Author: Elan

Mogadishu — The Somali Future Council congratulated Somalis on the 66th anniversary of the country’s independence and unification, while warning that Somalia continues to face deepening political and security challenges. In a statement marking July 1, the council paid tribute to the struggle that led to the independence of the former British and Italian territories and the creation of the Somali Republic in 1960. The group said Somalia remained confronted by political disputes, social divisions and constitutional disagreements, accusing the federal government led by President Hassan Sheikh Mohamud of exacerbating those challenges. The council also expressed concern over what it…

Africa’s next phase of economic transformation will depend less on the availability of capital and more on how effectively that capital is deployed, according to Marsha Wulff, co-founder of Lofty Inc. Capital Management.Delivering the keynote address at the 2026 Ghana Venture Capital and Private Equity Association (GVCA) Annual Industry Conference in Accra, she said investors must move beyond traditional risk frameworks and embrace a more entrepreneurial approach to financing innovation.“The job of an investor is to anticipate the future. If you live long enough, you begin to understand cycles,” she said.The conference convened more than 450 participants, including investors, policymakers,…

Botswana Minerals says AI found copper clues in old drill cores first drilled for uranium and diamonds. The company says the tool reviewed decades of scattered geological reports in days, helping teams focus their next fieldwork. AI has helped Botswana Minerals turn more than 50 years of old drilling records into a fresh copper hunt under the Kalahari. The company says an AI-driven review found signs of copper in historic drill cores that were first drilled during searches for uranium and diamonds. Follow us on WhatsApp | LinkedIn for the latest headlines Botswana Minerals said the tool reviewed more than…

Latest NewsPublishedJun 30, 2026The project, supported by Visa, Mastercard and many crypto companies, could be in a position to challenge Tether’s USDT and Circle’s USDC, currently the two largest stablecoins by market capitalization.More than 140 companies have signed onto a US dollar-pegged stablecoin project that allows them to “receive all of the earnings” from its reserves.In a Tuesday notice, Open Standard said it was launching the Open USD (OUSD) stablecoin, a US dollar-pegged coin supported by financial companies including Visa and Mastercard, as well as crypto companies Coinbase, Ripple, OKX and Bybit. The project will allow businesses to mint OUSD…

SIM-swap fraud has been a persistent problem in Nigeria, and although numerous measures have been put in place to address it, the search for a viable solution continues. Between 2019 and 2023, Nigerians reportedly lost about ₦12.5 billion to telecom-related financial crimes, according to the Nigeria Communications Commission (NCC). These crimes are usually perpetrated through a combination of SIM-swap fraud and other social engineering practices. MTN Nigeria says it has a solution to the niggling SIM-swap fraud, but banks and their customers must pay the telcos to build a security layer. Understanding SIM-swap fraud and how it works There are…

is fewer tokens than , so absent a constraint, the model takes the cheap path.Here’s the thing about AI-generated UI: it’s inaccessible by default. Not occasionally — by default. A developer writing in Frontend Masters tested AI-generated React components across multiple tools and documented the pattern. A typical AI-generated sidebar had ten distinct accessibility failures in twenty-nine lines: no landmark, no heading, no list structure, elements with click handlers instead of buttons, no aria-expanded, no keyboard handling, and unlabeled icons. The accessibility tree — the structure screen readers actually read — came back as flat, unstructured text. “Same pixels” as…

reserve risk A mid-July payment is the first real signal of whether Ethiopia’s debt overhaul translates into market trust or merely buys time. By Michael Masrie Eyob Tekalign, Ethiopia’s central bank governor © National Bank of Ethiopia Published on June 30, 2026 at 14:55 pm (GMT +1) Ethiopia faces its first concrete repayment test under its restructured Eurobond on 15 July 2026, when the central bank must transfer $180m to bondholders as the first instalment of a deal that reduces the country’s debt from $1bn to $880m. The payment comes at a time when Addis Ababa’s foreign exchange position looks…

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…

How China forged a national market – and what Africa can learn – African Business How China forged a national market – and what Africa can learn – African Business

Nigerian healthtech organisation HelpMum has been selected as one of only two Nigerian companies among 18 grantees for ICONIQ Impact’s newly launched Child Survival Portfolio, a three-year, $100 million philanthropic commitment to close critical gaps in nutrition, immunisation, and frontline health services for children across Sub-Saharan Africa and South Asia. The announcement was made on Thursday, June 25, 2026, by ICONIQ Impact, the collaborative philanthropy platform of global investment firm ICONIQ. The portfolio is anchored by a $100 million commitment from founding donors Rick Moskovitz and Nancy Siegel Moskovitz. It builds on an earlier $65 million catalytic commitment from the…