Author: Elan
Iyin Aboyeji, founding partner of Future Africa** For the best experience, download the free Africa Private Equity News app Android | iOS **Africa Finance Corporation (AFC) has approved a commitment of up to $100 million to invest in Africa-focused technology fund managers.Through this commitment, AFC will deploy catalytic capital in leading Africa-focused technology funds and in particular African-owned fund managers. In doing so, AFC aims to address the underrepresentation of local capital in venture funding by catalysing greater participation from African institutional investors and deepening local ownership within the ecosystem.Samaila Zubairu, president and CEO of AFC said: “Across the continent,…
Ghanaian startups raised over $120 million in 2025 across fintech, agritech, healthtech, and edtech sectors, with mPharma, Zeepay, and Hubtel leading the charge in scale and revenue. This hub profiles the 40+ most-watched ventures in Ghana’s tech ecosystem as of April 2026, tracks recent funding rounds, explains what makes each sector tick, and shows you which early-stage names might break out next. Whether you’re an investor, founder, student, or journalist covering West Africa’s startup scene, this is your map to who’s building what in Accra, Kumasi, and beyond. Advertisement TL;DRGhana’s startup ecosystem counts 250+ active tech ventures as of Q1…
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Africa-focused e-mobility company Spiro has hit 95,000 electric motorcycles in circulation across its operational markets. This was disclosed in a statement seen by Technext. The company said the development marked a major milestone for both itself and the development of electric mobility in Africa. The company also said the achievement reflects the accelerating adoption of electric mobility solutions across the continent and growing demand for alternatives that reduce fuel costs, improve rider economics, and contribute to lower emissions. Speaking about the development, CEO of Spiro, Kaushik Burman, said the company is no longer demonstrating potential; it is now demonstrating scale.…
Sterling Financial Holdings Company Plc (“Sterling Financial” or “theGroup”) has announced its audited financial results for the year ended December 31,2025, alongside its unaudited results for the first quarter ended March 31, 2026,delivering strong earnings growth, balance sheet expansion, and improved capitalstrength across the Group. According to statement by Group CFO, Sterling Financial Holdings Company PLC, Adebimpe Olambiwonnu, Gross Earnings for FY2025 increased by 44.4% to ₦486.8 billion, representing the strongest performance in the Group’s modern history. Profit Before Tax rose by 89.2% to ₦86.8 billion, while Profit After Tax increased by 74.8% to ₦76.3 billion. The Group’s balance sheet…
Now Playing wasn’t one of the reasons I wanted to switch to Pixel. I knew about it and, aside from thinking, “Okay, so it’s an offline Shazam, whatever,” I didn’t give it much thought. Worse still, the feature was completely broken during the first few days of owning my Pixel 10 Pro, so I couldn’t even test it. But then Google pushed the March Pixel Drop and fixed Now Playing by turning it into a standalone app just days after I got the phone. Fast-forward a few months, and Now Playing has become one of my favorite features on my…
Nairobi, Kenya** For the best experience, download the free Africa Private Equity News app Android | iOS **A MESSAGE FROM OUR SUPPORTERSPwC Deals supports Norfund on its investment into Nafasi Water TechnologiesNorfund has completed a R160 million (about $10 million) investment in Nafasi Water Technologies, alongside E Squared Investments, to strengthen water security across South Africa and accelerate growth in critical water infrastructure and reuse solutions. PwC provided financial and tax due diligence on the transaction. Read moreHere are summaries of the five most widely read stories the past week on Africa Private Equity News.1. Sango Capital closes $120m secondary…
The death of former Botswana president Festus Mogae should force Africa into an uncomfortable but necessary conversation: why does staying too long in power so often end badly on our continent? Mogae belonged to a rare generation of African leaders who understood that leadership is temporary but institutions must endure. He served, governed, and stepped aside. Botswana continued functioning. Its economy did not collapse because one man left office. Its democracy did not descend into chaos. Life moved on because the country was bigger than the presidency. That should not be extraordinary in Africa. Yet somehow it still is. Across…
Nairobi — Matatu operators have announced plans to increase fares by up to 50 per cent following a sudden rise in fuel prices, warning of a nationwide strike beginning Monday if the government does not intervene to address rising operating costs. The operators say the latest fuel price adjustment has made it increasingly difficult to sustain public transport operations, citing sharp increases in diesel and petrol prices that directly affect daily revenue and profitability. They argue that without urgent government action or subsidies, the sector risks collapse, forcing them to transfer the additional costs to commuters through higher fares. The…
Paga, one of Africa’s oldest fintechs, has partnered with Sui, the blockchain network built by US-based Mysten Labs, as it pushes into crypto payments, stablecoin yields, and asset tokenisation.The partnership was announced at the Sui Live event in Miami, the United States, on Thursday. It marks Paga’s first formal move into crypto since Tayo Oviosu transitioned to Group Chief Executive Officer (CEO) in April.Oviosu said the partnership will help Paga build financial rails that help Africans hedge against currency instability that erodes wealth, unlock opportunity in global commerce, fix cross-border payments, and expand access to alternative financial products.