Author: Elan

Swahili Honey is the retail brand of Central Park Bees, a Tanzanian business based in Dodoma that aggregates, processes and sells honey sourced from a network of rural smallholder beekeepers. How we made it in Africa editor-in-chief Jaco Maritz spoke to co-founder and CFO Christopher Kadendula to find out more.Topics discussed during the interview include:The basics of beekeepingHow the business was startedFinding international clientsEntrepreneurship lessons learntAgribusiness opportunities in Tanzania and beyond

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Nigeria has launched a regulatory sandbox for virtual asset operators, fintechs, financial institutions, and technology companies, marking the latest step in the country’s push to coordinate oversight of the country’s fast-growing digital finance ecosystem.  The Central Bank of Nigeria (CBN) said on Tuesday that applications for Cohort 2 of its Regulatory Sandbox Programme will open on August 12 and close on August 31. The new programme includes a Virtual Asset Service Provider (VASP) track for companies offering stablecoins, payment and settlement services, custody, wallets, and related financial infrastructure solutions. It also includes a second Data-Enabled Financial Services (Non-VASP) track for…

Following a recent $40 million strategic funding round, stablecoin infrastructure provider Yellow Card is setting its sights on deepening its international footprint and scaling its enterprise financial solutions. Speaking at a media briefing in Lagos on Wednesday, the company’s leadership, led by Lasbery Oludimu, Group Vice President of Operations and Managing Director for Yellow Card Nigeria, and Osaro Jackson, Country Manager and Growth Lead, Yellow Card Nigeria, outlined how the newly injected capital will be deployed. The fresh funding is heavily earmarked to scale Yellow Card’s Global USD Accounts, an end-to-end dollar account solution tailored for corporate entities, while also…

Google has added the Aptoide app store to Google Play, making it the first third-party store available through Google’s own storefront. This change comes after a court ruling in the Epic v.Google case, which required Google to make it easier for users to install apps and games from third-party stores. For now, Aptoide is only available in the US and focuses on gaming. Google Play now includes a dedicated section for third-party stores.Aptoide already had a user base among Android gamers who were comfortable with sideloading. It is now an official alternative to Google Play.Google Play Now Distributes Third-Party App…

Cairo, Egypt** For the best experience, download the free Africa Private Equity News app Android | iOS **A consortium comprising SPE Capital, Tanmiya Capital Ventures (TCV), the European Bank for Reconstruction and Development (EBRD) and British International Investment (BII) 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 (MSMEs).Completion of the transaction remains subject to regulatory approvals.The consortium acquired Tamweely in December 2024. During its ownership, the company opened 45 new branches, taking its network to more than…

Today, U.S. Senators Jeanne Shaheen (D-NH), Ranking Member of the Senate Foreign Relations Committee,  Cory Booker (D-NJ), Ranking Member of the Subcommittee on Africa & Global Health Policy, Jeff Merkley (D-OR) and Chris Van Hollen (D-MD) issued the below statement calling for peaceful, fair elections ahead of the August 13th elections in Zambia. “The United States values its long-standing partnership with Zambia. Over the last two decades, the United States and Zambia have partnered on peacekeeping, the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR) programming and democracy initiatives that have improved global health, stability and social mobility. Although this partnership…

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…

Sokoto — The National Onion Producers, Processors and Marketers Association of Nigeria (NOPPMAN), has called on ECOWAS to urgently intervene in the continued restriction of Nigerian and Nigerien onion trucks at Kotoku Market in Ghana. In a press conference in Sokoto, the National President, Aliyu Isah Maitasamu said the protracted delays were inflicting huge financial losses on exporters and transporters while exposing highly perishable onions to deterioration. He said NOPPMAN acknowledged and appreciated the efforts of the Governments of Nigeria and Ghana to resolve the matter. It specifically commended the Honourable Minister of Industry, Trade and Investment of Nigeria and…

In brief Solana trades at a $75.06 price, down 1.22% on the day, holding just above its 50-day moving average. The daily chart paints a formation traders refer to as a death cross, a classic bearish indicator. Prediction-market traders on Myriad price a dump to $40 at 69%, against a pump to $160 at 31%. Solana has risen up the ranks of the crypto market charts over the last few years, but the bear market has taken a toll—and the broader macro environment isn’t give SOL much of a tailwind.Bitcoin is trapped between roughly $62,000 support and $67,000 resistance after…