African Business Will South African xenophobia derail the drive for continental unity? – African Business

In brief Strive bought another 1,800 BTC for roughly $143 million at an average price of $79,431 per coin, raising its total holdings to 23,156 BTC, worth about $1.76 billion, CEO Matt Cole said. The purchase extends an aggressive accumulation strategy for the firm, which trades as ASST after merging with Asset Entities.. It lands amid renewed sector buying: Strategy broke a two-month pause with a $370 million purchase, and Bitmine made its largest Ethereum buy since June. Strive is continuing to stack Bitcoin, snapping up another 1,800 BTC worth roughly $143 million as the asset manager expands one of…

For South African startups, getting customers is only half the battle. Even after people start paying for their products, raising enough money to grow can remain difficult. That is the funding gap Mamor Capital Ventures wants to target with its first venture capital fund. The black women-owned and managed firm has raised R300 million ($18.8 million) in the first close of its inaugural fund, with the Public Investment Corporation (PIC), South Africa’s largest asset manager, as its anchor investor.  Mamor is still raising towards its R550 million ($34.375 million) target and says it will invest in South African technology companies…