Author: Elan

Binance CEO Richard Teng has pushed back against a new Wall Street Journal investigation claiming the exchange processed $850 million in transactions tied to a sanctioned Iranian financier, which eventually flowed to Iran’s Islamic Revolutionary Guard Corps.In a Friday post on X, Teng called the reporting “fundamentally inaccurate,” saying that Binance never permitted transactions with sanctioned individuals and that any flagged activity occurred before those individuals were placed under US sanctions. He also claimed Binance had investigated the issues before the Journal contacted the company, and that facts it provided were not included in the story.The Journal’s report, published on…

Nigerians have embraced cryptocurrency enthusiastically, pushing the country to rank 2nd twice and 6th globally in the last three years in Chainalysis’ Geography of Cryptocurrency report global adoption index. The country records billions in annual transaction volumes; yet, converting crypto holdings into everyday naira spending remains a major pain point. Traditional peer-to-peer (P2P) platforms often involve lengthy waits for bank transfers, counterparty risks, scams, price slippage, and high fees. Users frequently encounter unreliable escrow, fluctuating rates, and the hassle of finding trustworthy buyers amid regulatory scrutiny. Local startups have stepped in to fix this. They built platforms that connect crypto wallets straight…

For over a year, I deeply regretted buying my PS5 Pro. Sony’s upgraded machine launched to little fanfare in late 2024, partly because it basically had no new games that took advantage of its beefed-up GPU. Worse, its headline PSSR feature felt woefully undercooked. It’s no wonder I stopped using my PS5 after discovering these Steam Big Picture features. PSSR (PlayStation Spectral Super Resolution) was supposed to be Sony’s answer to Nvidia DLSS. Sadly, the first iteration of this upscaler simply wasn’t up to scratch. PSSR performance was so inconsistent in certain titles, games like Star Wars Jedi: Survivor actually…

** For the best experience, download the free Africa Private Equity News app Android | iOS **Africa GreenCo has announced that Sanlam Alternative Investments has become its first private institutional shareholder. The Sanlam Investments unit invested $10 million for a 10% stake in GreenCo.GreenCo is a renewable energy trader and buyer accelerating the energy transition across the Southern African Power Pool (SAPP). The team of more than 80 professionals operates across Zambia, South Africa, Zimbabwe and Namibia, with licensing underway in the Democratic Republic of Congo.GreenCo combines four capabilities in a single customer-led model: bankable long-term offtake agreements with renewable…

All sitting APC governors secured their party’s tickets for a second term, except Rivers State Governor Siminalayi Fubara, who pulled out of the exercise before it commenced, citing the interests of peace, stability, and unity in the state. The All Progressives Congress (APC) has concluded governorship primary elections across 28 states, producing 23 candidates for the 2027 general elections, as the ruling party navigates a complex web of consensus arrangements, last-minute withdrawals, and logistical setbacks. All sitting APC governors secured their party’s tickets for a second term, except Rivers State Governor Siminalayi Fubara, who pulled out of the exercise before…

In a recent interview with How we made it in Africa, Sango Capital co-founder Richard Okello outlined the countries where he sees the greatest investment potential. Okello points first to Egypt, which he describes as “very intentional about becoming a middle-income country”. A key advantage is its population of some 120 million. For businesses, that means a vast market where they can achieve significant scale without ever crossing a border. Thanks to large-scale recent investment, he expects Egypt to soon eclipse South Africa to become the continent’s biggest economy. The investor is also cautiously optimistic about Nigeria following a series of reforms. Specifically,…

Nairobi — Not long ago, the idea of a retail trader in Nairobi using the same analytical tools as a hedge fund in New York would have seemed far-fetched. That gap is closing quickly. Artificial intelligence has moved from the fringes of financial technology into the everyday trading environment, and Kenyan investors are starting to take notice. Currency trading has always had a certain appeal here. It runs around the clock, requires no physical product, and offers exposure to global economic forces. But the forex market is also brutally unforgiving. With trillions of dollars changing hands every day, prices can…

Telecoms company Airtel Africa has launched a share buyback programme to repurchase up to 1% of its shares. The programme, which runs from May 22 to November 17, is worth at least $50 million. According to an announcement made on Friday via the Nigerian Stock Exchange (NGX), all shares purchased from the investors will be cancelled from their allotments upon the program’s completion. The development is part of the telco’s approach to returning cash to shareholders, central to its capital allocation policy. “The sole purpose of the buyback programme is to reduce the capital of the Company. As such, all…

Africa is experiencing one of the world’s fastest technology expansions.  Over 645 million Africans now use mobile internet. Telecommunication companies generate billions in annual revenue, and digital services have transformed banking,  trade,  and communication. Yet this digital growth has not strengthened citizens’ right to health. Hospitals rely on paper records, clinics lack essential equipment, and emergency response systems remain weak or absent. Africa carries 24% of the world’s disease burden but employs less than 3% of the global health workforce. This gap limits people’s right to live healthy lives. Governments can rectify this imbalance by using existing mobile networks to…

I got into homelabbing because I wanted to host a few game servers for my friends. Over time, I realized that an oversized chunk of my monthly spending was going toward subscriptions, like photo backups, streaming services, and other apps, that I wasn’t using to their maximum potential. I made a concerted point to cut out as many of those services as I could and start self-hosting free, open-source replacements for many of those services instead. These are some of the best to start with. Jellyfin A Plex replacement for your own personal library Credit: David J. Buck / How-To Geek…