Author: Elan
water crisis Cloud seeding promises to squeeze more rain from clouds in a world facing worsening water shortages. But the science remains uncertain, the costs are high and the risks are not fully understood. As droughts intensify across Africa, can a decades-old technology really help solve the continent’s water crisis? By Julie Desrousseaux The al-Massira dam, in the village of Ouled Essi Masseoud, 140 kilometers south of Casablanca © FADEL SENNA/AFP Published on October 10, 2026 at 12:00 pm (GMT +1) In the skies above Béni Mellal, on the edge of Morocco’s Middle Atlas, a Royal Gendarmerie Alpha Jet flies…
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…
Will Africa’s new credit rating agency earn the trust of investors? – African Business Will Africa’s new credit rating agency earn the trust of investors? – African Business
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Chowdeck has achieved a remarkable milestone by delivering over 100 million items through more than 30 million deliveries, just as the Nigerian startup approaches its fifth anniversary. Femi Aluko, the co-founder and CEO, shared this exciting news in a post on X, where he noted that an impressive 80% of these deliveries happened in the last 20 months. This rapid growth demonstrates how quickly the company is evolving since its launch in October 2021, expanding from just restaurant meals to now offering groceries and other daily essentials. In his heartfelt message, Aluko expressed gratitude to customers, riders, vendors, employees, and…
Formatting an SSD seems like the obvious thing to do if you want to sell it, give it away, or even just give it a new job doing something else. I’m not here to dispute that, but I think that many people are unaware that formatting isn’t the 100% fail-proof solution some think it is. Even if the drive looks empty from your operating system’s perspective, old data may not have fully been overwritten or erased. It can remain outside of the normal filesystem’s view. That could be good or bad, depending on what your goal is at this stage.…
A cancelled order or discontinued product line can leave a manufacturer with usable stock and no obvious buyer. Refreshi Exchange is developing a B2B marketplace to help businesses find another route to market before that inventory loses its value. A product can lose its place on a supermarket shelf long before it becomes unusable. Packaging changes, cancelled orders and decisions to discontinue a line can leave suppliers holding goods that still have commercial value but no longer fit their original sales channel. For South African manufacturers and distributors, finding an alternative buyer is a race against time. The remaining shelf…
Michael Wehrle, CEO of BlueOrchard** For the best experience, download the free Africa Private Equity News app Android | iOS **BlueOrchard and the International Finance Corporation (IFC) have launched an emerging markets private debt investment vehicle targeting up to $2 billion in commitments.Tokio Marine Group is the anchor investor in the vehicle’s $300 million first close.The vehicle is structured as an evergreen fund, allowing investors to subscribe and redeem during predefined windows while capital from investments can be reinvested.It is designed for private investors – including pension funds, insurers, and sovereign wealth funds – seeking long-term private credit exposure.“Emerging markets…
After eight years of advising startups and small and medium-sized enterprises (SMEs), Irtus Consolidated is moving into private capital, seeking to raise between $15 million and $20 million to invest in businesses it believes can capture large sections of Nigeria’s economy. Tamara Posibi, CEO of Irtus Consolidated, said the move represents a natural progression for the firm after years of working closely with founders, tracking the performance of their businesses and observing the challenges confronting early-stage companies. The firm, established in 2018, began primarily as an advisory business supporting founders with business formation, growth strategy and fundraising. It has since…
In the wake of Moove‘s Nigeria exit, the Amalgamated Union of App-based Drivers of Nigeria (AUATON) has hailed the company’s decision to fully transfer ownership of vehicles to drivers, describing it as an “unprecedented act of corporate empathy.” In a statement signed by its National Spokesperson, Comrade Jossy Adaraniwon, the union said that while corporate exits usually bring hardship, Moove has rewritten the script on corporate responsibility in Africa. “AUATON explicitly commends the management of Moove and its visionary Nigerian co-founders, Ladi Delano and Jide Odunsi, for an unprecedented act of corporate empathy. By completely wiping off remaining debts and…