Author: Elan
Bitcoin (BTC) consolidated near two-week highs into Sunday’s weekly close as traders geared up for fresh market turbulence.Key points:Bitcoin approaches its highest levels in two weeks, but Mondays have been “terrible” for BTC price action, a trader warns.BTC/USD is in the process of deciding the fate of its 200-week moving average.Crypto market analysis sees “greener shoots” on the back of the latest US macro data.Trader: Past seven Mondays “absolutely terrible” for BTC priceData from TradingView showed BTC/USD focusing on $62,700, the site of a key long-term trend line, the 200-week simple moving average (SMA).BTC/USD four-hour chart with 200-week SMA. Source:…
The year was 2013. During his second year studying computer science at the University of Ibadan, in Oyo, southwestern Nigeria, John Robert stumbled on a pattern that changed the course of his life. He had been reading about Nigeria’s biggest banking chief executives and business leaders, trying to understand how they built companies that stretched beyond the country’s borders. He kept noticing one detail: nearly all of them had spent part of their lives abroad. Some had studied overseas. Others had worked there. A few had built careers before returning home. Whatever the route, international exposure seemed to be a…
A closer look at why users don’t need more tools in their daily lives. What they need are seamless integrations of useful features to match already existing, established mental models. Brought to you by Design Patterns For AI Interfaces, friendly video course on UX and design patterns by Vitaly.We often hear about shiny new tools that change everything (yet again). But in practice, most people don’t need more tools to deal with in their daily lives. What we actually need are better integrations of useful capabilities that neatly align with our existing and established mental models.Users don’t get excited about…
As the Middle East moves towards a fragile lull in hostilities, the economic shock caused by the conflict – supply chains perturbation, inflation… – is already spreading to the global economy with oil importers like South Africa, Egypt, Morocco and others face stronger inflation pressures, particularly on food and transport. But this is not all downside. Commodity exporters such as Nigeria could benefit from higher prices. Against this backdrop, Coface has carried out eight country risk assessment downgrades and 45 sector risk assessment changes (41 downgrades, compared with just four upgrades). Key figures: +2.3 per cent: expected global GDP growth…
Johannesburg, South Africa** For the best experience, download the free Africa Private Equity News app Android | iOS **A MESSAGE FROM OUR SUPPORTERSPwC: South Africa Economic Outlook 2026South Africa’s economy remains on a recovery path in 2026, but rising global pressures and cost dynamics are slowing momentum and reshaping the outlook for the months ahead. Read moreHere are summaries of the five most widely read stories the past week on Africa Private Equity News.1. Adenia buys majority stake in Minet from CapitalworksAdenia Partners, a private equity firm focused on growth opportunities in Africa, has acquired a majority stake in Minet…
Nigeria’s Bank of Industry has named Kuramo Capital Management to run the $170.6 million DICE Fund of Funds under the iDICE program The deal is Kuramo’s second major state mandate in two years, confirming its position as Nigeria’s preferred manager for government-backed venture capital Success depends on whether Kuramo can raise matching private capital faster than the program’s track record suggests Nigeria’s development bank Bank of Industry Limited (BOI) has appointed Kuramo Capital Management as fund manager of the DICE Fund of Funds, a vehicle built to channel at least $170.6 million into the country’s technology and creative startups. The contract, signed in…
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The Securities and Exchange Commission (SEC) has cleared seven more crypto platforms for its Accelerated Regulatory Incubation Programme (ARIP), marking the regulator’s most significant expansion of its digital asset sandbox since the programme’s pioneer cohort in August 2024. The new entrants, Bitbarter Technologies Limited, Luno Fintech Nigeria Limited, GetEquity Limited, Koinkoin Global Network Limited, Wrapped CBDC Ltd, Trovotech Ltd, and Blockvault Custodian Ltd, will each receive an Approval-in-Principle (AIP), granting conditional permission to operate within ARIP’s defined parameters while remaining under the SEC’s supervision. How firms get here ARIP admission runs through two structured phases. An applicant first files an…
The South African Revenue Service (SARS) has never doubted that it wants a share of crypto profits. What it has lacked, until now, is a coherent rulebook explaining exactly how that share gets calculated. On 1 July 2026, SARS released a draft guide to the taxation of crypto assets, an attempt to finally close the gap between an eight-year-old media statement and a market that has since exploded into staking, DeFi, arbitrage bots and NFT-adjacent tokens. The guide isn’t law. It carries no binding force and creates no “practice generally prevailing”, as SARS states in its preface. But it is…
Ryan Haines / Android AuthorityMost people are no longer upgrading their Android phones every two years. It’s now the norm for consumers to replace their devices every three or four years. It also doesn’t hurt that carriers have embraced 36-month or even 48-month contracts.As such, I totally understand if you’re buying a phone with the intention of keeping it for three or more years. But before you put your money down or sign that contract, I’ve got some tips to keep in mind if you want to buy a phone that will last for years and years. What’s the best…