Author: Elan

IHS Towers has completed the sale of its Latin American tower operations to Macquarie Asset Management, exiting the region as the company reshapes its portfolio ahead of MTN Group’s planned acquisition. IHS Mauritius BR Limited, a subsidiary of IHS Holding Limited, completed the transaction on August 7, 2026, following an agreement announced in February. The deal covers IHS Brazil and IHS Colombia, comprising approximately 9,000 tower sites. The sale marks IHS Towers’ complete exit from Latin America, leaving the company focused on its African operations, where it has more than 28,000 towers across Nigeria, South Africa, Côte d’Ivoire, Cameroon and…

Uber plans to invest approximately $10 billion over the next few years to deploy 120,000 autonomous vehicles and expects to launch robotaxi services in at least 15 cities this year. Instead of developing its own self-driving system, Uber aims to serve as a platform connecting various AV technologies to riders. This approach places Uber in direct competition with Alphabet’s Waymo and Tesla as they commercialize self-driving technology. Uber discontinued its autonomous vehicle program in 2020. Uber states that this investment is supported by strong cash flow from its core business, including a record $2.8 billion in free cash flow in…

Johannesburg is gaining global attention for more than its business districts and economic influence. The city’s street food culture has become an international attraction, highlighting the entrepreneurs, small businesses and communities that are shaping South Africa’s evolving food economy. In 2026, Johannesburg was ranked among the world’s top 10 street food cities by Time Out, placing eighth in its global list of the 20 Best Cities in the World for Street Food. The ranking placed Johannesburg alongside globally recognised food destinations including Ho Chi Minh City, Kuala Lumpur, Mexico City, Hanoi and Bangkok. While the recognition celebrates food, it also…

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…