Author: Elan

Africa’s hospitality industry is experiencing rapid expansion, with 577 hotels and resorts currently in development, totaling 104,444 rooms, representing a 13.3% year-on-year increase (W Hospitality Group, 2025). The strongest growth is concentrated in North Africa, led by Egypt (33,926 rooms) and Morocco (8,579 rooms), while key Sub-Saharan markets include Nigeria (7,320 rooms), Ethiopia (5,648 rooms), Kenya (4,344 rooms), and South Africa (4,076 rooms). “As advisors to hotel investors in high-pipeline markets like Egypt and Nigeria, HTI Consulting’s Wayne Troughton notes that sourcing the right suppliers and finding cost-effective FF&E and MEP solutions is crucial to the viability of new developments.…

Ethiopia-based electric mobility company Dodai has closed a $13 million Series A financing round.** For the best experience, download the free Africa Private Equity News app Android | iOS **A MESSAGE FROM OUR SUPPORTERSSouth Africa: PwC Deals team advises Woolworths in acquiring in2food HoldingsThe PwC Deals team has successfully supported Woolworths Holdings Limited in its acquisition of in2food Holdings – a strategic supplier to Woolworths Foods for over 30 years – from the founders, Old Mutual Private Equity, and other existing shareholders. Read moreHere are summaries of the five most widely read stories the past week on Africa Private Equity…

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The Rivers state council of the Amalgamated Union of App-based Transporters of Nigeria (AUATON) has described the suspension of the factional chairman of the council, Comrade Lawrencia Ogu, as constitutional and not a witchhunt. This was disclosed to Technext by the chairman of the council, Comrade Amos Omoruyi. Lawrencia Ogu, a former secretary of the council, declared herself the Acting Chairman, while accusing the executive officers, including the Chairman, Amos Omoruyi, of financial misappropriation. This essentially factionalised the state council, one of the offences that led to her suspension by the union’s National Executive Council (NEC). See also: AUATON is…

Nigeria’s broadband penetration reached 50.58% in November 2025, crossing the 50% mark after ending 2024 at 44.43%. Broadband subscriptions rose to 109.7 million in November 2025, up from 96.3 million in December 2024. Internet data usage hit 1.24 million terabytes in November 2025, showing stronger demand for online services despite recent subscriber disruptions. Nigeria is still behind its 70% broadband penetration target, making affordability, rural access, and service quality key issues for 2026. Nigeria’s broadband penetration crossed 50% in November 2025, offering a stronger signal of recovery for the country’s telecoms market after a difficult 2024. According to the Nigerian…

What streaming platform do you think of when you hear the term “comfort shows?” There are plenty of great comfort shows over on Netflix, or maybe available with an HBO Max subscription. But for me, I always think of Peacock. With a Peacock subscription, there are so many options for classic comfort shows that will no doubt make your day—and provide you with that comfy need that we all so desperately crave. Here are seven that you must check out. The Office A classic comedy Credit: NBC I mean, you knew it was going to be on here, don’t lie.​​​​​​​ The…

By PwCThe East Africa findings from PwC’s 29th Global CEO Survey, capturing insights from leaders across the region – including Mauritius and Zambia, show strong optimism about growth. However, long-term questions remain: are they doing enough to prepare for the future?Across the region, companies are stepping into new sectors, exploring AI, and holding their ground amid geopolitical and economic uncertainty.Looking ahead, leaders anticipate solid performance over the next three years, but highlighted the need to accelerate digital transformation to stay competitive, wondering whether they were transforming fast enough. But geopolitical uncertainty is depressing major investment appetite.This year’s survey highlights how…

Journalists from News24 checked the new immigration document and found that 102 out of 148 references are completely fake. Two independent law firms will run the disciplinary hearings and check every policy document the department wrote since November 2022. The Department of Home Affairs has suspended two senior officials. They face action because they used fake AI research to write a major new policy document. The department sent a chief director home on Thursday. It will officially suspend a second director on Monday. Keep up with the latest headlines on WhatsApp | LinkedIn The trouble started when News24 journalists looked…

(MENAFN- JCN NewsWire) NEC Launches “Africa Corporate Innovation Program” Accelerating Business Through Co-Creation with African Startups – In collaboration with the Shell Foundation and Double Feather Partners, NEC is promoting startups and solutions to social issues – TOKYO, Apr 28, 2026 – (JCN Newswire) – NEC Corporation (TSE: 6701) has launched an initiative to strengthen collaboration with African startups and address social challenges such as agriculture and food security. The newly established “Africa Corporate Innovation Program” is in addition to NEC’s existing global startup accelerator, the “NEC Innovation Challenge”, and is designed to further strengthen partnerships with startups. The program…

The manufacturing sector’s contribution to tax revenue collections in Nigeria maintained an upward trend in 2025, contributing a total of N1.17 trillion in Value Added Tax (VAT), an increase of 45.61 per cent over the N803.53 billion in 2024. The sector’s Company Income Tax (CIT) contribution rose to N881.29 billion, marking a 32.83 per cent increase from N663.46 billion recorded in 2024. This strong year-on-year growth reinforces the sector’s expanding role in generating government revenue and in Nigeria’s industrial development. This was stated at the second quarterly press conference on the state of the economy by the president of the…