Author: Elan
Nigeria flexes muscles with Benin coup intervention – African Business Nigeria flexes muscles with Benin coup intervention – African Business
Strategy held on to its place in the Nasdaq 100 during this year’s rebalancing, securing its first successful test in the benchmark since joining the index in December last year. The company, previously known as MicroStrategy, has become the largest corporate holder of Bitcoin (BTC). With its latest purchase of 10,624 Bitcoin for around $962.7 million last week, Strategy’s total holdings stand at 660,624 BTC, worth nearly $60 billion. The latest Nasdaq 100 adjustment saw Biogen, CDW, GlobalFoundries, Lululemon, On Semiconductor and Trade Desk removed from the tech-heavy gauge, while Alnylam Pharmaceuticals, Ferrovial, Insmed, Monolithic Power Systems, Seagate and Western…
The Lagos State University (LASU) has introduced regulations for activities surrounding cinematographic activities (content creation) across the campuses. The move follows the bandit prank that caused pandemonium among students on campus. The disclosure was contained in a press statement released on Friday night on its official Facebook page, signed by Oluwayemis A. Thomas-Onashile, Deputy Registrar/Coordinator, Centre for Information and Public Relations, LASU. It noted that the move is an attempt to maintain the University’s status and integrity and preserve sanity. In the statement, LASU noted that all students, individuals who wish to engage in cinematographic activities on the University campus,…
Occasionally rebooting your router and modem is pretty normal, and some routers even have a reboot schedule function that can take care of this for you. Though problematic network equipment should be replaced, adding a smart plug to your setup can save you effort and even automate the entire process. Buying the right smart plug Rebooting your router usually means cutting power for around 10 seconds, then firing it back up and waiting for everything to return to normal. While you can do this by physically walking to the router, being able to do so remotely is more convenient. To…
** For the best experience, download the free Africa Private Equity News app Android | iOS **Sun King, an off-grid solar energy company, has raised $40 million in equity financing from Lightrock. The investment will support Sun King’s expansion of decentralised solar energy systems across Africa and Asia, and the company’s continued development of new products catering to the needs of underserved households and businesses in these regions.Over the past 18 years, Sun King has built a scaled distributed energy utility model that combines energy generation, energy-efficient appliances, installation, and consumer financing in a single integrated offering, now serving over…
JEKTA, the Swiss manufacturer developing the innovative PHA-ZE 100 zero-emission amphibious aircraft, has released new images of its 1:9 scale model, now actively supporting flight and water-testing campaigns in Italy. The detailed model is being used to collect performance data that directly reflects the behavior of the full-size Passenger Hydro Aircraft – Zero Emissions 100. The PHA-ZE 100 1:9 scale model illustrates how the zero-emission amphibious aircraft lands on its hull, supported by underwing outrigger floats. The full-size version will feature retractable landing gear for full amphibious capability. Highly Representative Scale Model for Advanced Testing Although the final production configuration…
African entrepreneurs from across the continent have taken center stage at a high-profile business competition hosted in Rwanda, highlighting innovation, resilience and the growing influence of African-led enterprises. The event brought together startups, investors, policymakers and industry leaders, providing a powerful platform for emerging businesses to showcase ideas that address local and global challenges. Rwanda’s role as host reflects its growing reputation as a hub for entrepreneurship and innovation in Africa. Innovative Business Ideas Reflect Africa’s Dynamic Markets Participants presented solutions spanning technology, agriculture, healthcare, fintech and renewable energy, demonstrating the diversity of Africa’s entrepreneurial landscape. Many ventures focused on…
Image Credit: Feepik/fanjinau4 To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $38 per month Join now for $435 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and the investment firms and executives involved Portfolio company news that impacts value and stakeholder participation Job moves and partnerships between leading market participants Exclusive access to Africa Capital Digest’s full content archive If you’d like more information on exceptional value group subscriptions for your colleagues…
Promising Nigerian startups took to the stage to showcase their innovations at the iHatch National Demo Day (4th Cohort). This initiative was organised by the National Information Technology Development Agency (NITDA) and the Japan International Cooperation Agency (JICA). According to the organisers, the showcase, held on Thursday, brought together investors, policy makers and hosts to witness startup founders pitch their ideas. The event also marked the culmination of months of hard work, state-level selections, and regional competitions. Launched in 2021, iHatch is a 5-month free intensive incubation program designed to help Nigerian entrepreneurs refine their business ideas through a series…
The Central Bank of Nigeria (CBN) has issued a one‑month deadline for all banks, financial institutions, acquirers and payment service providers to overhaul how Point‑of‑Sale (PoS) transactions are routed, in a major push to reduce system downtime and strengthen Nigeria’s digital payments infrastructure. The circular (PDF), dated December 11, 2025, and signed by Rakiya Yusuf, Director of the Payments System Supervision Department, updates earlier guidance and compels industry players to adopt dual connectivity to the nation’s two licensed Payment Terminal Service Aggregators (PTSAs): the Nigeria Inter‑Bank Settlement System (NIBSS) and Unified Payment Services Limited (UPSL). Under the new directive, all…