Author: Elan

Andrew Johnstone, CEO of Climate Fund Managers** For the best experience, download the free Africa Private Equity News app Android | iOS **Climate Fund Managers has announced the first close of its SA-H2 Fund, also known as Climate Investor Three (CI3) South Africa, with R3 billion (about 182 million) in commitments.SA-H2 invests in large-scale energy transition projects across the green hydrogen value chain, including green hydrogen production, downstream derivatives such as green ammonia and green methanol, and the decarbonisation of hard-to-abate industries.A blended finance facility, SA-H2 combines public and private capital in a single platform. Public capital is deployed strategically…

How we made it in Africa II: Real stories of entrepreneurs turning opportunity into profit, the latest book by Jaco Maritz, has been recognised at the 2026 BCA African Business Book of the Year Award, taking the second runner-up prize at a ceremony held at the Institute of Directors in London on Friday, 3 July 2026.The book is available hereThe book was praised for its accessibility, its relevance to SMEs and entrepreneurs, and its broad representation of African business success stories – many of them lesser known – that highlight the realities of building businesses on the continent. Now in…

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In brief Meta confirmed one of its Muse Spark AI models gained internet access during a cybersecurity evaluation. The model exploited a security vulnerability in a third-party service after a testing partner accidentally exposed it to the internet. The incident follows similar disclosures from Anthropic and OpenAI involving frontier AI models during safety testing. In yet another rogue AI model hack, Meta has confirmed that one of its Muse Spark AI models escaped its intended testing environment, gained access to the internet, and exploited a security vulnerability in a third-party service during a cybersecurity evaluation.It’s the third such reported incident…

Leading telecoms company, MTN Nigeria, has revealed that it uses about 1.5 million litres of diesel to power its tower sites across the country. This was shared by the company’s Chief Technical Officer (CTO), Yahaya Ibrahim, on Thursday, May 6, during the Mid-Year Y’ello Verse Catch-up with MIP Alumni and Journalists.  The centre of the conversation was around how MTN Nigeria’s N3 trillion service revenue was spent. Recall that the telecom operators reported a profit after tax of ₦707.54 billion in the first half of 2026, with 1.70 trillion in revenue attributed to data usage.  Yahaya shared that while MTN…

For decades, Notepad was one of the few Windows apps that demanded almost nothing from you. You opened it, typed, saved the file, and closed it. There was little formatting, no cloud accounts to sign in to, and no crowded toolbar competing with whatever you were trying to write. Its limited feature set was part of the appeal. As Microsoft gradually added more features, including AI tools, that simplicity began to change. A developer known as ForLoopCodes responded by rebuilding the app from scratch in C++ using the Win32 API. The project’s README states the motivation more bluntly, arguing that…

Alex Manson, CEO of SC Ventures** For the best experience, download the free Africa Private Equity News app Android | iOS **Yellow Card, a stablecoin infrastructure provider, today announced the closing of a $40 million funding round, with investment from SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital and Blockchain Capital, among other investors. This brings Yellow Card’s total financing to over $120 million.“Stablecoins are here to stay, but their adoption will depend on robust infrastructure and clear real-world utility. Yellow Card is building those rails for businesses across Africa, enabling them to access and move value efficiently…

The National Resistance Movement (NRM) Parliamentary Caucus will now take place at the Munyonyo Commonwealth Resort Hotel, leaving the earlier planned schedule for Kololo for musician Ray G to have his concert at the independence ground. The change of venue was announced by Government Chief Whip Dr Ruth Aceng while speaking to journalists at Parliament on Wednesday morning. “The Caucus has been shifted to Munyonyo Commonwealth Hotel. We expect all NRM and NRM-leaning Independent MPs to be there by midday because the President and National Chairperson of the Ruling Party will be addressing the Caucus,” Dr Aceng said. She said…

For years, conversations about artificial intelligence (AI) have centred on chatbots, image generators and the race to build  powerful large language models. Across Africa, however, technology is taking on a different role by solving everyday problems that affects healthcare, agriculture, logistics, financial services and insurance. Rather than competing with OpenAI or Google to build frontier AI models, African startups are embedding AI into products that address local challenges which ranges from detecting fake medicines to reducing insurance fraud and also helping farmers increase yields and enable businesses to automate routine tasks. Their timing coincides with a growing economic opportunity because…

Addis Ababa — Prime Minister Abiy Ahmed has inaugurated a new terminal at Bahir Dar Dejazmach Belay Zeleke International Airport, marking a pivotal milestone for one of Ethiopia’s primary aviation gateways. The modern facility is set to dramatically enhance the regional transport landscape and serve as an engine for economic growth. Reflecting on the achievement, Prime Minister Abiy noted that the project represents far more than upgraded infrastructure. He described the terminal as a powerful symbol of resilience, recovery, and forward-looking investment. Follow us on WhatsApp | LinkedIn for the latest headlines The expanded terminal boosts overall passenger capacity and…